Book Description
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' groundbreaking 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.
"Seeing Tomorrow is a powerhouse in the understanding of risk. With their ingenious blend of psychology and rigorous quantitative analysis, the authors have created an authoritative and innovative handbook of risk management that is essential for both practitioners and theoreticians." -Peter L. Bernstein author, Against the Gods and Capital Ideas.
"This excellent and readable book provides an innovative approach to choosing actions when the outcomes are uncertain. Anyone with an interest in improving their decision-making skills would benefit from reading this. Anyone with a professional interest in risk management must read it." -Stephen A. Ross Fischer Black Visiting Professor of Finance Massachusetts Institute of Technology Sloan School of Management Sterling Professor of Economics and Finance, Yale University.
"Ron Dembo and Andrew Freeman have done an excellent job of describing how to think about and measure risk. This will become required reading for businesses and personal investment executives." -Ned C. Lautenbach.
Customer Reviews:
Review of "Seeing Tomorrow".......2006-03-02
Although I do not agree with the subtitle, this book does NOT rewrite the rules of risk at all, this is an excellent book for the novice or early academic on this subject. I recommend it almost without reservation and STRONGLY recommend that it be read in tandem with "Against The Gods" (which see).
Professor John Kercheval
Georgetown
Washington, DC
Do you "Know Your Risk" ??.......2004-03-16
This book is an excellent primer on risk management. Ron's outlines in clear terms what risk management is, and how it effect's our investment decision process. I loved the chapter on "Sweet Regret". ( I guess I liked it because as a motivational speaker, one of the greatest motivators known to man is: Regret. While this is kind of motivation seems quite negative, it does have a useful place in life every now and then.)
Zev Saftlas, Author of Motivation That Works: How to Get Motivated and Stay Motivated
Even worse than his prior book.......2004-03-03
I read this book hoping to find an improvement on the Rules of Risk. Sadly disappointing. Its filled with technical errors and claims of discovery of great truths on areas already commonly understood. When I discovered technical issues in the book I turned down a corner of the page. 87 pages were marked when I finished. This book is a unique combination of badly written, frequently incorrect and restatements of the obvious. I strongly recommend not wasting your time and money.
Understanding risk management in everyday life.......2003-09-15
This eminently readable book is for a curious general reader who wants to better understand how modern risk management techniques can actually be applied to thinking about and making choices in everyday life. Unless you are allergic to even the most basic of probability theory and statistics, you should find that this book places the building blocks of risk analysis - time horizons, risk measures, benchmarks and scenarios - in the hands of folks who are other than investment and risk management professionals, without entering into the arcane language of derivatives and portfolio theory.
But the book is not itself a key to quick riches. The authors rightly point out from the beginning how the image of the so-called science of risk management provides an illusion of security that has been disproved again and again, with a long catalogue of risk management catastrophes among major names in high finance. They quote Peter Bernstein whose book called Against the Gods (which I have also reviewed on this website) provides a historical perspective on risk management, and ask whether belief in this false security of risk management is no better a modern version of ancient faiths which placed fate in the hands of deities and shamans.
This book is original in that it reduces the complexity of risk to its base elements, and looks at circumstnaces of a given individual, and his or her specific risk tolerances, and the unique reasoning behind his or her choice-making. The chapters are articulated in language which is as jargon-free as possible (Sweet Regret, Keeping Up With the Joneses, The Rap Trap And Evalauton, etc.) for an important subject in which jargon unfortunately has been one of the barriers to more popular understanding.
While it is highly improbable that this book will help you beat the market in managing your investments, you might see how it is possible to think more systematically about common decisions such as whether to buy a house, invest in a college plan for a child, or refinance a mortageg, as well as to understand some of the complexities of public policy choices in which risk is invariably a looming factor.
An excellent perspective on risk.......2003-05-29
This book establishes a strong foundation in risk management. It leans substantially on decision theory and behavioral economics. Its main concept is "regret." Regret is downside risk. We can insure against that downside risk by buying a Put option. Even if we deal in illiquid markets where such options are not available, it is still key to calculate the economic value of regret or of that Put option (if it were to exist). Similarly, the upside of a transaction is equivalent to buying a Call option. Mr. Dembo comes up with this equation: Upside - Lambda(Regret). Lambda captures your risk tolerance. If your risk tolerance is high, Lambda will be small. The inverse is true too.
