Tuesday, September 9, 2014

Risk Revisited- The Practical Guide to Behavioral Finance

Howard Marks of Oaktree Capital explains the difference between volatility and risk. Although the academic world, and in turn many aspects of the profession, look at volatility and risk synonymously, Marks explains why this cannot be so. Alternatively, you could view the below as a practical guide to behavioral finance.

And Marks' discussion on risk

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