To place this in a simple example, if you want to get picked for the basketball team, you're looking to be taller than other people; increasing everyone's height by 3 inches doesn't uniquely benefit ...

Last week I completed my first self-supported, multi-stage, ultra-marathon “race” in Lapland, above the Arctic Circle. After more than 50 previous ultras, none of which have lasted more than a couple ...

Absolute income is your total earnings from all sources. Factoring in relative income helps assess financial status against peers. Increasing absolute income allows more saving and investment, so you ...

As the comedian Louis CK quipped some time ago, "Everything is amazing right now and nobody is happy." In that instance he was referring to the massive technological improvements that have arisen in ...

Absolute returns or relative? There is a very important difference. Most investors say they want the latter, in reality, they want the former. The problem is they are unaware of the risk they are ...

Risk measurement models often attempt to project the behavior of the yield curve based on historical rate movements. But the assumptions that go into such modeling could often produce misleading ...