Description
Book SynopsisThe consequences of taking on risk can be ruinous to personal finances, professional careers, corporate survivability, and even nation states. Yet many risk managers do not have a clear understanding of the basics. Requiring no statistical or mathematical background, The Fundamental Rules of Risk Management gives you the knowledge to successfully handle risk in your organization.
The book begins with a deep investigation into the behavioral roots of risk. Using both historical and contemporary contexts, author Nigel Da Costa Lewis carefully details the indisputable truths surrounding many of the behavioral biases that induce risk. He exposes the fallacy of the wisdom of experts, explains why you cannot rely on regulators, outlines the characteristics of the glad game, and demonstrates how high intelligence or lack thereof can lead to loss of hard-earned wealth. He also discusses the weaknesses and failures of modern risk management.
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Table of Contents
The Behavioral Foundations of Risk Management: Unreason Is the Even Eviler Twin Brother of Greed. The Maleficent Hand of the Men in Gray Suits. The Unpalatable Truth about Risk Management. What You Need to Know, but Nobody Wants to Tell You: What the Textbooks Will Not Tell You about Corporate Governance. The Most Important Lesson a Risk Manager Must Know. A Powerful Secret from Henry Fayol. The Incredible Advantage of a Monocle on Risk. Benefit from the Fable of Spreadsheet City. How to Guarantee Success by Understanding the Nature of Failure. Snake Oil Salesmen, Goat Gonads, and Value at Risk. Index.
