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And because they are not backed by any real asset, cryptocurrencies increase in value as the demand for them rises. When more individuals choose to buy in, VCs and crypto executives watch their own portfolios trend up and to the right.
It’s Okay to Opt Out of the Crypto Revolution
technologyreview.com
The primary critique of VaR is that the underlying risks associated with financial markets are not as predictable as a coin flip or even a blind taste test between two beers. The false precision embedded in the models created a false sense of security. The VaR was like a faulty speedometer, which is arguably worse than no speedometer at all. If you place too much faith in the broken speedometer, you will be oblivious to other signs that your speed is unsafe. In contrast, if there is no speedometer at all, you have no choice but to look around for clues as to how fast you are really going.
Naked Statistics
Charles Wheelan
Inching your way to your destination on a bus while cars pass you by is an advertisement for a car.
Free Fares vs. More Service
Darrell Owens
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