Financial risk is associated with the permanent loss of money. In order to measure the amount of risk a client is dealing with, advisors use maximum drawdown to measure the largest single drop from peak to bottom in the value of a portfolio. It also helps to offer...
Despite how it is spent, a dollar is simply a dollar. Except it’s not. For most people, knowing where a dollar comes from or where it is kept can make the difference in how that particular dollar is spent. In the 1960s, Michael Landsberger, an economist with the Bank...
