Financial Risk Management For Dummies – Book Review

Financial Risk Management For Dummies – Book Review by Martin S. Fridson, CFA, The Finance Professionals’ Post Financial Risk Management for Dummies. 2016. By Aaron Brown. John Wiley & Sons, Ltd., www.wiley.com. 384 pages, $26.99. The dummies to whom Financial Risk Management for Dummies is addressed are not outright novices. Rather, they exemplify the maxim that a little bit of knowledge is a dangerous thing. Aaron Brown, chief risk officer of AQR Capital Management, devotes much of the book to dispelling mistaken notions about his subject. “Risk management is not about predicting or preventing disaster,” he writes. Neither, says Brown,…