This book breaks the concepts and applications of contemporary risk management into clear, simple language that everyone can understand. For the individual investor, it gives a solid framework for making risk decisions. For the professional, it reminds them (or perhaps, explains) for the first time what is behind their models.
DAN BORGE was managing director and partner at Bankers Trust Company. During his twenty years with Bankers Trust, he was the architect of RAROC, the first-ever risk management system implemented institutionally. Prior to working at Bankers Trust, he designed airplanes at Boeing. Mr. Borge has a degree in aeronautical engineering and a doctorate in finance from Harvard Business School.