Rick Bookstaber, Fabric: A Framework for Risk Management from an Industry Pioneer
The Investors First Podcast
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Is There a Crisis in the Market?
A lot of your work is on financial crises, how they happen and how to think about them. What can you say about these sorts of material risks? Well, there's certain characteristics in market that tend to create vulnerabilities. And vulnerability usually comes from leverage, iliquidity and high concentration. We can't always anticipate what event will occur. But step one is to look at the market and understand how vulnerable it is.
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