With this straightforward model, the authors can explain a whole lot of economic incentives with a behavioral component. For instance, you can easily explain why most people would not mind playing roulette with just a dollar bill. But, the same people would not play with $100 dollar bills. In effect, most people would rather take on a bad risk (with poor odds) on a small scale, than take on a better risk (better odds) on a larger scale.
Average customer rating:
- Excellent Introduction to Indo-Aryan Epigraphy
- First-class introduction to and survey of Indian epigraphy.
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Indian Epigraphy: A Guide to the Study of Inscriptions in Sanskrit, Prakrit, and the other Indo-Aryan Languages (South Asia Research)
Richard Salomon
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Hardcover
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ASIN: 0195099842 |
Book Description
This book provides a general survey of all the inscriptional material in the Sanskrit, Prakrit, and modern Indo-Aryan languages, including donative, dedicatory, panegyric, ritual, and literary texts carved on stone, metal, and other materials. This material comprises many thousands of documents dating from a range of more than two millennia, found in India and the neighboring nations of South Asia, as well as in many parts of Southeast, central, and East Asia. The inscriptions are written, for the most part, in the Brahmi and Kharosthi scripts and their many varieties and derivatives. Inscriptional materials are of particular importance for the study of the Indian world, constituting the most detailed and accurate historical and chronological data for nearly all aspects of traditional Indian culture in ancient and medieval times. Richard Salomon surveys the entire corpus of Indo-Aryan inscriptions in terms of their contents, languages, scripts, and historical and cultural significance. He presents this material in such a way as to make it useful not only to Indologists but also non-specialists, including persons working in other aspects of Indian or South Asian studies, as well as scholars of epigraphy and ancient history and culture in other regions of the world.
Customer Reviews:
Excellent Introduction to Indo-Aryan Epigraphy.......2000-04-29
Salomon does an admirable job introducing the vast field of epigraphy in the Indo-Aryan languages. There is much in the book which a beginner can follow but there is also a lot for the more knowledgeable. The importance and use of epigraphy in the study of ancient India is clearly described. This book whetted my appetite to learn more about Indian epigraphy.
First-class introduction to and survey of Indian epigraphy........1999-05-07
Here is a guide to writing and scripts in India, the languages of Indic inscriptions, a survey of inscriptions, methods of epigraphic study and even a history of Indian epigraphic studies. In addition there is a bibliographic survey and a selection of typical inscriptions. This is the place to start when dealing with Indian inscriptions. The style is clear and there are plenty of references to previous studies.
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The Aryan Household: Its Structure, and Its Development : An Introduction to Comparative Jurisprudence
William Edward Hearn
Manufacturer: Lawbook Exchange
ProductGroup: Book
Binding: Hardcover
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ASIN: 1584771240 |
Book Description
Hearn, William Edward. The Aryan Household Its Structure and its Development. An Introduction to Comparative Jurisprudence. London and New York: Longmans, Green, and Co., 1891. viii, 494 pp. Reprinted 2002 by The Lawbook Exchange, Ltd. ISBN 1-58477-124-0. Cloth. $90. Originally published in Melbourne in 1878, this is a reprint of the first Anglo-American edition. "Recommended by Pound for `the legal institutions of Indo-European peoples.' Pound. Outlines [of Lectures on Jurisprudence]: 229." Marke, A Catalogue of the Law Collection at New York University (1953) 108. Chapter titles include Law and Custom, The Law and Custom of Property, The Rise of Civil Jurisdiction.
