Flooding is the most common natural hazard in the United States and results in more fatalities and higher losses on average than any other natural hazard. Since 2001, the average annual flood losses in the United States were more than $10.4 billion, and from 1978 to mid-2012, the National Flood Insurance Program (NFIP) paid more than $41.3 billion in flood insurance claims. Flood hazard mitigation can be achieved in several ways and is often different...

This book explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. Utilizing passages from his memos to illustrate his ideas, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Brilliantly applying insight to today's volatile markets, Marks offers a volume that is part memoir, part...

"Risk management has become virtually as important as portfolio construction and asset selection, more so after the financial crisis of 2008-2009. Those who understood the fine art of risk management survived the wreckage of the markets; those who depended entirely on risk modeling suffered greatly. The reality is that managing risk successfully is just as much art as science and involves a deep understanding of theory, market history, and meaningful...