The Book of Risk

by Dan Borge

• ISBN13: 9780471196709
• ISBN10: 0471196703
• Format: eBook
• Copyright: 2002-03-01
• Publisher: Wiley

Summary

Learn the art--and science--of risk management In this exceptionally lucid, accessible book, one of the most highly regarded industry experts illuminates the delicate process of making decisions in an uncertain world and helps both lay people and professional risk managers understand the role of "risk-management" in their work, their lives, and their businesses. This book will enable professional risk managers to truly grasp the concepts behind their tools, and it will enable their clients (investors) and their coworkers to understand them as well. Handy and easy-to-read, The Book of Risk provides a down-to-earth look at an exciting field that has practical applications for everyone. Dan Borge, PhD (Clinton Corners, NY), was managing director and partner at Bankers Trust Company. He was with Bankers Trust for the last twenty years and was the architect of the first-ever risk management system implemented institutionally--Bankers Trust's renowned RAROC system. Prior to working at Bankers Trust, he designed airplanes at Boeing. He is an aeronautical engineer and has a PhD in finance from Harvard Business School.

Author Biography

Dan Borge was managing director and partner at Bankers Trust Company.

Table of Contents

What Is Risk Management and Why Should You Care?	1	(29)
Beliefs and Preferences	29	(14)
Combining Art and Science: Volatility and Correlation	43	(20)
Fundamental Strategies for Managing Risks	63	(20)
The Enemy Within	83	(18)
Grooming You to Be CEO	101	(32)
The View from the CEO's Chair	133	(52)
You Are in Charge of Your Life---What Are You Going to Do?	185	(36)
Risks and Opportunities	221	(16)
Index	237