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Rating: 
Summary: It doesn't touch upon the practical or real issues..
Review: Facing the fast development of modern financial world, in academic and practical sense, it is usually hard for me to make comments about the volume of a book in the field of risk management. Mr.Dowd's work is a very one in this area, by its timing and contents.Thank you , Kevin! Say something more about VaR.
Rating: 
Summary: Not for implementors.
Review: I think the book does a very good job in introducing every aspect of VaR. The "ENDNOTES" are very useful as it touches almost all recent ideas in the literature. The second appendix to chapter 6 is an excellent summary of recent research in VaR measurement. I took away one star because (1) My own bias toward mathematical details. The book ignores lot of technical details (2) The book devoted only 5 pages on historical simulation method. I think author could have said lot more about this topic. All in all, its a great book. If you are just diving into this exciting field of risk measurement, this is the best book.
Rating: 
Summary: An excellent textbook for risk professionals
Review: I would like to recommend this book to MBA/MS Finance students, academic researchers, and risk professionals. This is an excellent book on VaR and other risk management techniques.
Rating: 
Summary: A concise treatment of VaR
Review: The author goes right to the point. He explains well the VaR-related mathematics. There are a few mistakes, which would be easier to note if all derivations were provided. Overall, this is an excellent book.
Rating:
Summary: Not for implementors.
Review: The author has done good work in introducing the basic concepts in Value-at-Risk. However, the text leaves some important statistical and implementation points hidden, making implementing VaR look far too easy. For example, there is no discussion about the problems involved in long-term forecasting of correlations and volatilities. The much advertised "new distinctive investment approach", the so called "Generalized Sharpe Rule" is a rather naive treatment on classical risk/return analysis. However, the lack of mathematical rigour is well compensated with good references.
Rating:
Summary: Best book on VaR
Review: When we went to implement a VaR system, the price tag was going to exceed seven figures. Needless to say, I didn't hesitate to drop some money buying the available books on VaR. They all say essentially the same things. For practical worked examples, you can't beat Butler. But unless you are an absolute beginner (do you know what delta and gamma are?) you may find it too basic. The all-round best book is Dowd. It is well organized and a pleasure to read. It covers the math, but without getting bogged down in meaningless derivations. For readers who want more information, there are plenty of references to original sources. I followed up on a number of these, and was pleasantly surprised at how easy some of this stuff is to assimilate.
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