The "Risk-Wise" Risk Management Planning Process: (183 Wiley Global Finance Executive Select)

From The "Risk-Wise" Investor, this chapter takes you through a step-by-step process to effectively manage risk. This risk planning strategy is dedicated to helping you become familiar and completely comfortable with an easy-to-use, very effective, and holistic risk management planning process. It's a system that you can put to work right away in preparing for and effectively managing the risks you'll face. Author and industry veteran Michael Carpenter believes the key to risk management is to recognize that business and financial phenomenon exists and to factor it into your investment thinking. This chapter demystifies risk management, covering: Portfolio strategies for all market conditions Active and Passive risk management strategies Risk Assessment Decision Making Checklists

Table of Contents:
Preface. Acknowledgments. CHAPTER 1 The Increasing Importance of “Risk-Wise” Investing. CHAPTER 2 Introduction to the “Risk-Wise” Risk Management Process. CHAPTER 3 The Evolving History of Risk and Risk Management. CHAPTER 4 “Risk”—What Is It, and How Does It Work? CHAPTER 5 Which “School” of Risk Management Is Best? CHAPTER 6 How Your Body Can Work Against You. CHAPTER 7 Understanding the Risk Perception/Reality Gap. CHAPTER 8 Avoiding Common Pitfalls of Decision Making Under Uncertainty. CHAPTER 9 The Advantages of Managing Risk Categories. CHAPTER 10 Understanding and Prioritizing Risks. CHAPTER 11 The “Risk-Wise” Risk Management Planning Process. CHAPTER 12 Models of Outstanding Risk Management. CHAPTER 13 The Value of Knowledgeable and Trusted Financial Advice. CHAPTER 14 Navigating Crisis Events and Bear Markets. Summary and Afterthoughts. Notes. Bibliography. Additional Information for Readers. About the Author. Index.

About the Author :
Michael T. Carpenter is a true investment industry veteran, with over thirty-five years of professional experience. He has led industry programs at both Harvard and Columbia University. Carpenter has also worked as a successful financial advisor, then regional and national level executive with PaineWebber, and subsequently led national distribution efforts—including sales, sales support, and key accounts teams; product development, marketing, and national advisor and investor educational programs—for John Hancock Funds, as well as Transamerica IDEX, MFS, and Rydex Global Advisors before setting up his own Boston-based sales and marketing consulting firm in 2003.

Review :
"Page by page, this reliable resource outlines the "Risk Wise" investment process, from properly identifying, understanding, and prioritizing risks to selecting risk reduction/management strategies and evaluating risk/reward tradeoffs — all the way to explaining how to develop and implement a personalized action plan." (Transitions magazine, November 2009). "Most investors get wise to risk only after the damage has been done. Savvy investors know that risk management is the whole game. Michael Carpenter's superb new book, The Risk-Wise Investor, could save you much heartache, not to mention many dollars." —Don Phillips, Managing Director, Morningstar "Risk awareness, risk management, and risk control are the sine qua non of successful asset allocation and investment strategy. Michael Carpenter has done the global investment realm a HUGE service by bringing this essential discipline front and center. We've needed a book like this for a long time!" —David M. Darst, Chief Investment Strategist, Morgan Stanley Smith Barney; author of The Little Book that Saves Your Assets "Mike Carpenter's The Risk-Wise Investor can help any financial advisor do the most critical part of his or her job better—which is helping their clients not just understand, but master risk. My advice to advisors and investors: get hold of a copy. It's a no-risk way to improve your chances of investment success." —Robert L. Reynolds, President and CEO, Putnam Investments "Arriving at the tail-end of a tumultuous decade for investors, The Risk-Wise Investor will help individuals regroup and reset their expectations using a simple, personalized approach to understanding and managing investment risk. Mike Carpenter's approach makes the often arcane world of risk management real and provides insights that are timely as well as timeless." —Bill Glavin, Chief Executive Officer, OppenheimerFunds, Inc. "While risk cannot be totally eliminated, it can be prepared for and managed. With historical background, Mike Carpenter has simplified the process and modernized the approach." —John R. Kenney, Chairman and CEO, Clearwater Financial Marketing, LLC