A complete guide forprofessionals with advancedmathematical skills but little orno financial knowledge ...You're smart. Logical. Mathematicallyadept. One of those people who canmake quick work of long, difficult equations.But when it comes to managing a financialportfolio and managing risk, you wond[...]

"Tail Risks" originate from the failure of mean reversion and the idealized bell curve of asset returns, which assumes that highly probable outcomes occur near the center of the curve and that unlikely occurrences, good and bad, happen rarely, if at all, at either "tail" of the curve. Ever since the[...]