Unhedgeable Risks in CDO Tranches Exposed During Credit Crisis.
The article compares different ways to protect investments in complex financial products during a financial crisis. The researchers found that not all risks can be avoided, and simpler strategies can sometimes work better than complicated ones. They also discovered that sudden big changes in financial markets don't always happen when expected. Overall, using broad strategies with a group of investments seems to be more effective than focusing on individual ones.