Summary of Dealing with Financial Risk
Like generals who are fighting the previous battle, most risk managers prepare for last year's crash.
David Shirreff was one of the first and remains one of the few journalists to tackle the challenging subject of financial risk. In this book, he collects material from articles he published during the 1990s (a period of astonishing innovation in the field), supplemented by interviews with some of the true luminaries in the areas of financial engineering and financial risk management. Shirreff is a lucid writer with a sharp and concise style. He has the rare gift of making the complexities of finance accessible to a general readership. Therefore, getAbstract recommends this book both to financial professionals and to general readers who have an interest in the subject.
In this summary, you will learn
- How to understand the fascinating "game" of financial risk management;
- How modern financial markets developed;
- What theories explain today's markets; and
- How investors use derivatives to cushion the markets' shocks.
About the Author
David Shirreff is the Frankfurt correspondent of The Economist covering business and finance. Previously, he was the capital markets editor of The Economist in London. He has also written for Euromoney, and he co-founded Risk magazine in 1987.
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