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English-Persian Dictionary of Legal and Commercial Terms: Farhang-I Istilahat-I Huquqi Va Bazargani : Ingilizi Bih Farsi
K. Fahim ,
J. Habibion ,
F. Vittor , and
K. Cahim
Manufacturer: Brill Academic Pub
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ASIN: 9004084150 |
Average customer rating:
- Doesn't know what he's talking about
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Germano-European, Breaking the Sound Law
Toby D. Griffen
Manufacturer: Southern Illinois University Press
ProductGroup: Book
Binding: Hardcover
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ASIN: 0809314517 |
Customer Reviews:
Doesn't know what he's talking about.......2005-01-09
The author of this is a crackpot. He tries to claim that Grimm's Law and Verner's Law and pretty much everything we know about Germanic phonology and etymology is wrong because of some poorly explained but still plainly incorrect theories about sound changes. He asserts that the sound changes Germanic is supposed to have undergone are impossible, even though we have seen them repeatedly in many languages. Eventually he starts making the claim that Proto-Indo-European was the daughter of "Proto-Indo-Germanic". He's out of his mind; don't read this book.
Product Description
Preface, Miles C. Beckwith: Greek verbs in -í A paradigmatic solution, Hope Dawson: Deviations from the Greek in the Gothic New Testament, George E. Dunkel: Vedic janapadás and Ionic 6á: with notes on Vedic drupadám and IE *pédom place and fetter, Joseph F. Eska: Remarks on linguistic structures in a Gaulish ritual text, Benjamin W. Fortson IV: Linguistic and cultural notes on Latin ... and related topics, John Harkness: Observations on appositions in Beowulf, Hans Henrich Hock: Vedic....: Subordinate, coordinate, or what?, Brian D. Joseph: Balkan insights into the syntax of ... in Indo-European, Carol F. Justus: Hittite and Indo-European gender, Ronald Kim: The distribution of the Old Irish infixed pronouns, Cowgills particle, and the syntactic evolution of Insular Celtic, Sara Kimball: Hittite kings and queens, Jared S. Klein: Homoioteleuton in the Rigveda, H. Craig Melchert: Hieroglyphic Luvian REL-ipa indeed, certainly, Edgar C. Polomé: Some thoughts about the Indo-European homeland, Charles Reiss: Towards an explanation of analogy, Don Ringe: Tocharian B and, Douglas P.A. Simms: A word for wild boar in Germanic, Italic, Balto-Slavic and Greek and its possible Semitic origins, Ann Taylor: The distribution of object clitics in Koiné Greek, Bert Vaux: Szemerényis Law and Stangs Law in non-linear phonology, Brent Vine: On full-grade *-ro- formations in Greek and Indo-European, Michael Weiss: Observations on the South Picene Inscription TE 1 (S. Omero).
Average customer rating:
- Covers quite a bit but lacks concise notation of each law
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The Laws of Indo-European
Manufacturer: John Benjamins Publishing Co
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Binding: Paperback
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ASIN: 0915027755 |
Customer Reviews:
Covers quite a bit but lacks concise notation of each law.......2005-10-18
N.E. Collinge's THE LAWS OF INDO-EUROPEAN sets out all the important rules of sound change that any student of comparative Indo-European linguistics should acquaint themselves with. Grimm's law, Grassman's law, the law of the palatals, they're all here. Besides the general laws affecting the major Indo-European languages (Germanic, Sanskrit, and Greek), Collinge also addresses the laws of the Baltic and Slavonic accents. This field is a mess, and it seems that most of the laws covered in the book somehow relate to the accent. An appendix covers minor laws (although some, such as Watkin's Law, have become major in their ramifications) and major tendencies.
One major downside to Collinge's presentation is that he fails to give a simple algebraic form of each law suitable for making flashcards. Another complaint, somewhat frequent in the academy, is that Collinge is so attentive in presenting seeming exceptions that he makes certain well-fixed laws appear as if they are undependable when in fact few would dispute them.
Average customer rating:
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Sievers' Law in Germanic
Charles Michael Barrack
Manufacturer: Peter Lang Pub Inc
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ASIN: 0820430420 |
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The Construction of Built Heritage: A North European Perspective on Policies, Practices and Outcomes
Manufacturer: Ashgate Pub Ltd
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ASIN: 0754618463 |
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Ecology, Planning, and Management of Urban Forests: An International Perspective (Springer Series on Environmental Management)
Manufacturer: Springer
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ASIN: 0387714243 |
Book Description
Urban forests play a fundamentally important role in building ecological cities. They improve the environmental quality of the urban environment and the aesthetics of urban landscapes, and in many developed and developing countries, the evolution of urban forestry has been recognized as an essential means of maintaining urban ecosystem health, improving human living conditions, fostering a harmonious human-nature relationship, and ultimately achieving urban sustainability.
