The Globe and Mail reports in its Saturday edition that last week's volatility is a reminder to pay more attention to risk. The Globe's Rob Carrick offers the Pay Attention to Risk strategy, or PATR. Rob Davies, an account manager at Morningstar CPMS, created a portfolio of 20 Toronto Stock Exchange-listed stocks which have beaten the overall stock market in the past with less risk. While most stocks in the portfolio are up for the year to date, several have fallen sharply. Also, the portfolio includes Valeant Pharmaceuticals, which was up 82 per cent for the year through midweek and 487 per cent in total over the past three years. Mr. Carrick notes Valeant was down 7.2 per cent for the month, but it hardly seems a buy-low opportunity. Still, the entire list of stocks scores well in a variety of measures that indicate a degree of resilience in a down market. The strategy has beaten the S&P/TSX composite index in 93.3 per cent of months in which the index was down. Some of the stocks that score well in a variety of measures that indicate a degree of resilience in a down market, by Mr. Davies's reckoning, are Richelieu Hardware, BCE, TransCanada, TD Bank and Bank of Nova Scotia.