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Hardcover Managing Downside Risk in Financial Markets (Quantitative Finance) Book

ISBN: 0750648635

ISBN13: 9780750648639

Managing Downside Risk in Financial Markets (Quantitative Finance)

Quantitative methods have revolutionized the area of trading, regulation, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central... This description may be from another edition of this product.

Recommended

Format: Hardcover

Temporarily Unavailable

We receive 2 copies every 6 months.

Customer Reviews

1 rating

Excellent Treatment of Risk/Return - A Must Read

Though the book is quite pricey, it delivers a wealth of information regarding various treatments of risk and return. This is not the stuff you find in most financial texts, such as outdated modern portfolio theory. In fact, the material is far beyond the old risk/return traditions of yore. Various authors each contribute a chapter including Sortino so one gets a wide range of views (I only found a few chapters irrelevant to my needs). However, the common theme throughout is, "It is high time to view risk/return in a more meaningful and practical light."This text is not just for portfolio managers. Anyone involved in risk/return assessment will benefit from the material; though much of the book is intended for those with a mathematical slant. The material can easily be applied to discounted cash flow (DCF) financial modeling though this is not discussed in the text. In my opinion, it blows away VAR, Real Options, etc. If you ever thought T-Bills were riskless assts, you need to read this book or be forever wrong. I also found a wealth of information on Sortino's website that complimented the text. Lastly, each chapter is chocked full of nice reference articles for those desiring to delve deeper into the multitude of ideas presented.
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