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Consider the following two events: Consider the following two events happened during this Covid-19 pandemic; firstly, a bank loses RM1 billion from an unexpected lawsuit
Consider the following two events: Consider the following two events happened during this Covid-19 pandemic; firstly, a bank loses RM1 billion from an unexpected lawsuit relating to its transactions with a counterparty in Malaysia, and, secondly, an insurance company loses RM1 billion because of an unexpected decreasing health condition because of the pandemic in Indonesia.Suppose that you have the same investment in shares issued by both the bank and the insurance company. Which loss are you more concerned about? Why?
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