Abstract
In the real world, there are many different ways of making money by taking financial risk. Welcome to the world of investors and loans, but also to hedge funds and derivatives. And welcome to the gambling casino, too. The approaches we are concerned with in this chapter share one common trait: they are always about taking a financial position in anticipation of a predicted outcome. What we are not talking about are agents earning a commission or fee on a financial transaction with no position themselves. This is the commission business model we spoke about already in Chapter 4.
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Notes
Peter L. Bernstein (1996) Against the Gods: The Remarkable Story of Risk, John Wiley & Sons, New York, pp. 1–8.
PartyGaming Plc. (2008) Preliminary Results FY2007, date published March 5, 2008, p. 3.
PartyGaming Plc. (2008) Preliminary Results FY2007, date published March 5, 2008, p. 3.
John Battelle (2005) The Search: How Google and Its Rivals Rewrote the Rules of Business and Transformed Our Culture, New York: Portfolio, pp. 95–121.
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© 2011 Erik Schlie, Jörg Rheinboldt & Niko Marcel Waesche
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Schlie, E., Rheinboldt, J., Waesche, N.M. (2011). The seventh building block — financial management. In: SimplySeven. IE Business Publishing. Palgrave Macmillan, London. https://doi.org/10.1057/9780230349674_8
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DOI: https://doi.org/10.1057/9780230349674_8
Publisher Name: Palgrave Macmillan, London
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