The Unpredictability of Black Swans in Emerging Markets
Document type: Interview
Languages: Spanish / English
As investors everywhere lose money to the financial crisis, many are wondering whether large catastrophic market swings, known as “black swans,” could ever be predicted with any degree of accuracy. IESE Prof. Javier Estrada considers the impact of outliers in emerging markets and finds that they can have a massive impact on the long-term performance of investors’ portfolios.
Bibliographic citation: IESE Insight, "The Unpredictability of Black Swans in Emerging Markets"