A lot can happen in 5 years, the rear view mirror and the road ahead

Reading Time: 4 minutes When “Past performance is not necessarily a guide to the future” has never seemed moreĀ apt The rear view mirror It’s now been just over 5 years since equity markets hit their lows at the peak of the fallout from the banking/credit crises of 2008. A lot can happen in 5 years. This year’s crop of … More A lot can happen in 5 years, the rear view mirror and the road ahead

Volatility Control : a story of two measures of volatility

Reading Time: 4 minutes There are many measures of the volatility of an investment asset, and none are completely satisfactory. And that leaves aside the fact that volatility in itself, as the second moment of a distribution is not necessarily the best way of capturing the variations in a distribution with heavy tails. However, measuring volatility is necessary for … More Volatility Control : a story of two measures of volatility