risk management
"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.
What is Ensemble Active Management (EAM) and how can it help active managers outperform their benchmarks after fees?
The End of Theory by Richard Bookstaber is relevant to anyone working in the financial industry.
This work is effectively two books in one: (1) an account of the rise and internationalization of the renminbi and of its prospects for continued ascendancy over the near term and the medium term and (2) a concise description of the various vehicles for investing in Chinese assets.
“We need to make investment plans that adapt to market conditions and also take into account our own personal frailties,” says Andrew W. Lo.
The author proposes debiasing techniques that can improve the practice of operational risk management by countering behavioral biases.