Risk and the Smart Investor

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9780071743495: Risk and the Smart Investor

Master the most important investing skill of all—DECISION MAKING

“De-risking your investmentsrequires knowing that there ismuch you don’t know.”
–David X Martin

Risk exists because of one simple fact:Decisions are always based on incompleteinformation. Therefore, to meet your investmentgoals over the long term, you mustlearn to manage the risks associated with adecision-making process that is by natureflawed. Risk and the Smart Investor provides aframework for making such decisions.

Avoiding unrealistic promises of completelyrisk-free investing, world-renownedrisk management expert David X Martinfamiliarizes you with the principles of riskmanagement. Based on Martin’s experiencein managing risk at several of the world’slargest financial institutions, this principlebasedapproach presents a unique perspectivethat helps you manage the risk in everyinvestment you make.

Risk and the Smart Investor provides notonly a framework for managing risk in today’smarkets, it also prepares you to handlethe next financial crisis—which is coming,sooner or later—by separating risk managementinto four separate processes:

  • Assessment—know where you are,but accept the fact that you cannotknow everything
  • The Rules of the Game—determineyour appetite for risk, diversifyaccordingly, demand transparency,and institute checks and balances
  • Decision Making—consider allalternatives, fit your plans into specifictime frames, and always have anexit strategy
  • Reevaluation—continually monitor theoutcomes of your decisions and learnfrom your mistakes

Praise for Risk and the Smart Investor

“Interesting and instructive. A good book for those who want to learn about risk and build this knowledge into their financial decisions.”
—John Reed, former CEO, Citigroup

“David Martin has produced a popular yet serious post-financial crisisreflection on the fundamentals of risk management as a living process. Rich inexperience and wisdom, Risk and the Smart Investor is both a useful handbookbrimming with insights, and a moral tale for our times. Simply a must-read forevery serious investor, risk manager, and just about everyone else.”
—Michael Power, professor,London School of Economics and Political Science

“David Martin knows risk and the active investor and his book proves it.”
—Jerry Lieberman

“This book is like having your own mentor to guide you throughrisk management decisions.”
—William Rhodes, Chairman, Citigroup and Citibank

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About the Author:

David X Martin is senior vice president for AllianceBernstein, which has more than $450 billion in assets under management. Formerly chief risk officer atAllianceBernstein, he also has held senior risk management positions at Citibank. Martin was founding chairman of theInvestment Company Institute's (ICI) Risk Committee and has lectured at the graduate schools of business at MIT, Columbia University, and NYU. He has written articles for The Bankers Magazine, the journal Pension & Investments, and the AEI-Brookings Joint Center Web site. He and his family live in the greater New York metropolitan area.

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Book Description McGraw-Hill Education - Europe, United States, 2010. Hardback. Book Condition: New. 231 x 147 mm. Language: English . Brand New Book ***** Print on Demand *****.Master the most important investing skill of all-DECISION MAKING De-risking your investmentsrequires knowing that there ismuch you don t know. -David X Martin Risk exists because of one simple fact:Decisions are always based on incompleteinformation. Therefore, to meet your investmentgoals over the long term, you mustlearn to manage the risks associated with adecision-making process that is by natureflawed. Risk and the Smart Investor provides aframework for making such decisions. Avoiding unrealistic promises of completelyrisk-free investing, world-renownedrisk management expert David X Martinfamiliarizes you with the principles of riskmanagement. Based on Martin s experiencein managing risk at several of the world slargest financial institutions, this principlebasedapproach presents a unique perspectivethat helps you manage the risk in everyinvestment you make. Risk and the Smart Investor provides notonly a framework for managing risk in today smarkets, it also prepares you to handlethe next financial crisis-which is coming,sooner or later-by separating risk managementinto four separate processes: Assessment-know where you are,but accept the fact that you cannotknow everything The Rules of the Game-determineyour appetite for risk, diversifyaccordingly, demand transparency,and institute checks and balances Decision Making-consider allalternatives, fit your plans into specifictime frames, and always have anexit strategy Reevaluation-continually monitor theoutcomes of your decisions and learnfrom your mistakes Praise for Risk and the Smart Investor Interesting and instructive. A good book for those who want to learn about risk and build this knowledge into their financial decisions. -John Reed, former CEO, Citigroup David Martin has produced a popular yet serious post-financial crisisreflection on the fundamentals of risk management as a living process. Rich inexperience and wisdom, Risk and the Smart Investor is both a useful handbookbrimming with insights, and a moral tale for our times. Simply a must-read forevery serious investor, risk manager, and just about everyone else. -Michael Power, professor,London School of Economics and Political Science David Martin knows risk and the active investor and his book proves it. -Jerry Lieberman This book is like having your own mentor to guide you throughrisk management decisions. -William Rhodes, Chairman, Citigroup and Citibank. Bookseller Inventory # APC9780071743495

