August 2013
Beginner
432 pages
9h 51m
English
Content preview from Financial Times Guide to Understanding Finance, The, 2nd Edition
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6
Risk III: Systematic risk
- Total risk and systematic risk
- Diversification again
- An example
- A brief digression on covariances
- A brief digression on international diversification
- The big picture
By now we know that when assessing the risk of a portfolio there is more to it than the volatility of each individual asset. In this chapter we’ll explore why this is the case, and while we’re at it, we’ll end up refining the way we assess risk. We’ll also explore the role of correlations in portfolios and briefly discuss the benefits of international diversification.
Total risk and systematic risk
When we started our discussion of risk in Chapter 3 we stressed that unlike the concept of return, which is straightforward, the concept of risk is slippery. ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.