If nothing else, wealth bestows an abundance of freedom, and there appear to be no limits to this liberty. But while the wealthy are not immune from losing money, they retain the luxury of getting others to work and worry on their behalf.
This is most apparent in Hong Kong, home to some of the most ludicrously wealthy people in the world. Their losses during the financial crisis stemmed from a ridiculous optimism that accumulators could never go wrong. When these structured products did, in fact
The week on Risk.net, July 7-13, 2018Receive this by email