# Working Backwards

I came across an interesting problem in the book How to Solve It by G.Polya. How can you bring up from the river exactly six quarts of water when you have only two containers, a four quart pail and a nine quart pail, to measure with? Given below are the containers. Notice that they are not…

# Risk vs Volatility

Most of us think that volatility is same as risk. Given a choice we prefer to work for the government or some big corporations. We prefer holding cash and fixed instruments instead of equities. Why? These options are less volatile and hence we consider them as less risky. This assumption is incorrect. Volatility is not the…