What is a “conservative” investor?

Yesterday, Jonathan Chevreau, one of Canada’s finest financial columnists, wrote about how women are generally more “conservative” prefering safe investments, “defined as” GICs, bonds, mutual funds.  Obviously, the term “conservative” has a somewhat different meaning in conventional investment lingo than when I refer to myself as a conservative investor.  For to me, a conservative investor has to mean something different than putting your money at interest in an inflationary environment.  That should be called “risk adverse” not conservative.  But alas, risk adverse investors expose themselves to the worst asset class of all, fiat currency at low interest rates, which is not likely but certain to destroy wealth.  A conservative investor looks at a the bad monetary policy and devises strategies to beat it.