Stranded Assets Risks: Should Investors Heed Bob Litterman’s Warning? | The Huffington Post
August 9th, 2016
Bob Litterman knows a thing or two about risk. After all, the Black-Litterman model, which was designed to measure and manage financial risk, is named after him. These days, the risk he’s most concerned about is climate change. Climate risk is a non-diversifiable risk most investors have not fully grasped and policy makers have not priced. It is crucial, Litterman believes, that risk be priced.