Dear Garden State Trust: What is “ESG investing”? Is it a good idea? Can it be used in a trust? —Novice Investor Dear Novice: Some investors hope to align their investments closely with their social values. Once upon a time, that might have meant not investing in tobacco or liquor companies, but now there is…
Month: February 2023
Quantifying Risk
Ronald Howard, A Stanford professor, introduced the “micromort” in 1980 to measure the impact that particular behaviors have on the risk of death. He assessed individual actions and decisions at a very small scale to see how it all adds up, by utilizing a microprobability (a one-in-a million chance of some event) to quantify how…