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Millennials: A generation without risk management but still highly exposed to…
If you were born between 1981 and 1996, you are part of a generation which lives in one of the most volatile times in history and most likely not applying any risk management in your life… although you should.
We can read, hear, or see events that are reshaping the way we live, with abrupt changes in the economy, health, technology, society, political views, education, communications, access to information and the list goes much further.
These changes increase the volatility in which we are taking decisions, no matter how simple or complex the decisions, these are affected by them and most likely without even noticing the effects in our daily life, such as what, how and where we study, marry, work, talk to, invest, spend, etc.
Although the term volatility is not in any way new, it has not yet found the way to be in the scope of many and without noticing could be leading us to unnecessary uncertainty and “luck” bias in daily decisions.
Before going any further, it is better to have a single definition of what volatility is and how it will be described in the following paragraphs.
