The unequal struggle: Part 2, unlimited downside and limited upside
[Continued from yesterday's Part 1.]
“A short option position with unlimited downside and limited upside”
– Anonymous risk manager, describing the career implications of rejecting a deal
Yesterday’s post featured the anonymous confessions, published in The Economist, of a risk manager giving a fear’s-eye view of recent turmoil in the capital markets. They’d had a nasty scare in [...]
