50:47

EssentialThe Essential Conversation

Rethinking Risk Management: Avoid Surprise, Not Risk

Featuring Brett Friedman and Michael B. Miller

Jun 29, 2020 • 50 minutes

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Essential

The Essential Conversation

Rethinking Risk Management: Avoid Surprise, Not Risk

Brett Friedman & Michael Miller examine how some sophisticated investors with well-established risk management practices got in a world of trouble.

Featuring Brett Friedman and Michael B. Miller

Jun 29, 2020 • 50 minutes

With recent market moves like the VIX spiking from 15 to 80 in a matter of weeks or oil futures trading at preposterous negative levels, taking even the most experienced professionals by surprise, many individuals and firms lucky enough to have avoided total collapse are rethinking their approach to risk management. In this interview, risk management consultants Brett Friedman of Winhall Risk Analytics and Michael Miller of Northstar Risk reexamine the recent carnage, with a particular focus on how variance swaps got a handful of sophisticated investors with well-established risk management practices in a world of trouble. Together they discuss why systematic vol selling has become the flavor of the day, debate whether these complex products are suitable for pension funds regardless of their sophistication, and put forward the idea that unbiased post-mortem trade analysis is as important for winning trades as it is for losing ones. Filmed on June 23, 2020. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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