The Book of Risk
Author: Dan Borge
List Price: $34.95
Our Price: Click to see the latest and low price
ISBN: 0471323780
Publisher: John Wiley & Sons (16 April, 2001)
Sales Rank: 85,271
Average Customer Rating: 4.4 out of 5
Customer Reviews
Rating: 5 out of 5
Insightful, thought-provoking and entertaining
This book both addresses risk management from
a professional perspective, and from a personal
level. The examples are abundant, instructive
and highly entertaining!You can't go wrong with this book.
Rating: 4 out of 5
Worth the risk of the purchase price
This book, without a doubt, offers a very clear explanation of the basic principles of risk management. The book concentrates on financial applications and even has a chapter in which he creates a CEO scenario for the reader where the ideas of risk are put into practice. Borge also shows how the same principles may be applied to personal life from the decison to marry to what type of home insurance tp purchase. Borge comes across as very affable and this helps to make the subject matter 'friendly' also. However, I doubt this book was ever intended for finance professionals - though it might be useful in introductory courses on risk management. I also think those looking for more philosophical approaches to the subject (for instance Peter L. Bernstein or Nassim N Taleb) of risk may be somewhat disappointed. At anay rate this book offers sensible advice that avoids easy solutions. In an ideal world this book would be outselling Who Moved My Cheese?
Rating: 3 out of 5
Not for finance professionals
According to the Preface, Mr. Borge writes to pique [the reader's] interest in Risk Management. The reader to whom the author is writing is a reader without experience in finance. Indeed, in his effort to avoid the depth or rigor of a risk management textbook, Mr. Borge eliminates much of what a finance professional might find interesting in a book about risk management. Business professionals with a background in finance may find themselves hungry for more substance than the book has to offer. On the other hand, Mr. Borge successfully describes risk management in terms that individuals without experience in finance will understand. Throughout the book the author applies risk management principles to situations encountered in daily living. These simplified examples give the book a sort of 'Who Moved My Cheese' feel, reinforcing my experience that the book might appeal to non-financial types, while leaving financial-types wanting.
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Book Index