The World Since -2
Risk Management as Philosophy? The world of Finance has an intuitive understanding of Risk. Since earlier days of business activities, man had performed Risk Management as an integral part of the original actions, never as a conduit or sub activity. Since the barter system of trading, to the evolvement of the medium of exchange, read…
The world since – 1
It has been sometimes since the last article came out on this page. This page was supposedly, at least in the initial days of its existence, meant to instruct and impart some practicalities on the subject. The subject is vast, and infinitely complex. Risk management, as a tool, on the whole subject of Risk, is…
The Anecdotal Risk – II : Why we need to think differently learning from history?
It has been a while since, I am coming back with another instalment on the series. The intent remains same; study the building blocks that form the basis of a scientific study of Risk. Risk is a subject that differs from many we know of. The principal reasons being its heterogeneity. The subject borrows extensively…
The Anecdotal Risk: Why we need to think the way we are not today?
In my last post, I built up, slowly, the groundwork for a pathbreaking aspect of measuring and managing investment risk – the Portfolio theory of Harry Markowitz. Using a lot of mathematics, and an equal measure of common sense, Markowitz showed the expansive investment world that with effective diversification risk can be distributed if not…
What is that ‘something’, that fundamentally changed the concept of Risk?
At the onset let me wish you a fulfilling and safe 2021. Being the first article of the year, it means very special to me. I do sincerely hope that you find it equally absorbing. We did mention specifically that two ‘discoveries’, primarily, changed the concept of Risk Measurement fundamentally. The world had always had…
The Remarkable Story of Uncertainty – II: How the concept of Risk Measurement surfaced
As I stated in my previous article, John Maynard Keynes, the exceptionally gifted intellectual and one of the first proponents of the concept of ‘’probabilistic’’ way of viewing economic activities (or choices) based on uncertainties prevailing, can be considered as the modern architect of a systematic measurement of Risk. This brings me to the forefront…
The new Black Swan III – The Remarkable Story of Uncertainty!
Stock markets are said to be barometers for economic measurements. Stock markets existed since long, yet there was never a single number that would quantify the true risks associated with them. All those were set to change. It would be worthwhile to take a step back. The dawn of the twentieth century witnessed some incredible…
Against the Odds!
In last two instalments, primarily introductory, I tried to build up a block-by-block approach to the systematic understanding, and study, of Risk. As the subject is vast, and complex, having origination and spreading its tentacles in multiple sources/directions, it becomes imperative to have a structured point of beginning. As we trace back human activities since…
The new Black Swan – II
A genesis of the modern Risk Management Risk as we know as a subject today is a singularly monolithic structure, with deep interconnections to branches/sub-branches that commingle. This makes the study of Risk singularly fascinating. One, as a serious student of Risk, can ‘view’ it as a complex monolith; while it can be considered as…
The new Black Swan?
Risk Management in the new world: The inevitable conundrum Risk Management as a subject is far expansive than a tool, or a set of tools. Since time immemorial, this discipline is in vogue to actively, and passively, manage activities that bring lesser misfortune in lives of people, and countries. As life is unpredictable, yet we…
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