But Doktor Sleepless is not Spider Jerusalem; he really is mad, bad, and dangerous to know.
I want to see where Ellis is taking this, but I know it's nowhere good. There is, inevitably, a wiki.
Plight of the Fortune Tellers | Princeton University Press
The interlude with the mothers in vol. Warren Ellis, Crooked Little Vein This is a gross, at times nightmarish, book, but in the end it is really as one of the characters says about the nature of love; as is Dante's Inferno.
Excessive risk taking by banks will lead to failures and it is the role of bank supervisors to try to prevent them. When, despite their efforts, banks do collapse, central banks, which may also be the supervisory authorities, must seek to prevent the problems becoming systemic.
- The Comic Café.
- Politics and Social Theory (Routledge Revivals)?
- La maison de la courtisane Nouveaux Poèmes (French Edition).
- Rebonato on Risk Management and the Crisis - Econlib.
- Plight of the Fortune Tellers Why We Need to Manage Financial Risk Differently - 9780691148175.
It is therefore important that we should have a good understanding of financial risk and that the increasingly complex statistical techniques which have become the standard approach to their assessment should be soundly based. The stakes have never been higher--can you risk it?
Financial risk management is in a state of confusion. It has become obsessively focused on measuring risk. At the same time, it is forgetting that managing risk is about making decisions under uncertainty.
It also seems to hold on to two dangerous beliefs: first, that our risk metrics can be estimated to five decimal places; second, that once we have done so the results will self-evidently guide our risk management choices. They do not.
Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently
Even if they did, our risk metrics cannot be anywhere as precise as they are made out to be. It is because, given the problem at hand, this degree of precision is intrinsically unattainable.
Given what is at stake, this state of confusion is dangerous.