{"id":2863,"date":"2008-11-06T10:32:16","date_gmt":"2008-11-06T14:32:16","guid":{"rendered":"http:\/\/chimeraobscura.com\/vm\/?p=2863"},"modified":"2008-11-06T10:32:16","modified_gmt":"2008-11-06T14:32:16","slug":"a-quantum-of-risk","status":"publish","type":"post","link":"http:\/\/chimeraobscura.com\/vm\/a-quantum-of-risk","title":{"rendered":"A Quantum of Risk"},"content":{"rendered":"

There’s an article in yesterday’s NYTimes<\/em> about how risk models as used by finance companies fail to account for human behavior<\/a>. It’s nothing new, but it’s worth a read, especially because it includes a quote that should go up on every investor and business-owner’s wall:<\/p>\n

If you are making a high return, I guarantee you there is a high risk there, even if you can\u00e2\u20ac\u2122t see it.<\/p>\n

— Richard R. Lindsey, president, Callcott Group<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

There’s an article in yesterday’s NYTimes about how risk models as used by finance companies fail to account for human behavior. It’s nothing new, but it’s worth a read, especially because it includes a quote that should go up on every investor and business-owner’s wall: If you are making a high return, I guarantee you … <\/p>\n

Continue reading “A Quantum of Risk”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27],"tags":[429,430],"class_list":["post-2863","post","type-post","status-publish","format-standard","hentry","category-big-business","tag-richard-r-lindsey","tag-risk"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4C7K-Kb","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":5548,"url":"http:\/\/chimeraobscura.com\/vm\/unrequired-reading-august-20-2010","url_meta":{"origin":2863,"position":0},"title":"Unrequired Reading: August 20, 2010","author":"Gil","date":"August 20, 2010","format":false,"excerpt":"Another week, another bout of Unrequired Reading. You really should get shots for this. Ray Kurzweil's brain may be reverse-engineerable, but the rest of us are way too complex for that. * * * Speaking of oversimplifying technology trends . . . * * * You thought the BP oil\u2026","rel":"","context":"In "Comic books & strips"","block_context":{"text":"Comic books & strips","link":"http:\/\/chimeraobscura.com\/vm\/category\/literature\/comics"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1971,"url":"http:\/\/chimeraobscura.com\/vm\/risk-mismanagement","url_meta":{"origin":2863,"position":1},"title":"Risk mismanagement","author":"Gil","date":"March 31, 2008","format":false,"excerpt":"I believe the researchers in question work at the Institute of No Shit, Sherlock:","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1539,"url":"http:\/\/chimeraobscura.com\/vm\/utilitarianism","url_meta":{"origin":2863,"position":2},"title":"Utilitarianism","author":"Gil","date":"June 6, 2007","format":false,"excerpt":"Every summer, when we get rolling on the annual Top 20 Pharma \/ Top 10 Biopharma report, my trusty associate editor compiles pipeline information for the past year. While I suss out sales figures and try to parse the arcana of accounting, she puts together lists of new drugs that\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1868,"url":"http:\/\/chimeraobscura.com\/vm\/risky-business","url_meta":{"origin":2863,"position":3},"title":"Risky Business","author":"Gil","date":"January 29, 2008","format":false,"excerpt":"It's gettin' so a businessman can't expect no return from a fixed fight. Now if you can't trust the fix, what can you trust? For a good return, you gotta go bettin' on chance, and then you're back with anarchy. Right back inna jungle. \u00e2\u20ac\u201dJohnny Caspar, Miller's Crossing In the\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=0312420366","width":350,"height":200},"classes":[]},{"id":1825,"url":"http:\/\/chimeraobscura.com\/vm\/changents","url_meta":{"origin":2863,"position":4},"title":"Changents","author":"Gil","date":"December 19, 2007","format":false,"excerpt":"David Byrne on the economics of the music industry: Of course, not everyone is as smart as those nerdy Radiohead boys. Pete Doherty probably should not be handed the steering wheel. Andrew Wylie on the economics of the literary publishing industry: Um, it's a very small business, there's not that\u2026","rel":"","context":"In "Art"","block_context":{"text":"Art","link":"http:\/\/chimeraobscura.com\/vm\/category\/art"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1081,"url":"http:\/\/chimeraobscura.com\/vm\/achieve","url_meta":{"origin":2863,"position":5},"title":"Achieve","author":"Gil","date":"August 16, 2006","format":false,"excerpt":"According to this NYTimes article, my coffee habit may reduce my risk of getting type 2 diabetes, cirrhosis, liver cancer and, if I were a chick, cardiovascular disease. Hooray, coffee! I like that one of the reviewers of the article is named Rob Van Dam.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/2863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/comments?post=2863"}],"version-history":[{"count":1,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/2863\/revisions"}],"predecessor-version":[{"id":2864,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/2863\/revisions\/2864"}],"wp:attachment":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/media?parent=2863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/categories?post=2863"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/tags?post=2863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}