01
Value at Risk and its failures
What does VaR deliberately not tell you?
Frontier · Module 13
Risk Management & Crises
Every crisis was preceded by a risk system that reported everything was fine. Study why.
By the end of this module
You can identify the risk that is not in the model — which is the one that matters.
0%0 / 3 complete
02
Leverage, margin and forced selling
Why do sound positions get liquidated?
Primary source★ LandmarkFree
Risk Management Lessons from Long-Term Capital Management ↗Jorion, 2000
Nobel laureates, an unbeatable model, and total failure in four months.
03
2008, in mechanism rather than morality
Which specific link in the chain actually broke?
Primary source★ LandmarkFree
The Financial Crisis Inquiry Report ↗U.S. Financial Crisis Inquiry Commission, 2011
The primary source. Long, and worth it.
Quiz
Not written yet for this module. The lectures above are complete and the module still counts toward your progress.