Book Library

Plight of the Fortune Tellers: Why We Need to Manage Financial Risk Differently


Author: Ricardo Rebonato

Publisher: Princeton University Press

Year Printed: 2007

Edition: First

Printing: First

Condition: Good

eBook: Google eBook

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Pages: 272

Height: 9.5 inches

Width: 6.5 inches

Notes: Plight of the Fortune Tellers is a must-read for anyone concerned about how today's financial markets are run. In a new preface, Rebonato explains how the ideas presented in this book fit into the context of the global financial crisis that followed its original publication. He argues that risk managers are still stuck in a probabilistic rut, and need to engage with the structural causes of real events.