Vineer Bhansali focuses on three main themes in this book, which came to a logical punctuation point by the end of 2022 as bond markets cratered, central bank credibility was under attack, and inflation made a major comeback. The first theme is that central banks, as a collection of human decision makers with their own dogma, are prone to making major analytical and decision errors, and this can have consequences for investment portfolios. The second theme that follows from the first theme is that it is impossible to rely on traditional models for valuing assets when the world is undergoing an unprecedented transformation. The third theme is that in a world of unexpected, unprecedented transformation, risk measurement and risk management cannot be passive, but has to be very active and deliberate. Expecting the unexpected requires one to do something about it as an active decision.
Please find the full book written by Vineer Bhansali at this link : Expecting the Unexpected by Vineer Bhansali