Risk (Qualitative Finance Book 1)
| Author | : | |
| Rating | : | 4.97 (809 Votes) |
| Asin | : | B01BA0E068 |
| Format Type | : | |
| Number of Pages | : | 110 Pages |
| Publish Date | : | 2014-02-20 |
| Language | : | English |
DESCRIPTION:
Breezy, fast, smart, punchy, penetrating, readable -- for better and worse 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. "An engaging and sobering read." according to 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 financ. Death of the Quant 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 ye
"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. 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. Risk: Your Global Guide is such a book. By scrubbing fraud from your portfolio, 'you'll outperform almost everyone.' Tavakoli is all about finding problems in advance and identifying opportunities."Think Advisor . This high-level perspective should be required reading for CEOs offinancial institutions and their risk officers,
RISK is the first book in finance expert Janet Tavakoli's Qualitative Finance series. Technology churns out numbers that are astonishingly precise even when they are terrifyingly inaccurate.”Learn how to identify risk and opportunities.Identify a bank’s biggest risksManage the risk of short positions A new big short and how to find the next big shortThe huge hole in the Efficient Market HypothesisThe most important analysis to reduce portfolio riskRed flags for fraudThe paramount concept omitted from texts on riskThe major myth in Modern