VAR Q09

wake2000 Wrote: ------------------------------------------------------- > 5% probability you will lose at least $5 million - > 5 out of 100 days you will lose more than 5 > 95% confident loss will not exceed $5 million - we > won’t lose more than $5 million on 95 out of 100 > days > > I like this. I was overthinking it before… I agree.