Risk ain't what it used to be

family office leadership summit

Investors have fallen for an elaborate con that risk and volatility are one and the same, said Roger Nightingale, global economist at Millennium Global Partners.

Equating the disparate notions he said was "marketing guff." People who have fallen for it understand neither notion, he added, blaming Markowitz and Sharpe for instigating the lie in order to make their models work.

Actuaries saw through the lie but went along with it, he said, seeing they could profit from it by presenting themselves as

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here