Best of 2006 Book Awards

The Best of 2006 Book Awards were just announced. Here is commentary on the winners, some honorable mentions and a whole category of losers.

Rubinstein's History Mark Taranto 26 Dec 2006
Re: Rubinstein's History Elliot 03 Jan 2007
Re: Rubinstein's History Mark Taranto 08 Jan 2007

Milton Friedman: A Lesson in Positive Risk Measurement

The philosophy of science tells us that many of the risk measures being implemented for market risk, credit risk and operational risk today are devoid of predictive content. They sound very scientific, but they are meaningless. Milton Friedman explained why.

Article 1 Andi 27 Nov 2006
Re: Article 1 Glyn Holton 29 Nov 2006
Friedman on Markowitz Mark Taranto 28 Nov 2006
Re: Friedman on Markowitz Glyn Holton 29 Nov 2006
Re: Friedman on Markowitz Mark Taranto 29 Nov 2006
Paul Samuelson's observations Glyn Holton 08 Dec 2006
Re: Friedman on Markowitz Mario Melchiori 10 Dec 2006
Bayes vs. Popper Eliezer Yudkowsky 10 Dec 2006
Re: Bayes vs. Popper mal 14 Dec 2006

A Motivational Thought

So often, business procedures read like some sort of legal disclaimer. Write them as you would a best-selling cookbook.

Whistle Blower Reporting Systems.... Andreas Steiner 13 Nov 2006

The Trend is Your Friend: Value-at-Risk and Amaranth

The Amaranth debacle has reignited a debate about value-at-risk. Here is what you need to know.

Ten-day 99% VaR has worked fine. B. Myerson 28 Oct 2006
Re: Ten-day 99% VaR has worked fine. Mark Taranto 30 Oct 2006
Re: Ten-day 99% VaR has worked fine. Horseless 30 Oct 2006
Re: Ten-day 99% VaR has worked fine. Glyn Holton 01 Nov 2006
Re: Ten-day 99% VaR has worked fine. Glyn Holton 01 Nov 2006
Re: Ten-day 99% VaR has worked fine. Myerson 01 Nov 2006
Re: Ten-day 99% VaR has worked fine. Krassimir 02 Nov 2006
Re: Ten-day 99% VaR has worked fine. Glyn Holton 08 Nov 2006
What about 30-day 99% VaR... Andreas Steiner 09 Nov 2006
Re: What about 30-day 99% VaR... Glyn Holton 10 Nov 2006
Re: What about 30-day 99% VaR... Andreas Steiner 13 Nov 2006
Re: What about 30-day 99% VaR... Glyn Holton 14 Nov 2006
Defining Liquidity Risk ... Glyn Holton 20 Nov 2006
Re: Defining Liquidity Risk ... Andrewas Steiner 23 Nov 2006

A Right Way and a Wrong Way

There are two fundamentally different approaches to financial risk management. Do you know which one your company is using?

Article 2 Chrisada Sookdhis 19 Oct 2006
Re: Article 2 Mark Taranto 23 Oct 2006
Re: Article 2 -- additional comment Mark Taranto 23 Oct 2006
Re: Article 2 -- additional comment Lionel 23 Oct 2006
Re: Article 2 -- additional comment Mark Taranto 25 Oct 2006

Inaugural Article

Back in the mid-1990s, financial risk management was the darling of Wall Street, but those heady days are long gone.

Looking forward to reading more ... Ray 13 Oct 2006
risk blog john sodergreen 16 Oct 2006
Good Sappi 18 Oct 2006
Blog david 18 Oct 2006

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