RISK is the first book in finance expert Janet Tavakoli's Qualitative Finance series. Her reader-friendly commentaries on complex financial topics break new ground in global finance.Tavakoli's Unique Insights on Risk and Reward”Higher math produces the wrong answer to nine decimal places, and computers spit out the wrong answer faster. Technology churns out numbers that are astonishingly precise even when they are terrifyingly inaccurate.”Learn how to identify risk and opportunities.Identify a bank’s biggest risksManage the risk of short positions A new big short and how to find the next big shortThe huge hole in the Efficient Market HypothesisThe most important analysis to reduce portfolio riskRed flags for fraudThe paramount concept omitted from texts on riskThe major myth in Modern Portfolio TheoryA “fixed income” analysis that is as important for stocks as it is for bondsThe leverage paradoxHow to fix the global banking system