Title: A book for all seasons
Product review: Iceberg risk describes in clear terms the financial risk that is missed by standard techniques. It is essential reading for anyone in financial risk management, as well as anyone interested in the quantitative reason for extreme financial events. It is an entertaining novel that gives a realistic picture of how risk management works in real institutions, a rigorous and original work of mathematics and a solid textbook that builds results step-by-step from basic algebra. This triple nature makes the book suitable for everyone from mathphobes to serious quants.
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