This Low Volatility is Dangerous for the Markets
I was invited to speak at a conference recently. As I was presenting my ideas about generating alpha, some folks were nodding their heads gently in approval, some were doing their BlackBerry prayer, and some were simply “not present”. Typically that’s how it would end: some exchange of ideas, a nice conversation, but no more. But I had more to say. I started talking about volatility and how it effects …