El-Erian: Advisors Need to Manage the Tails
Nov 12, 2010
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By Debra Taylor, CPA/PFS, JD, CDFA
Uncertainty is the predominant theme in today's global economy, says El-Erian. That means investors are more susceptible to tail risk, which cannot be diversified away. He outlines his prescription for safer investing in a "new normal" market.