Not exact matches
Moreover, basing your work
merely on formulas that will give you success without
taking risks is simply doing things for the wrong reasons.
Let's assume that the goal of diversification is to reduce our
risk by
taking on new, uncorrelated
risks in order to seek equitylike returns at bondlike
risk — our industry's holy grail — rather than
merely to invest some of our money in low - volatility markets.8 Most would suggest that other risky assets should serve this purpose — if they offer an uncorrelated
risk premium (e.g., if that
risk premium is related to
risk, not to beta).
«The court went
on to say that reckless sexual conduct — involving «voluntary
taking of
risk» and «indifference to consequences» — might be actionable, but
merely negligent (i.e., careless) conduct in which a defendant simply «did not think about possible injury to the plaintiff» is not.
Using house money to facilitate bond trades — or principal
risk -
taking — was far more lucrative than
merely acting
on clients» behalf to execute stock orders.