Risks you can’t plan for

A couple of news stories last week reminded me that there are some risks in life and in investing you can’t adequately plan for.  Seemingly rare events have big consequences –both positive and negative—and are a key to understanding financial markets and history itself.    This is the basic thesis of a book published several years

This Week with J. Mark Nickell & Co. – September 3, 2014

The Napa earthquake reminded us this week of our restless earth, about the unpredictability of external shocks to the market, and how we don’t need to be lulled to sleep when volatility is relatively low. Three Investing Lessons from the Napa Earthquake.  Stocks and other risky assets have been doing particularly well the last few