Mark Rzepczynski
A paper that has not received much attention focuses on measures of systemic risk in "Systemic Risk Measures: From the Panics of 1907 to the Banking Stress of 2023". Much of the data from this paper is available from V-lab. The work suggests that there have been more stress periods recently, but...
Mark Rzepczynski
Good investors focus on risk. Risk is the downside. Bernard Baruch said it well when he said nobody ever went broke taking a profit. - Sam ZellThis is a classic rule in trading, yet it has little meaning. Anytime you have a positive profit, you can take it, yet you are likely leaving money on the...
Jennifer Lang
The Star Judgment concluded that the Board Directors were compliant with the law. But what can it teach us about doing a good job, not just being compliant? My lessons are: Think about all the risks, not just the financial ones, and have them in your mind when decisions are being made. Don’t...
Jennifer Lang
Source: Actuaries Institute The first phase of uninhabitability is uninsurability – Michael Mann, renowned climate scientist. As climate risks to property increase, the people who live in places exposed to those risk are less and less able to afford to insure their properties. Which will start to...