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Book Description McGraw-Hill Education - Europe, United States, 2010. Hardback. Book Condition: New. 231 x 147 mm. Language: English . Brand New Book ***** Print on Demand *****. Master the most important investing skill of all-DECISION MAKING De-risking your investmentsrequires knowing that there ismuch you don t know. -David X Martin Risk exists because of one simple fact:Decisions are always based on incompleteinformation. Therefore, to meet your investmentgoals over the long term, you mustlearn to manage the risks associated with adecision-making process that is by natureflawed. Risk and the Smart Investor provides aframework for making such decisions. Avoiding unrealistic promises of completelyrisk-free investing, world-renownedrisk management expert David X Martinfamiliarizes you with the principles of riskmanagement. Based on Martin s experiencein managing risk at several of the world slargest financial institutions, this principlebasedapproach presents a unique perspectivethat helps you manage the risk in everyinvestment you make. Risk and the Smart Investor provides notonly a framework for managing risk in today smarkets, it also prepares you to handlethe next financial crisis-which is coming,sooner or later-by separating risk managementinto four separate processes: Assessment-know where you are,but accept the fact that you cannotknow everything The Rules of the Game-determineyour appetite for risk, diversifyaccordingly, demand transparency,and institute checks and balances Decision Making-consider allalternatives, fit your plans into specifictime frames, and always have anexit strategy Reevaluation-continually monitor theoutcomes of your decisions and learnfrom your mistakes Praise for Risk and the Smart Investor Interesting and instructive. A good book for those who want to learn about risk and build this knowledge into their financial decisions. -John Reed, former CEO, Citigroup David Martin has produced a popular yet serious post-financial crisisreflection on the fundamentals of risk management as a living process. Rich inexperience and wisdom, Risk and the Smart Investor is both a useful handbookbrimming with insights, and a moral tale for our times. Simply a must-read forevery serious investor, risk manager, and just about everyone else. -Michael Power, professor,London School of Economics and Political Science David Martin knows risk and the active investor and his book proves it. -Jerry Lieberman This book is like having your own mentor to guide you throughrisk management decisions. -William Rhodes, Chairman, Citigroup and Citibank. Bookseller Inventory # APC9780071743495

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Book Description McGraw-Hill. Hardcover. Book Condition: New. Hardcover. 288 pages. Dimensions: 9.1in. x 5.8in. x 1.1in.Master the most important investing skill of allDECISION MAKING De-risking your investments requires knowing that there is much you dont know. David X Martin Risk exists because of one simple fact: Decisions are always based on incomplete information. Therefore, to meet your investment goals over the long term, you must learn to manage the risks associated with a decision-making process that is by nature flawed. Risk and the Smart Investor provides a framework for making such decisions. Avoiding unrealistic promises of completely risk-free investing, world-renowned risk management expert David X Martin familiarizes you with the principles of risk management. Based on Martins experience in managing risk at several of the worlds largest financial institutions, this principlebased approach presents a unique perspective that helps you manage the risk in every investment you make. Risk and the Smart Investor provides not only a framework for managing risk in todays markets, it also prepares you to handle the next financial crisiswhich is coming, sooner or laterby separating risk management into four separate processes: Assessmentknow where you are, but accept the fact that you cannot know everything The Rules of the Gamedetermine your appetite for risk, diversify accordingly, demand transparency, and institute checks and balances Decision Makingconsider all alternatives, fit your plans into specific time frames, and always have an exit strategy Reevaluationcontinually monitor the outcomes of your decisions and learn from your mistakes Praise for Risk and the Smart Investor Interesting and instructive. A good book for those who want to learn about risk and build this knowledge into their financial decisions. John Reed, former CEO, Citigroup David Martin has produced a popular yet serious post-financial crisis reflection on the fundamentals of risk management as a living process. Rich in experience and wisdom, Risk and the Smart Investor is both a useful handbook brimming with insights, and a moral tale for our times. Simply a must-read for every serious investor, risk manager, and just about everyone else. Michael Power, professor, London School of Economics and Political Science David Martin knows risk and the active investor and his book proves it. Jerry Lieberman This book is like having your own mentor to guide you through risk management decisions. William Rhodes, Chairman, Citigroup and Citibank This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Bookseller Inventory # 9780071743495

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