Red-blooded risk [[electronic resource] ] : the secret history of Wall Street / / Aaron Brown

• Autore: Brown Aaron <1956->
• Pubblicazione: Hoboken, NJ, : Wiley, 2011
• Edizione: 1st edition
• Descrizione fisica: 1 online resource (431 p.)
• Disciplina: 338.5
• Soggetto topico: Stock exchanges - United States
• Soggetto geografico: Wall Street (New York, N.Y.)
• Soggetto genere / forma: Electronic books.
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Red-Blooded Risk: The Secret History of Wall Street; Contents; Acknowledgments; Chapter 1: What This Book Is and Why You Should Read It; Risk, Danger, and Opportunity; Red-Blooded Risk Management; Risk and Life; Play and Money; Frequentism; Rationality; Bets; Exponentials and Culture; Payoff; Chapter 2: Red Blood and Blue Blood; Chapter 3: Pascal's Wager and the Seven Principles of Risk Management; Principle I: Risk Duality; Principle II: Valuable Boundary; Principle III: Risk Ignition; Principle IV: Money; Outside the VaR Boundary; Principle V: Evolution; Principle VI: Superposition ; Principle VII: Game Theory Chapter 4: The Secret History of Wall Street: 1654-1982; Pascal and Fermat; Poker; Advantage Gamblers; Sports Betting; Quants to Wall Street; Finance People; Real Finance; Chapter 5: When Harry Met Kelly; Kelly; Harry; Commodity Futures; If Harry Knew Kelly; Investment Growth Theory; eRaider.com; MPT Out in the World; Chapter 6: Exponentials, Vampires, Zombies, and Tulips; Types of Growth; The Negative Side; Tulips; Tulip Propaganda; Quantitative Tulip Modeling; Money; Chapter 7: Money; Chapter 8: The Story of Money: The Past; Property, Exchange, and Money ; Paleonomics Transition; What Money Does; Risk; Government and Paper; Paper versus Metal; 1776 and All That; Andrew Dexter; A Short Digression into Politics and Religion; Chapter 9: The Secret History of Wall Street: 1983-1987; Efficient Markets; Anomalies; The Price Is Right...Not!; Efficiency versus Equilibrium; Beating the Market; Paths; Sharpe Ratios and Wealth; 1987; Chapter 10: The Story of Money: The Future; Farmers and Millers; Money, New and Improved; A General Theory of Money; Value and Money; Numeraire; Clearinghouses; Cash; Derivative Money; The End of Paper; Chapter 11: Cold Blood ; Chapter 12: What Does a Risk Manager Do?-Inside VaRProfessional Standards; Front Office; Trading Risk; Quants on the Job; Middle Office; Back Office; Middle Office Again; Looking Backward; Risk Control; Beyond Profit and Loss; Numbers; The Banks of the Charles; Waste; The Banks of the Potomac; The Summer of My Discontent; Validation; Chapter 13: VaR of the Jungle; Chapter 14: The Secret History of Wall Street: 1988-1992; Smile; Back to the Dissertation; Three Paths; An Unexpected Twist; Surprise!; Computing VaR; Chapter 15: Hot Blood and Thin Blood ; Chapter 16: What Does a Risk Manager Do?-Outside VaRStress Tests; Trans-VaR Scenarios; Black Holes; Why Risk Managers Failed to Prevent the Financial Crisis; Managing Risk; Unspeakable Truth Number One: Risk Managers Should Make Sure Firms Fail; Unspeakable Truth Number Two: There's Good Stuff beyond the VaR Limit; Unspeakable Truth Number Three: Risk Managers Create Risk; Chapter 17: The Story of Risk; Chapter 18: Frequency versus Degree of Belief; Statistical Games; Thorp, Black, Scholes, and Merton; Change of Numeraire; Polling; The Quant Revolution ; Chapter 19: The Secret History of Wall Street: 1993-2007
• Sommario/riassunto: An innovative guide that identifies what distinguishes the best financial risk takers from the rest From 1987 to 1992, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management for risk-takers. This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the powerful modern global derivatives economy. The same practical techniques are still used today by risk-takers in finance as well as many other fields. Red-Blooded Risk examines this approach and offers valuable advice for the
• Titolo autorizzato: Red-blooded risk
• ISBN: 1-118-14017-6; 1-283-27385-3; 9786613273857; 1-118-14015-X
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910457358303321
• Lo trovi qui: Univ. Federico II