Chris Sandford commented on Boris Agranovich's blog post Risk comes from not knowing what you are doing
"I don't wish to be harsh but I think the remark by Warren Buffet - and its use here is well short of the mark. To get Rumsfeldian, not knowing what you are doing goes into the 'unknown' category. You could be taking a rewarded risk - or the…"
Nov 4, 2015
Chris Sandford commented on Tobias Voigt's blog post FRTB: Replacing VaR with Expected Shortfall in market risk
"One number cannot summarise the distribution of outcomes. The assumptions about the distribution of outcomes, especially extreme ones and their (lack of) correlation is paramount. This is 10 years+ of window-dressing. To mix metaphors, the next load…"
Oct 15, 2015
Chris Sandford replied to Sarang Manzoor Memon's discussion World Universal Currency
"Daft as a bunch of Euros."
Mar 6, 2015

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