A Practical Guide to Risk Management, By Thomas S. Coleman

Autor: Thomas Coleman. Comment by: Lorenzo A. Preve May 2012

This book is focused on risk management for a financial firm, and is mainly devoted to the analysis
of financial risk. Some interesting ideas arise: Risk management is too important a responsibility
for managers to delegate it. Risk management is about taking advantage of opportunities:
“controlling the downside and exploiting the upside” (distinguishing between downside risk and
upside opportunity). The only outcome that matters is future cash flow and profits of the firm.


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