{"id":56966,"date":"2009-12-01T08:08:46","date_gmt":"2009-12-01T13:08:46","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/01\/pick-of-the-day-nick-gogerty-post-on-var-financial-risk\/"},"modified":"2009-12-01T08:08:46","modified_gmt":"2009-12-01T13:08:46","slug":"pick-of-the-day-%e2%80%93-nick-gogerty-post-on-var-financial-risk","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/56966","title":{"rendered":"Pick Of The Day \u2013  Nick Gogerty post on VaR &amp; Financial Risk"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedge.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; border-top: 0px; border-right: 0px\" border=\"0\" alt=\"Bill-Coppedge\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/Bill-Coppedge.jpg\" width=\"74\" height=\"109\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; border-top: 0px; border-right: 0px\" border=\"0\" alt=\"original content selection by MortgageNewsClips.com\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/original-content-selection-by-MortgageNewsClips.com.jpg\" width=\"244\" height=\"52\"><\/a> <\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/nickgogerty.typepad.com\/designing_better_futures\/2009\/09\/good-senate-risk-commentary-you-may-have-missed.html\"><img loading=\"lazy\" decoding=\"async\" style=\"border-bottom: 0px; border-left: 0px; border-top: 0px; border-right: 0px\" border=\"0\" alt=\"nick-gogerty\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/nick-gogerty.png\" width=\"365\" height=\"49\"><\/a> <\/p>\n<p>Good Senate Risk Commentary you may have missed &#8211;<\/p>\n<p> has <strong>Nassim Taleb VaR videos<\/strong> of congress testimony <\/p>\n<p>and <strong>Rick Bookstaber&#8217;s VaR testimony link &lt;&lt; read Rick&#8217;s pdf (quick read)<\/strong> <\/p>\n<p>plus this thought from Nick Gogerty &#8211; .<\/p>\n<p>.. My own opinion is that the best way to measure financial risk is to assume it is a function of concentration of opinion or belief. <strong>The more people, models, institutions etc. all believe the same thing to be true the greater the risk<\/strong>. .<\/p>\n<p>Gogerty concludes &#8211; <\/p>\n<p>My own opinion is that the <strong>greatest current systemic risks outstanding are<\/strong>:<\/p>\n<ul>\n<li><strong>The dollar as safe currency<\/strong>, example last years lesson via the flight to quality leads to the <strong>maginot line behavior of today as the USD is now the darling of the carry trade<\/strong>. <\/li>\n<li><strong>Basel II implementations leading to a &#8220;unified&#8221; framework for global banking risk<\/strong>.<\/li>\n<\/ul>\n<p> read it all &gt;&gt;&nbsp; <a href=\"http:\/\/nickgogerty.typepad.com\/designing_better_futures\/2009\/09\/good-senate-risk-commentary-you-may-have-missed.html\">Nick Gogerty&#8217;s Designing Better Futures<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=arz8U3Xa1-4:cWE2EVp3NLQ:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=arz8U3Xa1-4:cWE2EVp3NLQ:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=arz8U3Xa1-4:cWE2EVp3NLQ:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=arz8U3Xa1-4:cWE2EVp3NLQ:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=arz8U3Xa1-4:cWE2EVp3NLQ:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=arz8U3Xa1-4:cWE2EVp3NLQ:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=arz8U3Xa1-4:cWE2EVp3NLQ:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/arz8U3Xa1-4\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Good Senate Risk Commentary you may have missed &#8211; has Nassim Taleb VaR videos of congress testimony and Rick Bookstaber&#8217;s VaR testimony link &lt;&lt; read Rick&#8217;s pdf (quick read) plus this thought from Nick Gogerty &#8211; . .. My own opinion is that the best way to measure financial risk is to assume it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-56966","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/56966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=56966"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/56966\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=56966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=56966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=56966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}