Risky Business: Are There New Ways of Looking at Risk?
Risk and volatility were the words most often heard and discussed by investors in 2011, and looking at the first month of 2012, it appears that this year will be as volatile and filled with risk as was 2011. Since the collapse of Lehman Bros. in 2008, market practitioners and academicians have been trying to understand what went wrong and how to protect us in the next financial crisis. Very important lessons have been learned, and many established theories and assumptions have been revisited and challenged.