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THE PSYCHOLOGY OF RISK

By Ari Kiev,MD
MRP: Rs.5,516.00 You save: Rs.1,055.92 (19%)
Net Price: Rs.4,460.08
Price in points: 4461 points
Reward points: 45 points
9780471403876
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One of the financial world's most respected experts on the psychology of risk provides a revolutionary risk management model Over the past three decades investors have adopted all varieties of complex quantitative systems for quantifying and managing risk. Yet, sophisticated investors and money managers continue to suffer record losses in today's increasingly volatile markets. This book bridges the gap between investor psychology and quantitative risk management with a revolutionary risk management program that virtually any trader or investor can easily adapt to their goals and personalities. Using numerous fascinating real-life case studies, Dr. Kiev illustrates the various psychological and emotional traps to which even the savviest investors can fall victim. He develops a dynamic new risk management model that combines quantitative models and money management techniques. He also provides rigorous guidelines that will help readers answer such crucial questions as: How much should I trade? How much risk can I handle? and When should I get out?

Praise for The PSYCHOLOGY of RISK

"The Psychology of Risk is equally vital for everyone from the day trader to short-term online trader to long-term investor. A clear, enjoyable insight into what makes trading success."
-Alpesh B. Patel, Financial Times columnist and author of Trading Online

"Once again Dr. Kiev delivers a book that should be read cover to cover and kept as a reference. The Psychology of Risk explores the elements of risk taking as they relate to the human psyche."
-John Floyd, Director, Proprietary Trading, Deutsche Bank AG

"In 2000 and 2001, benchmark U.S. equity indices experienced the worst two-year performance since the bear market of 1973-74. Among the winners in this tumultuous market environment were those that invested with short time horizons rather than those that utilized a rigid buy-and-hold 'one decision' philosophy. Against this backdrop, Kiev, in his familiar pull-no-punches style, delivers an insightful, timely, and pragmatic thesis that focuses on the inner game of trading: psychology, discipline, and the holy grail-timing. A captivating read for those in search of a performance edge."
-Ciaran T. O'Kelly, Head of Equity Trading, Salomon Smith Barney

"Ari has proven himself to be a keen coach of world-class traders. The Psychology of Risk is a great read for those looking to better understand what it takes to put oneself at risk in the market."
-Kevin Becker, CIO, Claiborne Capital Management, LP

"Ari Kiev has done it again. One of Wall Street's preeminent trading coaches, he explores some useful principles of risk taking which will help traders to take their game to the next level."
Jay Goldman, Hedge Fund Manager, Goldman & Co., LP

Books

Author:
Ari Kiev,MD
Binding:
Hardcover
Condition Type:
New
Country Origin:
USA
Edition:
1st
Gift Wrap:
N
Leadtime to ship in days (default):
Usually ship in 25-30 working Days / If Out of stock will take 25-30 working days for procurement
Leadtime to ship in days(if not in stock):
Usually ship in 25-30 working Days
Page:
292
Publisher:
John Wiley & Sons
Year:
2002

Dimensions

Dimensions (W x H x D):
16.4 x 2.9 x 23.2

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