“But I think the tail risks are high today. I think one has…” — Capital Allocators – Inside the Institutional Investment Industry at 47:33
“But I think the tail risks are high today. I think one has to think about tail risk. Small probability but big impact events, including I would say, I think whatever probability you put on having a major war in the world, I think it's always been small in recent years, but however small it is, it's probably double…”
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