Practical analysis for investment professionals

Risk Management


Systemic Climate Risk and West Coast Wildfires

Is 2020 the watershed year when the world begins to understand the concept of systemic risk in our interactions with the natural environment?

Dot-Com Redux: Is This Tech “Bubble” Different?

Is it a dot-com déjà vu for tech stock valuations? Maybe not.

Radical Uncertainty in Finance: Why Modern Finance Keeps Failing

We need to reject the mirage Modern Finance projects on the market and revive a commonsense approach to uncertainty.

Option Traders and the 2020 Presidential Election

What can options tell us about expectations and positioning ahead of the 2020 US election?

Marko Papic: Geopolitical Forecasting in Volatile Times

Marko Papic believes investors can prepare for geopolitical events and beat the market while they’re at it.

Radical Uncertainty in Finance: The Origins of Probability Theory

How did modern society succumb to the illusion that uncertainty can be transformed into calculable risks?

Human–Machine Collaboration and Model-Aware Investing

How can we leverage the fact that machine learning, alternative data, and AI are not only widespread, but increasing in influence?

Living with Risk: The COVID-19 Iceberg

Utilitarian calculus is not the right lens through which to view the COVID-19 dilemma. It is the only lens.

Why You Should Be a Goals-Based Investor

What if our traditional models of choice are not measuring people’s true objectives?

Creating Anti-Fragile Portfolios

Is a portfolio long or short volatility? That question is becoming more and more critical.