Posts Tagged ‘ black swans ’

Would-be Error Detectors: Suit Up

Feb 18th, 2014 | Filed under: Book review, CAPM / Alpha Theory, Risk management, Today's Post

That gadfly of financial modelers and quants is back. This time, Taleb writes in such a way as to establish that he isn't a mere popularize/diluter of familiar academic arguments -- which is how the critics of many of his earlier books have painted him. And them.

Frankenstorm, the Not So Black Swan: Climate as the New Risk Variable

Nov 13th, 2012 | Filed under: Alpha Strategies, Editorial, Today's Post

Columnist Doug Friedenberg looks at why the American understanding of climate science has been exceptional, why substantial financial interests may bring it in line with the rest of the planet, and why portfolio managers should care in the first place.

The Climate Change Trade: Your Portfolio May Never Look the Same

Apr 17th, 2012 | Filed under: Alpha Strategies, Today's Post

PM's are used to assessing variables like changes in interest rates, unexpected business competition, disruptive technologies, and a host of known unknowns when making their portfolio decisions. An interview with Gernot Wagner reveals climate change as an already visible black swan, with an unimagined capacity for disruption..........and opportunity.

James Rickards on the Huge Threats to the Financial Markets

Feb 16th, 2012 | Filed under: Alpha Strategies, Today's Post

James Rickards is a global expert on financial markets and global security. In this exclusive interview, he discusses some of the massive threats our financial markets face (internally and externally) and explains why he thinks "….all the tools in modern finance are basically false science. "

New Techniques to Manage Sovereign Credit Risk

Dec 1st, 2011 | Filed under: Alpha Strategies, Today's Post

" following and understanding the latest thinking in managing sovereign credit risk- portfolio and risk managers will not only be able to extract greater returns from their existing investments, but deliver greater protection for clients......"

Predictable Black Swans: Hedge Fund Formerly Known as B of A Exercises $75 Trillion Put to US Treasury, Hopes to Protect Equity Splinter

Oct 25th, 2011 | Filed under: Alpha Strategies, Derivatives, Today's Post

Well, maybe not $75 Trillion.  And it doesn’t call itself a hedge fund.  To be really, really fair, Bank of America couldn’t have gotten all its derivatives positions wrong, even though it’s a bank.  However, as we shall demonstrate, the phrase “equity sliver” is way too optimistic.  Understand this about a derivative hedge:  it’s a […]