David Kotok's definition of moral hazard: "The action is done today and the price is determined...
David Kotok's definition of moral hazard: "The action is done today and the price is determined later; after the chickens have come home to roost." By that time, the leaders who brought on the moral hazard are gone, and those who inherit the mess get the blame. "Government only knows how to run up small losses until they are huge."
From other sites
at CNBC.com (Aug 8, 2014)
at CNBC.com (Mar 4, 2014)
at CNBC.com (Aug 6, 2013)
at CNBC.com (May 25, 2010)
at CNBC.com (May 11, 2010)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs