13. CLIMATE ACTION

The Former Goldman Quant Taking On Climate Change – The Wall Street Journal

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The Former Goldman Quant Taking On Climate Change  The Wall Street Journal

When he managed billions of dollars for Goldman Sachs Group Inc., Robert Litterman used sophisticated mathematical models to control risk. Now he is advising the government, and he believes it isn’t doing enough to avoid serious losses, including taking drastic steps to deal with the coronavirus pandemic.

The coronavirus crisis shows the cost of failing to properly assess risks. “It’s a perfect example of when you have a risk-management problem—it’s urgent, you don’t know how much time you have,” Mr. Litterman said. “With…

Source: wsj.com

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