Who Cares About Risk Management?

Call it the aftermath of a covid period where fears for one’s own life had reached its paroxysm. As a result, nothing seems scary anymore. Certainly not market risk, where an insatiable thirst for life has gripped everyone.

The epitome of this surrounding craziness is best exemplified by Cathie Wood’s ARKK fund, down 26% from mid-Feb21 peak, but still 115% over the past year (!). It is super-charged with…

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