Taleb on Value-at-Risk

Towards the end of each year, the Economist magazine comes out with an annual publication with predictions for the next year.  This year’s issue of ‘The World in 2013’ carries an article by Nassim Nicholas Taleb with some profound and rather interesting suggestions.

Trend vs Noise

Came across this very interesting 1 minute video explaining the difference between noise and trend. Couldn't be made more intuitive. https://www.youtube.com/embed/e0vj-0imOLw https://www.youtube.com/embed/e0vj-0imOLw

The Essence of Risk Management

Here is an interesting extract from Lloyd Blankfein’s testimony to the Financial Crisis Inquiry Commission on Goldman’s risk management practices.  I would not want to add much by way of editorial comment here, except that Lloyd Blankfein gets to the heart of risk management – which isn’t about fancy math or regulation alone.

PRM and Getting a Job

A question that arises in the mind of any PRM holder or candidate is how having the designation affects his (or her) job prospects. Can it help find a better job, get a promotion, a payrise, or for someone not working in the risk field, can it help them gain an entry into the profession? Well, like everything, it depends.