#360 | Quantifying Sequence of Return Risk with LISA

photo of a black swan with a red beak

Full Article Risk is a fiendishly difficult thing to quantify. In financial theory, risk is usually quantified in terms of standard deviation – the greater the variance, the greater the risk. Famously, Nassim Taleb popularized the idea of “black swan” events that don’t fit into a nice and neat normal distribution but are a regular […]