AAA AI - Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 My Account AI lab ratings, hourly levered ETFs, Treasury selling Treasury futures and egg fines. I think sometimes, in our age of artificial intelligence, about two opposing theories of asset pricing. One is the standard academic theory, which is that investors demand compensation for correlated returns. An asset that will pay back your money 98% of the time, but will give you zero in the 2% of cases where there’s a big market crash, is bad: It loses money at the worst possible time, the time when all your other assets lose money and you really need money. An asset that will pay back your money 98% of the time, but will give you zero in some random 2% of cases — when there’s a hurricane in the Caribbean, when the Bengals win