Ecology, Planning, and Management of Urban Forests contains studies and perspectives on urban forests from a broad array of basic and applied scientific disciplines including ecosystem ecology, biogeochemistry, landscape ecology, plant community ecology, geography, and social science. The book contains contributions from experts in Asia, Europe, and North America, allowing the reader to evaluate methods and management that are appropriate for particular geographic, environmental, and socio-political contexts. Urban forests are also approached on regional and landscape scales to encompass more natural environments in and around cities, rather than within arbitrary municipal boundaries. The studies provided are intended to motivate scientists, planners, and managers to work together and to adopt a broader landscape ecology approach to urban forestry, and in so doing, better address the pressing needs for improving the quality of life in urban environments.
About the Editors:
Dr. Margaret M. Carreiro is Associate Professor in the Biology Department of the University of Louisville, Louisville, Kentucky, USA.
Dr. Yong-Chang Song is Professor in the Department of Environmental Sciences at East China Normal University, Shanghai, China.
Dr. Jianguo Wu is Professor of Ecology and Sustainability Science in the School of Life Sciences and Global Institute of Sustainability at Arizona State University, Tempe, Arizona, USA.
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Environmental Strategies for Industry: International Perspectives On Research Needs And Policy Implications (The Greening of Industry Network Series)
Manufacturer: Island Press
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Sustainability Strategies for Industry: The Future Of Corporate Practice (The Greening of Industry Network Series)
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Competitive Environmental Strategy: A Guide To The Changing Business Landscape
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Natural Capitalism: Creating the Next Industrial Revolution
ASIN: 1559631937 |
Book Description
Many large firms and multinational corporations are beginning to develop innovative environmental strategies that acknowledge the fact that sound environmental policies can actually enhance economic competitiveness and increase market share. Rather than simply focusing on regulatory compliance and crisis management, they are moving toward greater internalization of environmental goals. Environmental Strategies for Industry explores this transition in depth.
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Planning for Conservation: An International Perspective
Manufacturer: Palgrave Macmillan
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ASIN: 0312614004 |
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Urban Transport and the Environment: An International Perspective
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ASIN: 0080445128 |
Book Description
The damaging environmental impact of urban transport, as recognised by the Kyoto Protocol to the UN Framework Convention on Climate Change, is a worsening global problem that needs to be tackled with local solutions. At the same time, urban transport has been causing serious local environmental problems, particularly in developing countries. This book was commissioned with the aim of helping to develop solutions by sharing experience from around the world.
Four extensive chapters by leading researchers give an overview of the problem, analyse structures and trends in urban transportation, list the various ways transport affects the environment, and critically review the whole range of policy countermeasures available.
The second half of the volume is given over to a uniquely valuable collection of case studies of 21 metropolises, carefully selected to provide a cross-section of different types of city from across the developing and developed world. The relevant characteristics of these cities are systematically described: socio-economic background; local condition of transport and the environment; policy planning, implementation, and evaluation, all with concrete examples. Key data are then presented in charts with a common structure to facilitate comparisons between cities.
Books:
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- Winning Through Intimidation
- Women's Career Development Across the Lifespan: Insights and Strategies for Women, Organizations, and Adult Educators (New Directions for Adult and Continuing Education)
- Women in 1900: Gateway to the Political Economy of the 20th Century (Women in the Political Economy)
- Work and Childcare: Implementing the Council Recommendation on Childcare (Employment & Social Affairs)
- You're Fired!: A Unique Approach to Rebuilding Your Life
- You've Only Got Three Seconds
- Alchemy at Work: Using the Ancient Arts to Enhance Your Work Life
- Beyond Growth: The Economics of Sustainable Development
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