Birthdays and Investment Risk

By: Nuview Wealth  05-Apr-2012

By John Mauldin

April 4, 2011

"Tail risk (the risk of large losses) is dramatically underestimated by many investors and the tools we have available to manage such risks are hopelessly  inadequate. Financial theory which is taught at business schools and universities all over the world is plainly wrong."

This week we turn to my friend Niels Jensen of Absolute Return Partners in London for our Outside the Box offering, in which he looks at tail risk, Modern Portfolio Theory, and a risk he identifies as Birthday Risk. It is a lively and easy read, which is also designed to make you think about your basic investment principles.

Your loving NYC weather today analyst,
John Mauldin, EditorOutside the Box
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