Acknowledgments

I would like to thank those who helped make this book possible. First and foremost, thanks to Larry Siegel for his valuable insights, suggestions, and diligent editing of the initial Research Foundation manuscript. The Research Foundation of the CFA Institute made this project possible with its generous funding. Many others have contributed throughout the years to my education in managing risk, with special thanks owed to my former colleagues Gian Luca Ambrosio and Michael du Jeu—together we learned many of the world's practical lessons. I thank all those from whom I have learned; the errors, unfortunately, remain my own.

“You haven't told me yet,” said Lady Nuttal, “what it is your fiancé does for a living.”

“He's a statistician,” replied Lamia, with an annoying sense of being on the defensive.

Lady Nuttal was obviously taken aback. It had not occurred to her that statisticians entered into normal social relationships. The species, she would have surmised, was perpetuated in some collateral manner, like mules.

“But Aunt Sara, it's a very interesting profession,” said Lamia warmly.

“I don't doubt it,” said her aunt, who obviously doubted it very much. “To express anything important in mere figures is so plainly impossible that there must be endless scope for well-paid advice on how to do it. But don't you think that life with a statistician would be rather, shall we say, humdrum?”

Lamia was silent. She felt reluctant to discuss the surprising depth of emotional ...

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