The Fundamental Rules of Risk Management

ISBN-13: 9780367381318 / Angielski / Miękka / 2019 / 240 str.

Nigel Lewis

Opis

Requiring no statistical or mathematical background, this work shows how the rules of risk can work to protect and enhance investor value. It explains why "unreason" is the more evil twin brother of greed, describes what leads people to make disastrous investment decisions, and illustrates how high intelligence can trick you into catastrophic losses. With exercises and references at the end of each chapter, the book also presents notable lessons learned to keep your investments safe.

Spis treści

The Behavioral Foundations of Risk Management: Unreason Is the Even Eviler Twin Brother of Greed. The Maleficent Hand of the Men in Gray Suits. The Unpalatable Truth about Risk Management. What You Need to Know, but Nobody Wants to Tell You: What the Textbooks Will Not Tell You about Corporate Governance. The Most Important Lesson a Risk Manager Must Know. A Powerful Secret from Henry Fayol. The Incredible Advantage of a Monocle on Risk. Benefit from the Fable of Spreadsheet City. How to Guarantee Success by Understanding the Nature of Failure. Snake Oil Salesmen, Goat Gonads, and Value at Risk. Index.

O autorze

Nigel Da Costa Lewis is a speaker, writer, and researcher on the uncertainty, risk, and irrational bias found in investing. Dr. Lewis has authored four books as well as numerous articles in international publications, such as the Journal of Investing, Journal of Wealth Management, and Pensions. He earned four master’s degrees from the University of London and a PhD from the University of Cambridge. His current research focuses on asset allocation, impact of fees on retirement savings, maximization of retirement accounts, new forms of diversification, life-cycle investing, intelligent portfolio optimization, and post-retirement optimal asset allocation. Visit www.nigeldlewis.com for more information.