Dealing with Financial Risk

Dealing with Financial Risk

3.7 (17 ratings by Goodreads)
  • Paperback
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This book presents the concept of financial risk and the realties of financial risk management. Understanding risk and weighing risk against reward have become central to all commercial activity in particular to the financial markets. The concept of risk management used to refer to exclusively to the insurance industry but it was hijacked by wizards in financial institutions in the 1980s, initially to make their gambling in the markets seem more respectable. Good risk management requires a constant sharpening of one's awareness to new risks and to the probabilities of different outcomes. This guide will increase the reader's risk awareness, by presenting concepts in a simple and entertaining way, and by explaining the endeavors, mistakes and successes of others, as they have tried to identify, measure and simplify risk, and make it work for them. It looks at swaps, futures, options, derivatives, hedging principles, formulas, Monte Carlo simulations, chaos theory, neural networks, Raron (or risk-adjusted rate of return on capital), stress tests, worst case scenarios and all kinds of games that are played in the cause of managing risk. With great panache, color and clarity David Shirreff does a remarkable job of throwing light on one of the most complicated aspects of business and more

Product details

  • Paperback | 256 pages
  • 142 x 208 x 28mm | 399.17g
  • Profile Books Ltd
  • Economist Books
  • London, United Kingdom
  • 1861975910
  • 9781861975911
  • 2,496,116

About David Shirreff

David Shirreff is capital markets editor of The Economist. Previously he wrote about risk for Euromoney and was co-founder of Risk more

Rating details

17 ratings
3.7 out of 5 stars
5 24% (4)
4 35% (6)
3 35% (6)
2 0% (0)
1 6% (1)
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