The Risk-Wise Investor: How to Better Understand and Manage Risk
"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." (Transitionsmagazine, 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