With Reference To A Real Life Example Discuss Money Management vs. Risk

(The Titanic)
Ignoring the time zone difference, it was 90 years ago that the RMS Titanic, on her maiden voyage in 1912, struck an iceberg. The collision was not head-on. The berg bumped and ground along the starboard side and then was gone into the calm, moonless night. At first, few thought the damage serious. It was difficult to coax passengers into the lifeboats. Yet three hours later, the Titanic slammed into the ocean floor almost 4000 metres below, torn in two. Over 1500 of her passengers and crew were dead. And the design and operation of sea vessels changed dramatically and perma…