Sat Jun 14 2025

Greetings and salutations loyal listeners, welcome to what promises to be another exciting addition to our Sayings on Vol and Risk. To set the table, last year, I did a 5-part series with 25 Sayings. These are concise statements I’ve wound up using many times over during the course of my career to help myself and others think about market risk. These pitchy proverbs are market maxims that explore the drivers of unanticipated change in asset prices. With the first 25 saying completed in 2024, I recently added 5 new ones, getting us to 30. This podcast gets us to 35 in total. Hope you enjoy and find interesting. 31. “Risk management suffers from a failure of imagination.” 32. “Markets are a never say never business.” 33. “Broken markets break down.” ~ Mike O’Rourke, Jones Trading 34. “This is not your father’s ETF market.” 35. “Doubt is not a pleasant condition, but certainty is an absurd one.” ~ Voltaire