Summary of Strategic Risk Taking

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

Strategic Risk Taking book summary
Start getting smarter:
or see our plans

Rating

8 Overall

8 Applicability

7 Innovation

7 Style

Recommendation

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.

 

Summary

What Is Risk?
Risk is definable in many different ways. Some people define it in terms of the possibility of bad events. Others try to see it in terms of the probability of good and bad outcomes, an approach that is more useful in decision making. Because few opportunities are a guaranteed...

Get the key points from this book in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

By the same author

Customers who read this summary also read

More by category