#risk management

The modern world is a mathematical achievement. This is the story of the minds – Fibonacci, Pacioli, Fermat and more – that guided us here.

Did you see this headline last week? Norinchukin Bank, a Japanese bank, is selling $63B worth of US and European Government Bonds. The reason is that the bank wants to stem losses from low-yielding foreign government bonds it has purchased in the aftermath of Covid. But hey, if they held the bonds until maturity, there […]