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Sage advice, that. But for how long will it be followed? "Risk gets forgotten in all bubbles," says Peter Bernstein, an investment adviser and the author of Against the Gods: The Remarkable Story of Risk. "We've been down this particular road before." Indeed, we have. After every other trauma--the 1987 stock-market crash, the savings-and-loan crisis, the meltdown of the Long-Term Capital Management hedge fund--boisterous, unchecked risk-taking eventually rushed back in. "In times like this, people do listen to risk managers," says John Hull, professor of derivatives and risk management at the University...
...went on to explain that these particular strains, originally used in wine production, are responsible for the light cloudiness, complex flavor, and silky texture characteristic of Belgian beers. The practice probably results from Belgium’s location between vinicultural France and beer-loving Germany, the brew-master told the crowd of about...
...Instead of teaching the theory behind probability or standard deviations, Testa shows the students how to apply these skills in the context of particular case studies, for example...
...Democrats have had a particular focus on suburban voters, new voters and southern voters in traditionally Republican areas. They are expecting hand-to-hand, door-to-door combat. Says Jared Leopold, Virginia's communications director for the Democratic party's coordinated campaign: "We are expecting a very close election. [Democratic Senator Jim Webb] won by less than 10,000 votes across Virginia. He won by less than one-half of a percentage point. [Democratic Governor Mark Warner] won by only five points...
...exit pollsters are also getting better training to help them avoid oversampling Democrats. Here is how an exit poll is supposed to work: pollsters stand outside more than 1,000 precincts around the country, all of which have been scientifically chosen to represent a particular area. As voters leave their polling places, the interviewer tries to randomly select about 100 of them to fill out a questionnaire...