Simple Rules of Risk Management for the Smart InvestorBook - 2006
From Ron Dembo, advisor to leading banks and hedge funds, and Daniel Stoffman, co-author of the revolutionary bestsellerBoom, Bust and Echo,Upside, Downsideis an accessible guide to the biggest danger facing investors in an increasingly uncertain world: financial risk. As a generation of investors knows, financial markets are vulnerable to events -- from terrorist attacks to epidemics -- that are guaranteed to occur, yet impossible to predict. As markets become more complex and intertwined, investors feel increasingly unsure: how can you safeguard your financial prospects when you can't know what the future will look like? Upside, Downsideis a toolbox to protect yourself from financial risk. Co-authored by a leading financial journalist and a pioneer in the field of risk management who advises the world's major banks, it gives investors access for the first time to the most advanced risk management strategies available, distilled into three simple rules for managing risk. These rules -- Knowing What You Own, Using Multiple Scenarios, and Anticipating Regret -- will allow you to take control of your financial future. You can't banish all the dangers of the world, butUpside, Downsidewill give you the skills to manage them.
Publisher: Toronto : Doubleday Canada, c2006
Branch Call Number: 332.678 DEM 2006
Characteristics: 211 p