5 of 6 people found the following review helpful
5.0 out of 5 stars
essential insight into risk management, 22 July 2010
An essential insider's guide to the best and brightest in the world of fund management. I think that what's most interesting to non professional and professional investors alike is the way these managers manage risk. They are managing money to maximize risk v. reward, not maximize returns. Only the best of the best have figured out that what is essential to consistently compound returns is to limit downside and cut losses. This often heard saying to cut losses and let winners run is so easy to say and yet so very hard to do in practice. Let Drobny's book serve as an essential text to see how the best and brightest manage this task.