Book Review: A Risk Professional’s Survival Guide
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This highly readable and informative book can serve the needs of a variety of individuals. The end-of-chapter problems make the book suitable for a classroom setting for those who plan to become practicing risk managers. Readers interested in gaining a general overview of risk management will also find the book valuable.
World events and new financial products have shown the importance of risk management to the finance industry. The numerous mathematical models customarily invoked in addressing risk management can make it difficult for students of the subject to learn to put into practice the tools of the trade. In many traditional texts on risk management and finance, theory and application are taught separately. The theory is usually presented first, and then the concepts are reinforced by examining a case involving a real or fictional firm, either in the main body of a chapter or as an end-of-chapter homework assignment. In most instances, different firms are used throughout the book to illustrate the various concepts.