Risk Management: A Helicopter View (FRM Part 1 - Book 1 - Chapter 1)

[@kushal3214]

Thank you James. The videos are precise and clear. The content is Clear and the examples used are easy to relate.

[@analystprep]

You're welcome. Glad you like it!

[@sauravpratapsingh2514]

So nicely explained thanks for vedio people like me who does not have access to resource will be benifit by it keep it up sir You r doing excellent job

[@analystprep]

You're welcome and thank you for the kind words!

[@vuongmyanh92]

Thank you for your great lectures. I hope that you will continue uploading videos for FRM part 1 book 4 .

[@analystprep]

Hi. Yes, we will be continuing uploading videos every week.

[@rehaankhan7632]

Hello Anh.. have you completed FRM part 1. Can you help me my whatsapp number is [phone]

[@atulnemlekar9539]

Thanks a ton! James sirji !! This was quite insightful and easy to understand.

[@analystprep]

Glad you liked it!

[@amitsingh6469]

Thanx for uploading such useful videos.Pls also sugeest study materials for FRM

[@analystprep]

You're welcome. analystprep.com/frm has everything you need to pass the exam. Simply register an account and get started right away.

[@mandar505]

Hello James, Your videos are great! Can you please upload a video for " How to prepare for FRM Exam in 4 months?" for someone who has cleared CFA L1 and has an engineering background.

[@analystprep]

Hi. Thank you for your kind words! We take your input and will try to do a video like this. In the meantime, you can read our FRM 3-month study plan here: analystprep.com/blog/frm-part-1-exam-3-month-study-plan/

[@ronakkothari398]

Would it be a good decision to take frm exam after graduating in 2013 and having no prior experience. Would it help in getting a good job.

[@analystprep]

Yes, the FRM certification would help you land a job in the risk management field. However, since you graduated in 2013 you might need to put in lots of efforts.

[@ronakkothari398]

@@analystprep thank you. What more skillset or certification i can work to get a good job. As i was running a small business of my own for last 6 years. Thank you once again

[@rehaankhan7632]

Hello Sir, I'm a big fan of you. I love the way you teach. Sir one of my request is, can I get the pdf copy of your lacture. Thanks

[@analystprep]

Hi. They are included in AnalystPrep's premium packages at app.analystprep.com

[@Tccq-h9r]

VaR is interpreted as the minimum expected loss while in FRM it is the maximum loss ,so which one is correct?

[@analystprep]

The formal definition of VaR from Wikipedia is: "Value at risk (VaR) is a measure of the risk of loss for investments. It estimates how much a set of investments might lose (with a given probability), given normal market conditions, in a set time period such as a day." For example, if a portfolio of stocks has a one-day 5% VaR of $1 million, that means that there is a 0.05 probability that the portfolio will fall in value by more than $1 million over a one-day period if there is no trading. Informally, a loss of $1 million or more on this portfolio is expected on 1 day out of 20 days (because of 5% probability). This is what you have to understand at this point in your studies. However, we'll be spending a lot of time on VaR calculations in the next few FRM part 1 books. You'll then be able to understand this concept a lot more clearly.