Fooled by Randomness
by Nassim Nicholas Taleb · Nassim Nicholas Taleb
Taleb examines how luck is routinely mistaken for skill in markets and life, drawing on survivorship bias, alternative histories, and asymmetric payoffs. Readers finish better able to question track records and their own causal explanations.
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More resources on Risk Management
Against the Gods: The Remarkable Story of Risk
Bernstein traces the history of probability and risk from ancient dice games through Pascal, Bernoulli, Bayes, and modern portfolio theory. Readers come away understanding how measuring uncertainty became possible and where quantitative risk models inherit their assumptions.
CFA Institute
Official site of the body that sets and administers the CFA exams, publishing the curriculum topic areas and weights, exam policies, sample questions, the Code of Ethics and Standards of Professional Conduct, and research. Candidates use it to plan study against the tested content.
The Essentials of Risk Management
A practitioner overview of market, credit, operational, and liquidity risk, covering governance, Basel capital rules, VaR, credit models, and hedging. Readers finish able to follow how a bank measures and allocates risk across its business lines.
Introduction to Risk Management
Today's financial services organizations face a complex web of interconnected risks, which must be managed and mitigated to protect the company, its customers, and the ongoing stability of the global financial and economic system. Banks and other financial services organizations that do not manage risk effectively are at risk of failing. And, due to their size and interconnectedness, when a large bank fails, it can lead to negative consequences experienced at a global level. This risk management course provides the fundamental building blocks for any aspiring risk analyst or manager. By introducing the concept of risk, the wide spectrum of risks a financial services organization is exposed to, and reviewing the risk management approach taken at an enterprise level, students will be exceptionally well-placed to build and develop their risk management capabilities. Upon completing this course, participants will be able to: ● Define what risk is for banks and financial institutions ● Give real world examples of failures in risk management from the banking industry ● Compare the various risks a bank and financial institution is exposed to ● Identify the stages in an effective enterprise risk management framework ● Explain the importance of a strong risk culture This introductory course is essential to anyone exploring a career in risk management in the financial services industry.
Investment and Portfolio Management
University of Geneva course in the Investment Management specialization covering modern portfolio theory, asset allocation in practice, and risk measurement. Learners finish able to construct a diversified portfolio, compare allocation approaches, and measure and manage portfolio risk.
The Black Swan
Taleb argues that rare, high-impact events dominate outcomes yet escape models built on normal distributions and historical data. Readers gain a working skepticism toward forecasts and a vocabulary for reasoning about fat tails and hidden fragility.