vik_c - 12:18 pm on Oct 27, 2011 (gmt 0)
No, risk is quantifiable and can be calculated.
Risk is often calculated taking the benchmark of a so-called 'risk-free' return on capital which is usually putting money in banks and 10 year government bonds. When governments start defaulting on their debt and banks start going bankrupt, this 'risk quantification' becomes a delusion. Besides if calculation and math was the only thing that mattered mathematicians would be the richest people in the world. Investing is an art as much as a science. If all these finance guys who come up with these risk quantification theories were as smart as that we wouldn't have this mess.