Lisa Goldberg facts for kids

Lisa Goldberg is an expert in finance and statistics. She works at the University of California, Berkeley. There, she helps lead research at the Center for Risk Management Research. She is also an Adjunct Professor of Statistics. She helps direct a group called the Consortium for Data Analytics in Risk at UC Berkeley.

What Lisa Goldberg Studies

Early Math Work

In the 1980s, Lisa Goldberg studied complex math problems. These problems were about how different systems change over time.

Working in Finance

In 1993, Lisa Goldberg started a career in "quantitative finance." This means she uses advanced math and statistics to understand and manage money and investments. She believes it's important for universities and businesses to work together on this kind of research.

In the early 2000s, she helped create a new way to understand the risks of complex financial products. These products are like special agreements about loans and debts.

Managing Risk in Tough Times

Starting in 2006, Lisa Goldberg and her team developed special tools. These tools help manage financial risks, especially during big market ups and downs. They even got patents for some of these important tools. A patent means they invented something new and useful.

During the 2008 financial crisis, Lisa Goldberg warned people. She said it was risky to rely too much on certain math models. These models didn't always show the full picture of financial dangers.

Looking at Investment Strategies

After the 2008 financial crisis, some investment strategies became popular. One was called "risk parity." Lisa Goldberg and her team studied these strategies carefully. They found that over a long time, these strategies were not always better than traditional ones. This was especially true when you considered the costs of borrowing money and trading.

Their research also showed that these strategies could be risky. This was true if the amount of money borrowed changed at the same time as the investment returns. They also pointed out that strategies involving bonds could be very vulnerable. This is especially true when interest rates go up.

Awards and Recognition

Lisa Goldberg has received several important awards for her work.

• In 1987, she received a Sloan Research Fellowship. This is a special award for young scientists.
• In 2012, she won the Graham and Dodd Scroll Award. She received it for her excellent research and financial writing. This award was for an article in the Financial Analysts Journal.

Personal Life

Lisa Goldberg is married to a mathematician named Ken Ribet.