Staying all the time in Japan, I tend to focus only on downside risks.
"We're reaching the point where we really question whether there's much more downside risk," he says.
And as I mentioned today, there are downside risks.
The conclusion reached by the papers I've read is that the risk-adjusted outperformance more than makes up for the additional downside risk.
Moreover, significant downside risks persist, including the possibility of a double-dip recession or increased financial difficulties for Banks in the region.
Other downside risks relate to the possibility of renewed increases in highly volatile energy and food prices, disorderly developments owing to global imbalances, and rising protectionist pressures.
His strategy this year has involved shorting financial shares, an approach with greater downside risk.
Nevertheless, downside risks of the debt crisis in Europe remain.
After we can see that the various indicators of capital stock for a bit, and more timid, do not care about downside risk, and some even dare to fight unilateralism trading.