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Red-Blooded Risk: Quantitative Strategies for Embracing Risk #2020

Red Blooded Risk Quantitative Strategies for Embracing Risk An innovative guide that identifies what distinguishes the best financial risk takers from the restFrom to a small group of Wall Street quants invented an entirely new way of managing risk

  • Title: Red-Blooded Risk: Quantitative Strategies for Embracing Risk
  • Author: Aaron Brown EricKim
  • ISBN: -
  • Page: 233
  • Format: Kindle Edition
  • Red-Blooded Risk: Quantitative Strategies for Embracing Risk By Aaron Brown EricKim, An innovative guide that identifies what distinguishes the best financial risk takers from the restFrom 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 This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the powerful modern globAn innovative guide that identifies what distinguishes the best financial risk takers from the restFrom 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 This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the powerful modern global derivatives economy The same practical techniques are still used today by risk takers in finance as well as many other fields 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 While most commentators say that the last financial crisis proved it s time to follow risk minimizing techniques, they re wrong The only way to succeed at anything is to manage true risk, which includes the chance of loss Red Blooded Risk presents specific, actionable strategies that will allow you to be a practical risk taker in even the most dynamic markets.Contains a secret history of Wall Street, the parts all the other books leave outIncludes an intellectually rigorous narrative addressing what it takes to really make it in any risky activity, on or off Wall StreetAddresses essential issues ranging from the way you think about chance to economics, politics, finance, and lifeWritten 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 meltdownWritten in an engaging but rigorous style, with no equationsContains illustrations and graphic narrative by renowned manga artist Eric KimThere 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 The recent financial crisis has swelled their ranks, but in learning how to break free of these people, you ll discover how taking on the right risk can open the door to the most profitable opportunities.

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      Posted by:Aaron Brown EricKim
      Published :2020-02-10T19:30:20+00:00

    1 thought on “Red-Blooded Risk: Quantitative Strategies for Embracing Risk

    1. Very interesting ideas Use VaR as a way to understand normal scenarios and that you know what drives them and that you have good data, and always remember that VaR is NOT risk.Kelly fraction is ideal for betting, adding a bayesian element in order to update your assessment of your odds can lead to very desirable results Diversification works for truly uncorrelated assets, having thousands of correlated assets makes no difference from having 20.

    2. The beginning of the book covers the history of probability and risk, starting with Pascal The author then moves on to the history of risk in modern day financial institutions specifically, hedge funds I found the first half pretty interesting, and then started glazing over as the content got and hedge fund specific I think financially minded readers would appreciate the book than I did.

    3. Really good A little too much rambling into philosophy, like Taleb First 100 pages is tour de force looking at the markets from the perspectives of Modern Portfolio Theory and the Kelly Criterion.

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