The biggest market risk you are not thinking about

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A rite of passage for a budding economist was a role at the World Bank, and the International Monetary Fund. But this job turned out to be far less glamorous and far more academic than she hoped. “I was given a topic, an office, a computer and told to do your regressions. So I would spend six months working on something I can genuinely say no one has ever read,” she says. Fornasari wanted more excitement than that, so she began applying for jobs and as a 26-year-old landed one at Lehman Brothers in New York in late 1998 to...