Summary of Strategic Risk Taking
A Framework for Risk Management
How to manage risk and benefit from it strategically.
Many businesses could do a better job of exploiting risks. Unfortunately, not every business manager knows how. In his perceptive book, Aswath Damodaran details the principles and tools that most good risk managers use. Some of his work resembles a textbook. Appendixes with mathematical proofs of risk assessment models follow several chapters. But the book is mostly a readable blend of qualitative and quantitative insight. The author uses math more to illustrate concepts than to reduce them to equations. For students of risk management, this is great supplementary reading. getAbstract also believes this book would be an especially useful reference for specialists in corporate finance and investment management.
In this summary, you will learn
- What risk is and why it matters
- Which techniques business managers commonly use to measure risk
- How risk hedging and risk management differ
About the Author
Aswath Damodaran is a professor of finance at New York University’s Stern School of Business. He has published books and articles on valuation, portfolio theory and corporate finance.
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