This weekend I wanted to upgrade my son’s skateboard from the cheap big box store brand to the specialized skate shop variety. The new board is easier to ride because it is wider and rolls better (i.e., faster). After 30 minutes in the driveway and a lot of exclamations about how much better it was, Mom put a damper on the fun, saying it was time to get some wrist guards, elbow pads and knee pads. After I headed back out and found the required padding, my son suited up. Five minutes later, he was back in the house telling his mother that skateboarding wasn’t as fun and “Dad said when he rode boards he didn’t wear any padding!” That’s true, and yes, it was a long time ago. I’m not even sure they made that kind of equipment back then (pre-Tony Hawk for those of you who are skateboard lovers)! In the area of risk management for our son, Mom would be on the more conservative side. I found myself asking this question: In the current market environment, should our portfolio risk management look more like Mom or Dad’s?