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jerryking : personal_beta   4

One Way of Insuring The Risky Business of Life -
APRIL 24, 2003 | WSJ | By DAVID R. HENDERSON. Financial derivatives have, in essence, allowed companies to buy insurance against swings in prices.

Wouldn't it be nice if individuals could join this game, hedging against, say, losses in income or in the equity value of houses? We will probably soon be able to, according to Robert J. Shiller in "The New Financial Order" (Princeton, 366 pages, $29.95).

Mr. Shiller, a finance economist at Yale University, writes that the information-technology revolution is making it easier to get good data on the home prices in various markets and on incomes in various occupations -- and to subject such data to reliable analysis. Once we know the numbers, he argues, we can hedge the risks.
hedging  derivatives  risks  book_reviews  personal_finance  Robert_Shiller  Yale  home_ownership  personal_beta  human_capital  quantified_self 
november 2011 by jerryking
Think Smarter About Risk -
JUNE 14, 2010 | Wall Street Journal | By MOSHE A. MILEVSKY.
Too many investors may be taking big chances with their money because
they aren't considering the most important asset of all: themselves.
"Eventually some clever teenager will develop an iPod app in which users
specify background demographic information about themselves, where they
live, educational achievements, job history, etc. They will then
receive daily updates on the value of their entire personal balance
sheet, including their human-capital value and personal beta. At first
this mark-to-market value of You Inc. will be crude, blunt and
controversial. But over time—and by tapping into the vast array of data
from the clouds—this valuation will be refined to the same level of
accuracy as any closing price on a mutual fund....One thing, though, is
certain: Knowing your personal beta will help you manage your total risk
more effectively. And that is always a safe strategy."
howto  risk-assessment  insurance  massive_data_sets  cloud_computing  personal_finance  derivatives  human_capital  hedging  risk-management  VaR  personal_data  personal_beta  quantified_self  risks  demographic_information 
june 2010 by jerryking
Wealth Matters - Learning How to Hedge Yourself, Not Just Your Portfolio -
March 5, 2010 | New York Times | By PAUL SULLIVAN. “People
have learned in the last few years that their human capital is much more
sensitive to the financial markets than they thought,” said Moshe
Milevsky, a professor of business at York University in Toronto and the
author of the book, “Are You a Stock or a Bond?” (FT Press, 2008).
hedging  human_capital  financial_capital  books  wealth_management  personal_finance  personal_beta  quantified_self  self-worth 
april 2010 by jerryking

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