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by rpowell64
August 10th, 2009, 4:02 pm
Forum: General Forum
Topic: Complexity versus Simplicity in Risk Management
Replies: 8
Views: 37059

Complexity versus Simplicity in Risk Management

<t>I would favor a Risk Manager with a lot of practical, real-world experience on a trading desk vis a vis someone with a PHd in a quantitative discipline with no experience. However, I do not agree that ex-traders make the best risk managers. While ex-traders do have desirable practical experience,...
by rpowell64
August 7th, 2009, 2:18 pm
Forum: General Forum
Topic: Complexity versus Simplicity in Risk Management
Replies: 8
Views: 37059

Complexity versus Simplicity in Risk Management

<t>It appears to me that the entire risk management profession has gotten carried away with mathematical wizardry. No where is this more evident than in the constantly mutating Value-at-Risk metric. At this point, there must be at least 100 variations on the original VaR concept. This complexity was...