There are people who disapprove of every risk before the fact, but never stop anyone from doing anything dangerous because they want to take credit for any success. Contains illustrations and graphic narrative by renowned manga artist Eric Kim.Written in an engaging but rigorous style, with no equations.Written by Aaron Brown, one of the most calculated and successful risk takers in the world of finance, who was an active participant in the creation of modern risk management and had a front-row seat to the last meltdown.Addresses essential issues ranging from the way you think about chance to economics, politics, finance, and life.Includes an intellectually rigorous narrative addressing what it takes to really make it in any risky activity, on or off Wall Street.Contains a secret history of Wall Street, the parts all the other books leave out.Red-Blooded Risk presents specific, actionable strategies that will allow you to be a practical risk-taker in even the most dynamic markets. The only way to succeed at anything is to manage true risk, which includes the chance of loss. While most commentators say that the last financial crisis proved it's time to follow risk-minimizing techniques, they're wrong.

Red-Blooded Risk examines this approach and offers valuable advice for the calculated risk-takers who need precise quantitative guidance that will help separate them from the rest of the pack. The same practical techniques are still used today by risk-takers in finance as well as many other fields. This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the powerful modern global derivatives economy. An innovative guide that identifies what distinguishes the best financial risk takers from the restįrom 1987 to 1992, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management for risk-takers.

Aaron brown red blooded risk