Seeing Tomorrow: Rewriting the Rules of Risk - Rilegato

Dembo, R. S.; Freeman, Andrew

Rilegato

ISBN 10: 0471247367 ISBN 13: 9780471247364

Casa editrice: John Wiley & Sons Inc, 1998

Riassunto

Das Risiko einer Investition vorherzusehen - Herausforderung oder nicht realisierbarer Wunsch? Die Autoren dieses Buches zeigen, wie uns neue Technologien und Innovationen in der Risikobewertung helfen können, die richtige Entscheidung zu treffen, und kombinieren dabei Hilfsmittel aus Mathematik, Finanzwesen, Computerwissenschaften mit ihrer Kenntnis der Kapitalmärkte. Mit vielen Beispielen und Illustrationen.

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Informazioni sull?autore

Senior Vice President and Group Executive, IBMRON S. DEMBO is President and CEO of Algorithmics, Inc., a leading provider of innovative financial risk management software. Prior to founding Algorithmics in 1989, he managed a risk analysis group at Goldman, Sachs, and served on the academic faculties of several universities, including Yale University.

ANDREW FREEMAN manages and edits the financial services division of the Economist Intelligence Unit. From 1994-1997 he was the American Finance Editor for The Economist in New York.

Dalla quarta di copertina

In high-stakes investing and business, success or failure largely depends on how well you play the game of risk-a game in which the rules of competition are constantly being rewritten. Strategies that proved effective in the past are no longer enough to win today. The key to success is not to rely on yesterday's news, but to peer into the future and ask what could happen tomorrow. Presenting a bold new way of thinking about risk, in Seeing Tomorrow Ron Dembo and Andrew Freeman offer a dynamic framework designed to enhance our ability to make important decisions, and consequently change how we manage our investments. By incorporating investors' individual circumstances and tolerances-as well as the unique reasoning behind their decision making-this innovative approach captures much more of how we actually think about risk. From the basic building blocks required for forward-looking risk management, Dembo and Freeman define and explore the roles and significance of such fundamentals as time horizons, risk measures, benchmarks, and scenarios. Once the foundation is laid, these elements are used to construct a solid architecture for risk management and risk-adjusted analysis that is not only general enough to be able to handle a multitude of risks, but also able to present many different measures of risk. With clear-cut explanations and intriguing real-world examples, Seeing Tomorrow leads you step by step through the authors' ground-breaking risk rules. These include: choosing an appropriate time horizon, selecting scenarios, computing Value at Risk (VAR), assessing both the upside and downside of a potential deal, calculating Regret, and compiling a reliable Regret matrix. By combining Regret, Upside, and a measure of our tolerance for risk, the authors demonstrate how these components create a powerful new way of approaching decisions. They offer guidance on very specific real life problems-such as buying a house or suing someone-as well as on broad matters of strategy and investing. Written by two leading authorities in the field, Seeing Tomorrow is a milestone addition to risk literature that will dramatically alter the way you view, identify, and manage risk. It is must reading for investors and decision makers alike.

Dettagli dell?edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 1998
• Lingua: Inglese
• ISBN 10: 0471247367
• ISBN 13: 9780471247364
• Rilegatura: Copertina rigida
• Numero di pagine: 260
• Contatto del produttore: non disponibile