A timely approach to downside risk and its role in stock market investments
When dealing with the topic of risk analysis, most books on investments treat downside and upside risk equally. Preparing for the Worst takes an entirely novel approach by focusing on downside risk and explaining how to incorporate it into investment decisions. Highlighting this asymmetry of the stock market, the authors describe how existing theories miss the downside and follow with explanations of how it can be included. Various techniques for calculating downside risk are demonstrated.
This book presents the latest ideas in the field from the ground up, making the discussion accessible to mathematicians and statisticians interested in applications in finance, as well as to finance professionals who may not have a mathematical background. An invaluable resource for anyone wishing to explore the critical issues of finance, portfolio management, and securities pricing, this book:
*         Incorporates Value at Risk into the theoretical discussion
*         Uses many examples to illustrate downside risk in U.S., international, and emerging market investments
*         Addresses downside risk arising from fraud and corruption
*         Includes step-by-step instructions on how to implement the methods introduced in this book
*         Offers advice on how to avoid pitfalls in calculations and computer programming
*         Provides software use information and tips

及时处理下行风险及其在股市投资中的作用
当谈到风险分析的话题时，大多数关于投资的书籍都平等地对待下行风险和上行风险。为最坏的情况做准备需要一种全新的方法，即关注下行风险并解释如何将其纳入投资决策。强调了股市的这种不对称性，作者描述了现有的理论是如何忽略了下跌的，并解释了如何将其包括在内。演示了计算下行风险的各种技术。
这本书提出了该领域的最新想法，使讨论访问数学家和统计学家在金融领域的应用感兴趣，以及金融专业人士谁可能没有数学背景。对于任何想探索金融、投资组合管理和证券定价的关键问题的人来说，这本书是一个非常宝贵的资源：
*将风险价值纳入理论讨论
*使用许多例子来说明美国、国际和新兴市场投资的下行风险
*解决欺诈和腐败带来的下行风险
*包括如何实现本书中介绍的方法的分步说明
*提供有关如何避免计算和计算机编程中的陷阱的建议
*提供软件使用信息和提示