There are few life decisions as consequential as your choice of career. Get it wrong, and you’re in for a ...
Imagine you are presenting to the board about risk management. The presentation is going well, and you are about to ...
If you have been active in risk management for a while, you have probably heard of the 4 T ‘s. ...
You finally did it! You landed that senior risk management position at a fabulous firm. The job search took a while, and the vetting was […]
On Friday, I wrote a lighthearted piece challenging criticisms of value-at-risk. The Swiss had abandoned their currency peg; people had lost money; and VaR was […]
Last week, the Swiss pulled their peg, and swissie soared. Part of the fallout—surprise, surprise!—is criticisms of value-at-risk. This time The Economist is leading the […]
I have written about it before, and I am sure I will write about it again. … how financial risks that devastate firms aren’t random […]
Those who cannot remember the past are condemned to repeat it. Nowhere is George Santayana’s famous admonition more applicable than in the field of risk […]
You probably already know the basics: that high-frequency trading (HFT) is a style of trading that involves placing, transacting and/or rescinding numerous orders over compressed […]
Michael Lewis has a new book out. It may be more influential than even his 1989 runaway bestseller Liar’s Poker. Called Flash Boys: A Wall […]
There is an old saying on trading floors: Watch the trader who makes consistent money. He is the one who is going to blow up. […]