Notes for trust officers, private bankers and others concerned with estate and trust planning, from a Merrill Anderson Senior Editor and his retired mentor.
Tuesday, June 10, 2014
The Biology of Risk
This Sunday Times column got a lot of attention by revealing why investment advisers can't truly measure their clients' risk tolerance … and why the Fed might do Wall Street a favor by becoming less transparent.
2 comments:
I don't recall anyone saying Alan Greenspan was transparent.
He wasn't. Greenspan's policies may have been questionable, but his inscrutability was apparently spot on.
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