Risk Management Books

Against the Gods: The Remarkable Story of Risk

Peter L. Bernstein

Amazon Price: $13.57 List Price: $19.95 Usually ships in 24 hours By: Wiley Amazon Marketplace: 118 new & used starting at $4.85

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General AAS
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management

Customer Reviews:
Total reviews: 155 Average rating: 4.0 of 5

Editorial Review:

A Business Week, New York Times Business, and USA Today Bestseller

"Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." -The New York Times

"An extraordinarily entertaining and informative book." -The Wall Street Journal

"A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." -Business Week

"Deserves to be, and surely will be, widely read." -The Economist

"[A] challenging book, one that may change forever the way people think about the world." -Worth

"No one else could have written a book of such central importance with so much charm and excitement." -Robert Heilbroner author, The Worldly Philosophers

"With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard University

In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today.

"An extremely readable history of risk." -Barron's

"Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." -Money

"A singular achievement." -Times Literary Supplement

"There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." -The Australian

Trading Options For Dummies (For Dummies (Business & Personal Finance))

George A. Fontanills

Amazon Price: $16.49 List Price: $24.99 Usually ships in 24 hours By: For Dummies Amazon Marketplace: 46 new & used starting at $11.88

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General AAS
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management

Customer Reviews:
Total reviews: 3 Average rating: 2.5 of 5

Editorial Review:

Thinking of trading options, but not sure where to start? Trading Options For Dummies starts you from the beginning with clear, step-by-step advice on how to use top option strategies to reduce your risk while boosting your income and enlarging your retirement portfolio with index, equity, and ETF options.

This plain-English guide explains the common types of options and helps you choose the right ones for your investing needs. You find out how to weigh option costs and benefits, combine options to reduce risk, and build a strategy that allows you to gain no matter what the market may bring. You’ll learn the basics of market and sector analysis and what to look for when trying out a new option strategy. You’ll also find what you need to know about options contract specifications and mechanics. Discover how to:

• Understand option contracts and orders
• Determine and manage your risk
• Guard your assets using options
• Trade options on securities exchanges
• Protect your rights and satisfy your contract obligations
• Target sectors using technical analysis
• Minimize potential losses and optimize rewards
• Map out your plan of attack
• Limit your downside when trading the trend
• Combine options to limit your position risk
• Benefit from exchange traded funds
• Key in on volatility for trading opportunities
• Capitalize on sideways movements

Trading options is serious business. Trading Options For Dummies gives you the expert help you need to succeed.

The Essentials of Risk Management

Michel Crouhy, Dan Galai, Robert Mark

Amazon Price: $26.37 List Price: $39.95 Usually ships in 24 hours By: McGraw-Hill Amazon Marketplace: 41 new & used starting at $22.99

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Finance -> Corporate Finance
Subjects -> Business & Investing -> Industries & Professions -> Banks & Banking
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management

Customer Reviews:
Total reviews: 6 Average rating: 4.5 of 5

Editorial Review:

Risk management is no longer confined solely to risk management specialists. Stakeholders ranging from employees to investors must understand how to quantify the tradeoffs of risk against the potential return. The failure to understand the essential nature of risk can have devastating consequences.

Globally renowned risk and corporate governance experts Michel Crouhy, Dan Galai, and Robert Mark have updated and streamlined their bestselling professional reference Risk Management to introduce you to the world of risk management without requiring you to know the intricate formulas and mathematical details.

The Essentials of Risk Management is the first book to make even the most sophisticated risk management approaches simultaneously accessible to both risk and non risk professionals. It will help you to:

• Increase the transparency of your risk management program to satisfy shareholders, employees, regulators, and other important constituencies
• Keep on top of the continuing evolution of best-practice risk policies and methodologies and associated risk infrastructures
• Implement and efficiently communicate an organization-wide Enterprise Risk Management (ERM) approach that encompasses market, credit, liquidity, operational, legal and regulatory, business, strategic and reputation risks
• Navigate thorny areas including risk policies, risk methodologies, economic capital, regulatory capital, performance measurement, asset-liability management, and more
• Efficiently allocate limited corporate resources to comply with the new generation of risk regulation and corporate governance regulation

As a non-risk professional or board member, you are being called on more than ever before to make sophisticated assessments of your organization's risk exposures as well as play a critical role in its formal risk management process. The Essentials of Risk Management tells you what you need to know to succeed in this challenging new environment.

The New Financial Order: Risk in the 21st Century

Robert J. Shiller

Amazon Price: $16.29 List Price: $23.95 Usually ships in 24 hours By: Princeton University Press Amazon Marketplace: 48 new & used starting at $6.92

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Economics -> Theory
Subjects -> Business & Investing -> Finance -> General AAS
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General

Customer Reviews:
Total reviews: 20 Average rating: 3.5 of 5

Editorial Review:

In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future.

Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition.

Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.

A Trader's Money Management System: How to Ensure Profit and Avoid the Risk of Ruin (Wiley Trading)

Bennett A. McDowell

Amazon Price: $44.10 List Price: $70.00 Usually ships in 24 hours By: Wiley Amazon Marketplace: 45 new & used starting at $36.38

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management
Subjects -> Business & Investing -> Investing -> Futures
Subjects -> Business & Investing -> Personal Finance -> General

Customer Reviews:
Total reviews: 22 Average rating: 4.5 of 5

Editorial Review:

Money management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning oneand take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into:

• The psychology of risk control as well as the finer aspects of setting stop-loss exits

• The value of managing trade size and consistent record keeping

• The process of putting together your own personal money management system

Unlike other books that focus on the complex mathematical theories behind money management, this book presents its system in straightforward, easy-to-understand terms that will allow you to quickly see how these concepts workand immediately benefit from the value of effectively managing risk.

Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project

Tom Kendrick

Amazon Price: $21.75 List Price: $32.95 Not yet published By: AMACOM

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management
Subjects -> Business & Investing -> Management & Leadership -> Management
Subjects -> Business & Investing -> Management & Leadership -> Project Management

Customer Reviews:
Total reviews: 12 Average rating: 5.0 of 5

In search of good books on managing project risks 3 out of 5 stars.
4 of 4 people found this review helpful.

This book provides an overview on how to manage certain types of project risks (some risks are not covered, e.g. financial) and, implicitly, only IT projects and not other types of projects (e.g. construction). Like many books on this topic, the treatment is uneven. The strengths are its logical structure and clear exposition. I knocked off 2 stars because a) there is a disconnect between the text (mostly IT-related) and case study (building of Panama Canal), and b) neglect of contractual issues, the key instrument of risk management. This is the book for you to read if you have no idea about project risk management.

Editorial Review:

Between time constraints, technical challenges, and limited resources, nearly all projects are risky. It stands to reason that project risk management is one of the most important areas making up the Project Management Body of Knowledge (PMBOK[registered]). "Identifying and Managing Project Risk" is an immensely practical guide that helps readers minimize the possibility of failure in critical projects by identifying every possible risk ...and then managing it effectively.

Loss Models: From Data to Decisions (Wiley Series in Probability and Statistics)

Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot

List Price: $115.00 By: Wiley-Interscience Amazon Marketplace: 22 new & used starting at $11.95

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> General
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> General AAS

Customer Reviews:
Total reviews: 6 Average rating: 5.0 of 5

Editorial Review:

A modern practical guide to building and using actuarial models.

Loss Models: From Data to Decisions is organized around the principle that actuaries build models in order to analyze risks and make decisions about managing the risks based on conclusions drawn from the analysis. In practice, one begins with data and ends with a business decision. The book flows logically from this principle. It begins with a framework for model building and a description of frequency and severity loss data typically available to actuaries. Parametric models are emphasized throughout.

The frequency and severity models are used in building aggregate loss models, in credibility-based pricing models, and in loss analysis over multiple time periods.

Designed as both an educational text as well as a professional reference, Loss Models:

• Assumes little prior knowledge of insurance systems
• Features many fascinating examples taken from insurance files
• Contains a major instructive case study continued through each chapter
• Covers the classical areas of risk theory and loss distributions
• Gives a practical but rigorous treatment of modern credibility theory
• Uses standard statistical concepts, methods, and notation
• Provides modern computational algorithms for implementing methods
• Includes free companion software available from an FTP site
• Deals with many topics on CAS 4B and SOA 151 and 152 actuarial exams
• Includes many exercises based on past CAS and SOA exams.

Risk Management, Tricks of the Trade for Project Managers

Rita Mulcahy

Amazon Price: $43.47 List Price: $69.00 Usually ships in 24 hours By: RMC Publications, Inc. Amazon Marketplace: 28 new & used starting at $40.25

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management
Subjects -> Business & Investing -> Management & Leadership -> Project Management
Subjects -> Business & Investing -> General

Customer Reviews:
Total reviews: 10 Average rating: 4.0 of 5

Editorial Review:

If you want to make a big difference on projects, risk management is it.

This practical and easy-to-use Course in a Book by Rita Mulcahy, author of the best selling PMP Exam Prep book, is based on years of project experience and teaching risk management to IT, IS, construction, new product development, aerospace, manufacturing, e-business and utility professions.

It contains Tricks of the Trade from 141 world wide contributors and international risk research. It includes subjects and innovative tricks that no one else has written about. The methodology prevents many of the problems faced on projects and shows how to do it, not just what to do.

Over a thousand sample risks and risk categories are included to help you identify risks that you have not previously thought about. Use and modify the included templates to your projects. Risk Management, Tricks of the Trade for Project Managers includes exams, games and exercises that utilize adult and accelerated learning to increase your knowledge in fast and fun ways.

