Suitable for private investors as well as advisers
By Aberdeen Asset Management
Despite the best efforts of some of the brightest minds from the world's top universities, the ability to quantify and measure risk still eludes us.
That's because risk is more than just a number. The careful investor needs to consider many types of risk – counterparty, liquidity, bankruptcy, risk of fraud, to name a few. Perhaps another reason why risk is so hard to pinpoint may be because it means different things to different people.