QOTD: “Other” is the Problem

By Paul Kedrosky · Tuesday, October 27, 2009 ·

Great comment from Mark Marinella of State Street on the important of risk limits in obvious places when investing in fixed income. He argues it all comes down to “other”:

The most important category with the tightest risk limits is “other”. Controlling risk there will save you every time.

[via CFA Institute]