Description
Book SynopsisIn 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 s
Trade Review"As a how-to book about managing risk, it's a worthwhile follow-up to Peter L. Bernstein's best-selling 1996 history of the field, Against the Gods: The Remarkable Story of Risk."-Business Week
Table of ContentsIntroduction: It Really Happened.
How to Think About Risk.
The Elements of Risk Management.
Of Decisions and Risk.
Sweet Regret.
Keeping Up With the Joneses.
Paying for Playing.
The Rap Trap and Evaluations.
Of Life, Lotteries, and Stock Options.
Making Good Things Better.
Know Your Risk.
Afterword: How Regret Can Change Your Life.
Index.
