Last time I was at Hogwarts, I got to sneak a peek at the Sorting Hat. You know, the hat that goes on each student's head while the student is like...
It was a crisp morning – June 28, 2000. The birds were chirping and the Federal Reserve governors were gathering for an FOMC meeting when Fed Chair Alan Greenspan admitted rather nonchalantly that...
Hedge funds and banks use a metric called VaR (Value-at-Risk) to calculate their levels of risk. They do this on individual asset levels, portfolio levels, and entire company levels. This helps them understand how much $ they need to keep in reserves so they don't go bankrupt.