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The Ascent Of Money - Ep. 4 Risky business

The Ascent Of Money -  Ep. 4 Risky business
The roots of the insurance industry in Europe; disasters like Hurricane Katrina expose problems in risk management; the history of hedge funds.In "Risky Business," episode three of the four-part THE ASCENT OF MONEY, economist and historian Niall Ferguson examines the roots of the insurance industry in Europe; how disasters like Hurricane Katrina expose problems in risk management; how countries like Japan and Chile manage risk for their citizens; and the great rewards that can be accumulated through risk with hedge funds.The ability to calculate risk has led to the creation of enormous wealth, or when calculated incorrectly, catastrophic economic fallout. In New Orleans, Ferguson witnesses the destruction still on display from Hurricane Katrina because insurance companies