From the early 1970s to the present day, financial risk management has grown by leaps and bounds. Aaron Brown, a long time risk management professional, had a front-row view of much of this evolution. Recalling both his own experiences and those of his colleagues, Brown outlines and analyzes the seminal events that
transformed the industry over the past 40 years including the birth of financial risk, the impact of Black Monday, the rise of quants on Wall Street and the development of Value-at-Risk and economic capital models. |