"We have gone in and taken the assets away from the competent people, given them to the incompetent people and said to the incompetent people, now you compete with the competent people with their money. It’s absurd.”
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it to the test.
Japan has long spoken about the need to address the nation’s aging population and offer better returns to meet growing pension pay-outs. It is finally addressing the problem, and the yen is falling accordingly.