PREFACE
PART ONE
The Nature of Risk 1
CHAPTER 1
The Failure of Invariance by Peter L. Bernstein 3
CHAPTER 2
Inverted Reasoning and Its Consequences: Confusing the Present
with the Future-Discounting by George C. Selden 17
CHAPTER 3
A New Paradigm for Portfolio Risk by Robert H. Jeffrey 27
CHAPTER 4
The Likelihood of Loss by Mark Kritzman 35
PART TWO
Measuring Risk 43
CHAPTER 5
Measuring and Managing Investment Risk by Roger G. Clarke 45
CHAPTER 6
An Assessment of Alternative Models of Financial Market
Volatility by John F. O. Bilson 57
CHAPTER 7
The Case for the Relevancy of Downside Risk Measures
by David Nawrocki 79
contents
v
vii
CHAPTER 8
Measuring Risk for Asset Allocation, Performance Evaluation,
and Risk Control: Different Problems, Same Solution
by Christopher L. Culp, Ph.D., and Ron Mensink 97
CHAPTER 9
Model Risk by Emanuel Derman 129
CHAPTER 10
Technology and the Capital Markets by Ben Warwick 143
CHAPTER 11
Horizon Problems and Extreme Events in Financial Risk
Management by Peter F. Christoffersen, Francis X. Diebold,
and Til Schuermann 155
PART THREE
The Investment Manager’s Viewpoint 171
CHAPTER 12
A Behavioral Framework for Time Diversification
by Kenneth Fisher and Meir Statman 173
CHAPTER 13
Converging Correlations and Market Shocks:
Implications for Managing Risk by Louis Llanes 189
CHAPTER 14
Investing on the Edge of Chaos by Mike Howell 207
CHAPTER 15
Hedge Fund Risk by Brian Cornell 219
CHAPTER 16
The Risk of Informationless Investing: Hedge Fund Performance
Measurement Bias by Andrew B.Weisman 247
INDEX 265

[此贴子已经被作者于2008-9-19 6:58:38编辑过]