Risk (Qualitative Finance Book 1)
| Author | : | |
| Rating | : | 4.92 (601 Votes) |
| Asin | : | B01BA0E068 |
| Format Type | : | |
| Number of Pages | : | 182 Pages |
| Publish Date | : | 2015-11-10 |
| Language | : | English |
DESCRIPTION:
RISK is the first book in finance expert Janet Tavakoli's Qualitative Finance series. Her reader-friendly commentaries on complex financial topics break new ground in global finance.Tavakoli's Unique Insights on Risk and Reward”Higher math produces the wrong answer to nine decimal places, and computers spit out the wrong answer faster. Technology churns out numbers that are astonishingly precise even when they are terrifyingly inaccurate.”Learn how to identify risk and opportunities.Identify a bank&r
Phil O. said Breezy, fast, smart, punchy, penetrating, readable -- for better and worse. The title is perhaps too broad. A more accurate (and horribly awkward) title might be, "(1) Where we are now inside the USA financial system in terms of structural problems in USA finance and its regulation, feeding back with agency and information asymmetry problems, posing risks for you as an investor, mainly in reference to fixed income investments and credit risks, and posing broader risks to us all, and ("Breezy, fast, smart, punchy, penetrating, readable -- for better and worse" according to Phil O.. The title is perhaps too broad. A more accurate (and horribly awkward) title might be, "(1) Where we are now inside the USA financial system in terms of structural problems in USA finance and its regulation, feeding back with agency and information asymmetry problems, posing risks for you as an investor, mainly in reference to fixed income investments and credit risks, and posing broader risks to us all, and (2) How post 2008 regulators and regulations haven't fixed a bunch of bad sausage-making by said financial entities." The title's "your" . ) How post "Breezy, fast, smart, punchy, penetrating, readable -- for better and worse" according to Phil O.. The title is perhaps too broad. A more accurate (and horribly awkward) title might be, "(1) Where we are now inside the USA financial system in terms of structural problems in USA finance and its regulation, feeding back with agency and information asymmetry problems, posing risks for you as an investor, mainly in reference to fixed income investments and credit risks, and posing broader risks to us all, and (2) How post 2008 regulators and regulations haven't fixed a bunch of bad sausage-making by said financial entities." The title's "your" . 008 regulators and regulations haven't fixed a bunch of bad sausage-making by said financial entities." The title's "your" . An engaging and sobering read. Marc Ross Risk makes for a thought provoking and timely read, particularly for the less numerate desirous of a better understanding of risk management. Banks, insurers and regulators are all complicit in mismanagement of risk which has left financial institutions wanting for oversight with teeth and their reprobates free to carry on with impunity. Janet Tavakoli without hesitation calls them out. The book appeals as much to the individual as to the institutional investor and risk manager. In finance, unfortunately, prudence and transparency would appear. Death of the Quant David A. Mccrae Alas, poor Quant, I knew him wellIn the olden days when life was truly random, the quant was high priest. His ascension was marked by fraud, in the persons of Greenspan, Rubin Summers and their acolytes. Janet is advocating return to sanity, and analyzing balance sheets and situations to enable better investment decisions. At risk of a little spoliation "If investment returns followed a normal distribution, you would expect a five standard deviation credit event would happen every 7000 years." Or so.Delving into reality, I know of no 7000 year
This high-level perspective should be required reading for CEOs offinancial institutions and their risk officers, compliance personnel,traders, and portfolio management teamsa timeless reference. "Financial Analysts Journal (publication of The CFA Institute)"With her meticulous due diligence and wary eye, Tavakoli has discovered big risks most others have missedpinpoints more than 10 red flags for fraud. By scrubbing fraud from your portfolio, 'you'll outperform almost everyone.' Tavakoli is all about finding problems in advance and identifying opportunities."Think Advisor . Praise for RISK"Unusually ambitious, instructive, and entertaining." The CFA Institute "Rare is the book that is instructive and entertaining, that appeals to a diverse readership, and that accomplishes these feats within 200 pages. Ri