Stalking the Black Swan

Stalking the Black Swan

4.11 - 1251 ratings - Source



Kenneth A. Posner spent close to two decades as a Wall Street analyst, tracking the so-called qspecialty financeq sector, which included controversial companies such as Countrywide, Fannie Mae, Freddie Mac, CIT, and MasterCarda mdash;many of which were caught in the subprime mortgage and capital markets crisis of 2007. While extreme volatility is nothing new in finance, the recent downturn caught many off guard, indicating that the traditional approach to decision making had let them down. Introducing a new framework for handling and evaluating extreme risk, Posner draws on years of experience to show how decision makers can best cope with the qBlack Swansq of our time. Posner's shrewd assessment combines the classic fundamental research approach of Benjamin Graham and David Dodd with more recent developments in cognitive science, computational theory, and quantitative finance. He outlines a probabilistic approach to decision making that involves forecasting across a range of scenarios, and he explains how to balance confidence, react accurately to fast-breaking information, overcome information overload, zero in on the critical issues, penetrate the information asymmetry shielding corporate executives, and integrate the power of human intuition with sophisticated analytics. Emphasizing the computational resources we already have at our disposala mdash;our computers and our mindsa mdash;Posner offers a new track to decision making for analysts, investors, traders, corporate executives, risk managers, regulators, policymakers, journalists, and anyone who faces a world of extreme volatility.Kenneth A. Posner spent close to two decades as a Wall Street analyst, tracking the so-called aquot;specialty financeaquot; sector, which included controversial companies such as Countrywide, Fannie Mae, Freddie Mac, CIT, and MasterCardaamp; mdash;many ...


Title:Stalking the Black Swan
Author: Kenneth A. Posner
Publisher:Columbia University Press - 2010-04-22
ISBN-13:

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.


Click button below to register and download Ebook
Privacy Policy | Contact | DMCA