The Risk-Wise Investor: How to Better Understand and Manage by Michael T. Carpenter

By Michael T. Carpenter

User-friendly hazard administration instruments, tips, and strategies for a much less yes world

Though a really excessive point of investor uncertainty, nervousness, and situation approximately hazard now exists, nearly all of traders don't surely comprehend funding risk-let on my own tips to successfully deal with it. The "Risk-Wise" Investor deals a unconditionally new, basic, non-technical technique to assist you greater comprehend and deal with uncertainty and danger. This functional consultant can help traders keep away from many universal pitfalls and make good trained, knowledge-based judgements while dealing with uncertainty and danger. It additionally indicates easy methods to enforce a customized, systematic chance administration making plans method that might let you deal with the dangers you face extra successfully and increase the possibility of accomplishing particular funding ambitions. even though conventional funding suggestion is predicated on taking the lengthy view and diversifying portfolios, the data right here indicates tips to include extra hazard administration issues into your plans. It additionally offers leading edge insights that would aid traders and their advisors greater know how to

  • Gain a pragmatic, ordinary, wisdom dependent knowing of threat and chance management
  • Better comprehend and deal with monetary uncertainty and speedy change
  • Release life-risk administration abilities on the planet of investments
  • Become much less worried, extra a professional, sensible, and very likely extra winning investors
  • Learn a brand new "empowering" definition of probability to extra successfully handle danger and uncertainty
  • Help lessen the chance and power effect of damaging surprises

Show description

By Michael T. Carpenter

User-friendly hazard administration instruments, tips, and strategies for a much less yes world

Though a really excessive point of investor uncertainty, nervousness, and situation approximately hazard now exists, nearly all of traders don't surely comprehend funding risk-let on my own tips to successfully deal with it. The "Risk-Wise" Investor deals a unconditionally new, basic, non-technical technique to assist you greater comprehend and deal with uncertainty and danger. This functional consultant can help traders keep away from many universal pitfalls and make good trained, knowledge-based judgements while dealing with uncertainty and danger. It additionally indicates easy methods to enforce a customized, systematic chance administration making plans method that might let you deal with the dangers you face extra successfully and increase the possibility of accomplishing particular funding ambitions. even though conventional funding suggestion is predicated on taking the lengthy view and diversifying portfolios, the data right here indicates tips to include extra hazard administration issues into your plans. It additionally offers leading edge insights that would aid traders and their advisors greater know how to

  • Gain a pragmatic, ordinary, wisdom dependent knowing of threat and chance management
  • Better comprehend and deal with monetary uncertainty and speedy change
  • Release life-risk administration abilities on the planet of investments
  • Become much less worried, extra a professional, sensible, and very likely extra winning investors
  • Learn a brand new "empowering" definition of probability to extra successfully handle danger and uncertainty
  • Help lessen the chance and power effect of damaging surprises

Show description

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Additional resources for The Risk-Wise Investor: How to Better Understand and Manage Risk

Example text

The answer is to refer back to the “Risk-Wise” Investor-Risk Management Process outlined in the second chapter of this book. If you recall, the first step of that process is the Personal Risk Assessment, which includes four distinct and sequential substeps. The first element of the assessment process is defining risk, the second is identifying risks, the third element is understanding risk, and the fourth is determining which risks to avoid, accept, and/or manage. For our purposes in this chapter we’ll be focusing on the “Risk-Wise” process of understanding risks.

Step 2. The thalamus, which analyses the signal to determine if it is a potential danger or not (and acting like an air traffic controller) then routes the signal to the right place in the brain for processing, in this case . . Step 3. The visual cortex then “thinks” about the impulse and determines if it is something the body should get excited about or not. In this case it thinks, “This exclamation point looks dangerous . . ” The visual cortex then sends that danger signal to . . Step 4.

Effective ongoing risk monitoring and decision making (continuously being on guard for the emergence of new risks or threats and the evolving nature of known risks). Building on this basic outline of the “Risk-Wise” Investor risk management process, the rest of this book will focus on how you can put each step of that process into action with extensive practical insights and valuable additional information that will help you build you own personal, customized risk management plan. We’ll review how to apply a new empowering definition of “risk” used by some of the top corporate chief risk officers (CROs) to your lifetime risk management and investment success.

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