The "Risk-Wise" Risk Management Planning Process
Published on 21. December 2010
288 pages
978-1-118-00653-5 (ISBN)
Description
From The "Risk-Wise" Investor, this chapter takes youthrough a step-by-step process to effectively manage risk. Thisrisk planning strategy is dedicated to helping you become familiarand completely comfortable with an easy-to-use, very effective, andholistic risk management planning process. It's a system that youcan put to work right away in preparing for and effectivelymanaging the risks you'll face. Author and industry veteran MichaelCarpenter believes the key to risk management is to recognize thatbusiness and financial phenomenon exists and to factor it into yourinvestment thinking.
This chapter demystifies risk management, covering:
* Portfolio strategies for all market conditions
* Active and Passive risk management strategies
* Risk Assessment
* Decision Making Checklists
Reviews / Votes
"Page by page, this reliable resource outlines the "Risk Wise"investment process, from properly identifying, understanding, andprioritizing risks to selecting risk reduction/managementstrategies and evaluating risk/reward tradeoffs -- all the wayto explaining how to develop and implement a personalized actionplan." (Transitions magazine, November 2009). "Most investors get wise to risk only after the damage has beendone. Savvy investors know that risk management is the whole game.Michael Carpenter's superb new book, The Risk-Wise Investor, couldsave you much heartache, not to mention many dollars." --Don Phillips, Managing Director, Morningstar "Risk awareness, risk management, and risk control are the sinequa non of successful asset allocation and investment strategy.Michael Carpenter has done the global investment realm a HUGEservice by bringing this essential discipline front and center.We've needed a book like this for a long time!" --David M. Darst, Chief Investment Strategist, Morgan StanleySmith Barney; author of The Little Book that Saves Your Assets "Mike Carpenter's The Risk-Wise Investor can help any financialadvisor do the most critical part of his or her jobbetter--which is helping their clients not just understand,but master risk. My advice to advisors and investors: get hold of acopy. It's a no-risk way to improve your chances of investmentsuccess." --Robert L. Reynolds, President and CEO, PutnamInvestments "Arriving at the tail-end of a tumultuous decade for investors,The Risk-Wise Investor will help individuals regroup and resettheir expectations using a simple, personalized approach tounderstanding and managing investment risk. Mike Carpenter'sapproach makes the often arcane world of risk management real andprovides insights that are timely as well as timeless." --Bill Glavin, Chief Executive Officer, OppenheimerFunds,Inc. "While risk cannot be totally eliminated, it can be prepared forand managed. With historical background, Mike Carpenter hassimplified the process and modernized the approach." --John R. Kenney, Chairman and CEO, Clearwater FinancialMarketing, LLCMore details
Other editions
Additional editions
Book
10/2009
Wiley
€35.50
Shipment within 10-20 days
Person
Michael T. Carpenter is a true investment industry veteran, with over thirty-five years of professional experience. He has led industry programs at both Harvard and Columbia University. Carpenter has also worked as a successful financial advisor, then regional and national level executive with PaineWebber, and subsequently led national distribution efforts--including sales, sales support, and key accounts teams; product development, marketing, and national advisor and investor educational programs--for John Hancock Funds, as well as Transamerica IDEX, MFS, and Rydex Global Advisors before setting up his own Boston-based sales and marketing consulting firm in 2003.
Content
Preface.
Acknowledgments.
CHAPTER 1 The Increasing Importance of"Risk-Wise" Investing.
CHAPTER 2 Introduction to the "Risk-Wise"Risk Management Process.
CHAPTER 3 The Evolving History of Risk and RiskManagement.
CHAPTER 4 "Risk"--What Is It, and HowDoes It Work?
CHAPTER 5 Which "School" of Risk ManagementIs Best?
CHAPTER 6 How Your Body Can Work Against You.
CHAPTER 7 Understanding the Risk Perception/RealityGap.
CHAPTER 8 Avoiding Common Pitfalls of Decision MakingUnder Uncertainty.
CHAPTER 9 The Advantages of Managing Risk Categories.
CHAPTER 10 Understanding and Prioritizing Risks.
CHAPTER 11 The "Risk-Wise" Risk ManagementPlanning Process.
CHAPTER 12 Models of Outstanding Risk Management.
CHAPTER 13 The Value of Knowledgeable and TrustedFinancial Advice.
CHAPTER 14 Navigating Crisis Events and Bear Markets.
Summary and Afterthoughts.
Notes.
Bibliography.
Additional Information for Readers.
About the Author.
Index.
