On Risk Tolerance and Broken Noses

From risk systems for advisors to algorithms used by robo-advisors, quant risk management has gone mainstream. These systems have gone from being housed on supercomputers at large institutions to cloud-based systems with calculations that cost almost nothing. However, as cheap risk modeling revolutionizes the way everyone invests, it is important to keep in mind one crucial two-word question: "So what?" Read more here: https://www.rixtrema.com/blog/on-risk-tolerance-and-broken-noses/ or share your opinion