Where Has All The Volatility Gone?

Financial markets can play mind games with you because even periods of relative calm can turn out to be a problem when they cause investors to become complacent. Volatility can be a tricky concept because most investors confuse it with risk downside risk but it can occur on the upside as well. Here’s a piece I wrote recently for Bloomberg talking about both short- and long-term volatility in the markets and how inve…