The risk manifests usually itself when the (creditor) party tries to reclaim what he feels is rightfully his due. This includes documentation risk and the formation of incomplete or unen- forceable contracts. Lawyers are one of the first row of experts to manage risk. Companies demand and expect a ‘water-tight’ contract to cover eventualities, usually [...]

A very important question is “How much are you willing to pay to have, say, one more yellow egg in your basket?” If you believe blue eggs offer the highest expected rates of return, would you even bring any yellow eggs? Yes! Even if you do not believe that yellow is likely to sell tomorrow, [...]