Risk is Opportunity. Uncertainty is Random. Investing is a Science.
Risk is the measurable probability of a future outcome such as the flip of a coin or the roll of dice.
Uncertainty is when the future outcome is incalculable or indeterminate such as a natural disaster or a sudden change in market prices.
“Risk, Uncertainty and Profit”
– Frank H. Knight, PhD, Economist, University of Chicago, 1921