An important aspect of profitable investing is risk management, whether from the individual or even financial company point of view(individual vs company , do they use different method, diversification / cds / what skills do invester require to become better invester). And good risk managers are ones that understand all instruments, how they work, and how to use them. Discuss

how risk management is approached today from both individual and financial companies' perspective

what skills do most individuals need to develop to become better risk managers

do derivatives help manage risk

what is the most effective instrument to manage risk for individuals and investment companies?