Liquidity has become a concern for many institutional investors, who are faced with the trade war aftermath, an oil price war and the COVID-19 outbreak. Based on his experience as Head of Enterprise Risk at the Canadian investment manager AIMCo, Dr Guan Seng Khoo provides here a framework for stress testing liquidity.More Details
One of the most common images of a dolphin is that of it gracefully jumping out of the water. Unlike the ‘fish out of water’, this mammal is amphibiously at ease as it pivots in and out of the water. What’s probably less certain is the reason for this action, with an ongoing debate among scientists.More Details
"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants."
Friedrich August von Hayek