In the world of risk there are specific things that typically get mentioned–market risk, liquidity risk, interest rate risk and systemic risk. But before you all run away thinking that we're going to get in some mind-numbing conversation about such esoteric concepts…don't fret, we're not.
No, in fact we're going to discuss a different type of risk altogether. One that is much more practical and is very real. Or at least should be very real to us all.
There's one risk that is the most infamous of them all (or should be)…sequence of returns risk. I know we throw around such terminology as if