{"product_id":"the-risk-wise-investor-isbn-9780470478837","title":"The Risk-Wise Investor","description":"\u003cp\u003e\u003cb\u003eUser-friendly risk management tools, tips, and techniques for a less certain world\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThough a very high level of investor uncertainty, anxiety, and concern about risk now exists, the vast majority of investors do not genuinely understand investment risk-let alone how to effectively manage it. \u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e offers a totally new, user-friendly, non-technical way to help you better understand and manage uncertainty and risk. This practical guide will help investors avoid many common pitfalls and make well informed, knowledge-based decisions when facing uncertainty and risk. It also shows how to implement a personalized, systematic risk management planning process that will allow you to manage the risks you face more effectively and improve the likelihood of achieving specific investment goals. \u003cbr\u003e\u003cbr\u003eThough traditional investment advice is based on taking the long view and diversifying portfolios, the information here shows how to incorporate additional risk management considerations into your plans. \u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e also provides innovative insights that will help investors and their advisors better understand how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eGain a practical, user-friendly, knowledge based understanding of risk and risk management\u003c\/li\u003e \u003cli\u003eBetter understand and manage financial uncertainty and rapid change\u003c\/li\u003e \u003cli\u003eRelease life-risk management skills in the world of investments\u003c\/li\u003e \u003cli\u003eBecome less anxious, more knowledgeable, realistic, and potentially more successful investors\u003c\/li\u003e \u003cli\u003eLearn a new \"empowering\" definition of risk to more effectively address risk and uncertainty\u003c\/li\u003e \u003cli\u003eHelp reduce the likelihood and potential impact of negative surprises\u003c\/li\u003e \u003c\/ul\u003e  \u003cb\u003e\u003ci\u003ePreface.\u003c\/i\u003e\u003c\/b\u003e  \u003cp\u003e\u003cb\u003e\u003ci\u003eAcknowledgments.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1\u003c\/b\u003e The Increasing Importance of “Risk-Wise” Investing.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2\u003c\/b\u003e Introduction to the “Risk-Wise” Risk Management Process.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3\u003c\/b\u003e The Evolving History of Risk and Risk Management.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4\u003c\/b\u003e “Risk”—What Is It, and How Does It Work?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5\u003c\/b\u003e Which “School” of Risk Management Is Best?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6\u003c\/b\u003e How Your Body Can Work Against You.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7\u003c\/b\u003e Understanding the Risk Perception\/Reality Gap.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8\u003c\/b\u003e Avoiding Common Pitfalls of Decision Making Under Uncertainty.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9\u003c\/b\u003e The Advantages of Managing Risk Categories.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10\u003c\/b\u003e Understanding and Prioritizing Risks.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11\u003c\/b\u003e The “Risk-Wise” Risk Management Planning Process.\u003cbr\u003e \u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12\u003c\/b\u003e Models of Outstanding Risk Management.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13\u003c\/b\u003e The Value of Knowledgeable and Trusted Financial Advice.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14\u003c\/b\u003e Navigating Crisis Events and Bear Markets.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003eSummary and Afterthoughts.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003eNotes.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003eBibliography.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003eAdditional Information for Readers.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003eAbout the Author.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e\u003ci\u003eIndex.\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e  \"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.\" (\u003ci\u003eTransitions\u003c\/i\u003e magazine, November 2009).  \u003cp\u003e\"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.\"\u003cbr\u003e —Don Phillips, Managing Director, Morningstar\u003c\/p\u003e \u003cp\u003e\"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!\"\u003cbr\u003e —David M. Darst, Chief Investment Strategist, Morgan Stanley Smith Barney; author of The Little Book that Saves Your Assets\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e —Robert L. Reynolds, President and CEO, Putnam Investments\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e —Bill Glavin, Chief Executive Officer, OppenheimerFunds, Inc.