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Michelle and Vox unpack a quiet trap in risk thinking: volatility can often be scaled across time with simple rules, but drawdown cannot. By the end, listeners will understand why a strategy can look orderly on paper, then still become dangerous once path dependence, leverage, and loss clustering enter the picture.
By VoxMichelle and Vox unpack a quiet trap in risk thinking: volatility can often be scaled across time with simple rules, but drawdown cannot. By the end, listeners will understand why a strategy can look orderly on paper, then still become dangerous once path dependence, leverage, and loss clustering enter the picture.