Goldman Sachs (GS) took its value-at-risk down to $86M in 2012, 24% below 2011, and the lowest...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman Sachs (GS) took its value-at-risk down to $86M in 2012, 24% below 2011, and the lowest level in 7 years, according to its 10-K filing. VaR measures how much a firm can lose in a day with 95% confidence. It works wonderfully except in the panicky times when it's most needed.