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Morgan Stanley proves Value at Risk models still sketchy
So what does his all mean in the end? The models make it easy to underestimate risk. And perhaps even worse, people who understand how Value at Risk calculations really work can tweak their models to make it look as though everything is A-okay, even if it isn’t.
http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/morgan-stanley-proves-value-at-risk-models-still-sketchy/article4621732/?_rob_utm_medium=twitter