\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e —John R. Kenney, Chairman and CEO, Clearwater Financial Marketing, LLC\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMichael T. Carpenter\u003c\/b\u003e is a true investment industry veteran, with over thirty-five years of professional experience. He has led industry programs at both Harvard and Columbia University. Carpenter has also worked as a successful financial advisor, then regional and national level executive with PaineWebber, and subsequently led national distribution efforts—including sales, sales support, and key accounts teams; product development, marketing, and national advisor and investor educational programs—for John Hancock Funds, as well as Transamerica IDEX, MFS, and Rydex Global Advisors before setting up his own Boston-based sales and marketing consulting firm in 2003.\u003c\/p\u003e \u003cp\u003eFinancial markets, and investing itself, have changed dramatically over the last few years. Historic changes have created incredible new investment opportunities as well as unsettling new challenges—increasing the potential impact of familiar old risks and the likelihood of totally new ones. With changes to the investment landscape continuing to occur more frequently, understanding and managing risk is now more important than ever.\u003c\/p\u003e \u003cp\u003eWritten in a straightforward and accessible style, \u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e is specifically designed to help you build a strong, knowledge-based under-standing of risk and risk management. It opens by reviewing our everyday life risk management process and then quickly reveals how to apply those same basic principles and well-honed life risk management skills in better understanding and managing investment risks.\u003c\/p\u003e \u003cp\u003ePage by page, this reliable resource skillfully outlines the \"Risk-Wise\" investment process—from properly identifying, understanding, and prioritizing risks to selecting risk reduction\/management strategies and evaluating risk\/reward tradeoffs—and shows you how to develop and implement your own personalized action plan. Along the way, you'll discover exactly what it takes to become a more effective \"Risk-Wise\" investor by:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eUsing an empowering new definition of risk to minimize unpleasant, negative surprises\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eConverting many risks into \"inconveniences\" and even potential opportunities\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eUnderstanding your \"risk biology\"\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eFocusing your risk management attention and resources in the right places\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eKnowing which risks to avoid, and which to accept and\/or manag\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eNavigating extraordinary crisis events, bear markets, frightening volatility, and the extremes of business cycles\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith \u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e as your guide, you'll be better prepared to manage common decision making and perception risks, as well as those risks that occur in roaring bull markets, frightening bear markets, and even uncertain market environments. But, most of all, you'll enjoy the peace of mind that comes from gaining a critical understanding of what it takes to be ready before financial risks become a reality.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePraise for THE RISK-WISE INVESTOR\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"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, \u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e, could save you much heartache, not to mention many dollars.\"\u003cbr\u003e \u003cb\u003e—Don Phillips, Managing Director, Morningstar\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"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!\"\u003cbr\u003e \u003cb\u003e—David M. Darst, Chief Investment Strategist, Morgan Stanley Smith Barney, and author of \u003ci\u003eThe Little Book that Saves Your Assets\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Mike Carpenter's\u003ci\u003e The Risk-Wise Investor\u003c\/i\u003e 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.\"\u003cbr\u003e \u003cb\u003e—Robert L. Reynolds, President and CEO, Putnam Investments\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Arriving at the tail-end of a tumultuous decade for investors, \u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e 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.\"\u003cbr\u003e \u003cb\u003e—Bill Glavin, Chief Executive Officer, OppenheimerFunds, Inc.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"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.\"\u003cbr\u003e \u003cb\u003e—John R. Kenney, Chairman and CEO, Clearwater Financial Marketing, LLC\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eThe Risk-Wise Investor\u003c\/i\u003e offers a totally new, user-friendly, non-technical way to better understand and manage investment uncertainty and risk. This practical guide outlines an easy and effective personalized risk management process that will allow you to plan for and deal with investment risk and help improve the likelihood of achieving your long-term investment goals.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990331867365,"sku":"NP9780470478837","price":37.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470478837.jpg?v=1761787390","url":"https:\/\/k12savings.com\/products\/the-risk-wise-investor-isbn-9780470478837","provider":"K12savings","version":"1.0","type":"link"}