That said, he runs his insurers at lower levels of leverage than most insurers, to allow room for taking more investment risk. (alephblog.com)
Time horizon — Conventional wisdom says that if you have a long time before you need to use your money, you can take on more investment risk in the interim. (mindfullyinvesting.com)
Also, the move from high investment grade to low investment grade does not involve a lot more investment risk, but it does offer more yield on a risk adjusted basis. (alephblog.com)