Discover how tail risk impacts portfolios, why rare financial events matter, and strategies for safeguarding investments against significant, unexpected losses.
Over the last 15 years, the best 2.3% of S&P days provide returns equal to all 15 years’ returns; the worst 2.3% of days give back 2.1 times that. If you could eliminate the worst days while ...
The well known acceptance/rejection algorithm for generating random values on a computer is specialized for distribution tails. Using an exponential majorizing function and a linear minorizing ...
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