RT Journal Article
SR Electronic
T1 Meta-Risks
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 18
OP 25
DO 10.3905/jpm.2000.319723
VO 26
IS 3
A1 Jack Gray
YR 2000
UL https://pm-research.com/content/26/3/18.abstract
AB In principle, the risks in capital markets are relatively easy to assess and to manage because there is no such thing as a bad capital market risk, only a mispriced one. The author argues that too narrow a focus on those risks misses the equally important “meta–risks,” those that pass beyond capital market risks. Here there are bad ones. They are intrinsically more difficult to identify, assess, and manage because they center around people and organizations and their interactions. For these risks, the author argues that an open dialectic of risk may be the ultimate form of risk management.