I am dusting off a classic test for risk intuition. If you remember the test from years past, it will be nice to reminisce. If not, take the test now to assess your intuition and look at risk in a new way.
Tag Archives | regulation
Triangle Shirtwaist Factory Fire
March 25, 2011 marks the hundred year anniversary of the Triangle Shirtwaist Factory fire. One hundred forty-six workers perished in a blaze that engulfed the ten story Asch Building in lower Manhattan. Most were young seamstresses who worked six days a week for a pittance. The tragedy unfolded blocks from where, ninety years later, the twin towers [...]
Don’t Blame the Modelers
With the markets in turmoil, I have little time to comment publicly, and breaking through to be heard above the clatter is all but impossible. Reporters seeking sound bites don’t help. From: Tansy Harcourt To: Glyn Holton Sent: October 1, 2008 Subject: Consulting Hi Glyn, I’m a journalist in Australia for the Australian Financial Review. [...]
Book Review: Demon of Our Own Design
Richard Bookstaber knows his way around Wall Street. Thirty years ago, he transitioned from academia to practice. He has worked in trading and risk management since. Along the way, he wrote one of the best introductions to options trading ever published. In this new book, he takes on multiple tasks. First and foremost, he offers [...]
Inaugural Article
Ask a practitioner of the origins of financial risk management, and he might say it emerged in response to financial blow-ups of the early 1990s. Or he might say it emerged out of efforts by the Basel Committee to standardize bank capital requirements globally. Or he might say it emerged from efforts by banks to [...]