Rob Schaap wrote: >Onya, Doug! Although I hadn't realised enough NASDAQ companies were >projecting dividends to allow the calculation. And would that be Fisher >Black, the dude you chide in WS for calculating risk in terms of deviation >from an expected return, rather than factoring in a notion inferred by the >rest us when we hear the word; ie. 'loss'?
The very same Fisher Black. Most of the time - 99% or more - those sort of risk calculations work. But 1% isn't that small a number - it's about two trading days a year, when hell can break loose. Just ask LTCM. Doug
