Description: This article is about real estate as an alternative source of return and income. From Risks and Rewards Newsletter, August 2006, Issue No. 48.

Description: Feature article discussing Nassim Taleb’s black swan theory. Taleb points out that banks keep their loans at full value - anchored to the book value of the loan. The solution to the problem is to use mark-to-market reporting and have volatility instead of having no volatility and then experiencing a Black Swan event.

Description: Read the June 2020 issue of Risks & Rewards published by the Investment Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: A feature article discussing the financial opportunities of investing in gold.

Description: Extracting Inflation Expectations from Bond Yields by Frank A. Schmid from Risks and Rewards Newsletter, April 2000, Issue No. 34.

Description: This article highlights the Annual Meeting Session 39 on the Equity Risk Premium (ERP), mentions related sources. Further, it asks whether in the future we will no longer regard the ERP as a single monolithic entity but as a mosaic of premia, and also whether individual investors presently are too optimistic.

Description: This article discusses credit default options, the applications, pricing and hedging default risk.

Description: The article discusses C1 risks in five areas: 1 the economics of risk, 2 portfolio optimization, 3 policy, 4 risk interaction and 5 institutional aspects of C1 risk.

Description: The article is a re-cap of the Chairman's last three years as a member of the Investment Section Council.

Description: Pension Forecasts, Part II: The Model Has No Clothes by Lawrence N. Bader from Risks and Rewards Newsletter, July 2001, Issue No. 37.