FYI: Kenneth French paces in front of the auditorium. It is entirely filled with investment advisors, from all over the world. He is in the process of telling them that everything they know about risk is wrong. The real measure of risk, he says, isn’t price volatility or any of the statistical tools in common use. It’s something else.
The room is “all ears”—as it should be.
French is a professor at the Tuck School of Business at Dartmouth. He has worked with Nobel laureate Eugene Fama for, well, decades. Both speak at this occasion, which is the annual Advanced Conference for Dimensional Funds Advisors. The event is an investment research tour de force. I love it, even though it makes my head hurt
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/a-better-measure-of-retirement-security
