Summary of Seeing Tomorrow

Rewriting the Rules of Risk

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Seeing Tomorrow book summary
If you dream of an investment future in which you have no regrets, begin by applying risk management tools to every decision.


8 Overall

8 Applicability

8 Innovation

7 Style


Ron S. Dembo and Andrew Freeman explain how to weigh the basic elements of risk management - time horizon, scenarios, risk measure and benchmarks. They write in a direct style to appeal to the general reader, and they include numerous charts and tables to illustrate their basic principles and examples. While their mathematical reasoning may be difficult for less expert readers, it is an essential element of the book, since creating mathematical models is at the heart of risk management. With this caveat, recommends this well-researched book to executives who make corporate decisions and to serious investors.

In this summary, you will learn

  • The fundamentals of risk management, including many basic concepts, definitions and formulas;
  • How new risk management practices are changing the fields of finance and business, and
  • How you can adopt simple risk measurement techniques to your own investment strategies.


The Nature of Risk Management
Some risk is inherent in making decisions for the future, so you cannot adequately assess risk by looking only at what happened in the past or by using your intuition alone. For example, in late 1994, George Soros, one of the world’s best-known investors, ...
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About the Authors

Ron S. Dembo is President and CEO of Algorithmics, Inc., a provider of innovative financial risk management software, which he founded in 1989. Dembo previously managed a risk analysis group at Goldman, Sachs, and served on the faculties of several universities, including Yale. Andrew Freeman manages and edits the financial services division of The Economist Intelligence Unit. Previously, he worked as the New York-based American finance editor for The Economist.

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