risk management
We need to reject the mirage Modern Finance projects on the market and revive a commonsense approach to uncertainty.
What can options tell us about expectations and positioning ahead of the 2020 US election?
Marko Papic believes investors can prepare for geopolitical events and beat the market while they’re at it.
How did modern society succumb to the illusion that uncertainty can be transformed into calculable risks?
Utilitarian calculus is not the right lens through which to view the COVID-19 dilemma. It is the only lens.
"The best way that you can be a decision maker in this type of environment is not to demand certainty."
The economy has only a handful of truly fundamental drivers that influence different asset classes.
Risk management at banks — especially in a post-financial-crisis world — is a topic of critical importance to investors and regulators.
In today's bull market, the bezzle, or "inventory of undiscovered embezzlements," isn't stocked with Ponzi schemes and the like. Rather it is built on the notion that risky assets have become practically risk-free.
What are two of the most important things an investor needs to do to succeed? Howard Marks, CFA, offered his perspective.