Information in this book will help you prepare for the PMP and CAPM exams. Access to RMC's new Risk Website will be included to all book purchasers.

Trading Futures For Dummies (For Dummies (Business & Personal Finance))

Joe, MD Duarte

Amazon Price: $16.49 List Price: $24.99 Usually ships in 24 hours By: For Dummies Amazon Marketplace: 54 new & used starting at $13.66

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General
Subjects -> Business & Investing -> Industries & Professions -> Accounting -> General AAS
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management

Editorial Review:

Explore single-stock futures, ETFs, and alternative energy futures

Protect your assets and maximize your profits in this risky yet lucrative market

Want to take advantage of the futures market? This plain-English guide gives you the surefire strategies you need to be a successful trader, with up-to-the-minute advice on the various types of futures, conducting research, finding a broker, entering and exiting positions, and minimizing your losses. You also get bearish and bullish strategies and tips for trading online.

Discover how to:

• Understand trends in the global economy
• Use charting patterns and indicators
• Execute successful trades
• Set realistic goals
• Avoid common trading pitfalls
• Keep your downside risk under control

Strategic Risk Taking: A Framework for Risk Management

Aswath Damodaran

Amazon Price: $34.64 List Price: $54.99 Usually ships in 24 hours By: Wharton School Publishing Amazon Marketplace: 34 new & used starting at $25.25

Buy at Amazon.com

Browse similar items by category:
Subjects -> Business & Investing -> Finance -> Corporate Finance
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> Risk Management
Subjects -> Business & Investing -> Industries & Professions -> Insurance -> General

Customer Reviews:
Total reviews: 4 Average rating: 4.5 of 5

Editorial Review:

Front Flap In business and investing, risk has traditionally been viewed negatively: investors and companies can lose money due to risk and therefore we typically penalize companies for taking risks. That's why most books on risk management focus strictly on hedging or mitigating risk. But the enterprise's relationship with risk should be far more nuanced. Great companies become great because they seek out and exploit intelligent risks, not because they avoid all risk. Strategic Risk Taking: A Framework for Risk Management is the first book to take this broader view, encompassing both risk hedging at one end of the spectrum and strategic risk taking on the other. World-renowned financial pioneer Aswath Damodaran--one of BusinessWeek's top 12 business school professors--is singularly well positioned to take this strategic view. Here, Damodaran helps you separate good risk (opportunities) from bad risk (threats), showing how to utilize the former while protecting yourself against the latter. He introduces powerful financial tools for evaluating risk, and demonstrates how to draw on other disciplines to make these tools even more effective.Simply put, Damodaran has written the first book that helps you use risk to increase firm value, drive higher growth and returns, and create real competitive advantage. / Risk: the history and the psychology The non-financial realities you must understand to successfully manage risk / Risk assessment: from the basics to the cutting edge Risk Adjusted Value, probabilistic approaches, Value at Risk, and more / Utilizing the power of real options Extending option pricing models to reflect the potential upside of risk exposure / Risk management: the big picture Integrating traditional finance with corporate strategy--and using risk strategically Back Flap About the Author Aswath Damodaran, Professor of Finance at NYU's Stern School of Business, has been profiled in BusinessWeek as one of the United States' top twelve business school professors. His researchinterests include valuation, portfolio management, and applied corporate finance. He is the author of Damodaran on Valuation; Investment Valuation; The Dark Side of Valuation; Corporate Finance: Theory and Practice; Applied Corporate Finance; and most recently, Investment Fables.Damodaran has published in The Journal of Financial and Quantitative Analysis, The Journal of Finance, The Journal of Financial Economics, and The Review of Financial Studies. Back Cover Beyond Traditional Hedging: How to Use Risk Management Financial Techniques Strategically! /How to determine which risks to ignore, which to protect against, and which to actively exploit /By Aswath Damodaran, leading finance authority and one of BusinessWeek's top 12 business school professors /For every corporate finance executive, manager, analyst, consultant, researcher, and student In recent years, risk management has been defined as merely eliminating or reducing risk exposure. Companies are learning today that is far too narrow and constraining a definition. Risk, exploited judiciously, is absolutely central to business success. In Strategic Risk Taking: A Framework for Risk Management, Aswath Damodaran covers both sides of the risk equation, offering a complete framework for maximizing profit by limiting some risks and exploiting others. Damodaran presents a thorough and insightful review of the state-of-the-art in risk measurement, hedging, and mitigation.He covers a broad spectrum of risk assessment tools, including risk adjusted value, scenario analysis, decision trees, VAR, and real options. But Damodaran goes far beyond other treatments of the subject, helping you decide when to deliberately increase exposure to certain risks, and clearly assess the potential dangers and payoffs of doing so. http://pages.stern.nyu.edu/~adamodar/