Aaron C. Brown Quotes

Aaron C. Brown is an American finance practitioner, well known as an author on risk management and gambling-related issues. He also speaks frequently at professional and academic conferences. He was Chief Risk Manager at AQR Capital Management. He was one of the original developers of value at risk and one of its strongest proponents. Wikipedia  

✵ 27. November 1956
Aaron C. Brown: 15   quotes 0   likes

Famous Aaron C. Brown Quotes

“You need a strategy, and a trade or investment decision can be evaluated only in the context of that strategy.”

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 23

“If no one gambled against the grain in good times, there would be no winners to inspire people in the bad times.”

Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 81

“Fortunes made buying and selling securities have underwritten economic revolutions.”

Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 82 (See also: Rothchilds..)

“All exchange stimulates productive activity, whether exchange by gift, gambling, barter, or money transaction.”

Source: The Poker Face of Wall Street (2006), Chapter 5, Pokernomics, p. 127

Aaron C. Brown Quotes about people

“But you can't ignore dense people-they're not unarmed; they're armed differently.”

Source: The Poker Face of Wall Street (2006), Chapter 8, The Games People Play, p. 231

“Many financial disasters can be traced to people who thought they were hedging.”

Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 83

Aaron C. Brown Quotes

“Mathematics alone will blind you and let others rob you.”

Source: The Poker Face of Wall Street (2006), Chapter 9, Who Got Game, p. 279
Context: Mathematical theory, tested in practice and constantly retested, is a valuable aid to play. Mathematics alone will blind you and let others rob you.

“There's no way to know how good a player you are except by measuring against others.”

Source: The Poker Face of Wall Street (2006), Chapter 3, Finance Basics, p. 69

“Monotheism introduced the idea that we should passively accept whatever fate God dealt. Gambling seemed to be a refusal to do that.”

Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 75

“There is a deep, ancient connection between gambling and divination.”

Source: The Poker Face of Wall Street (2006), Chapter 6, Son of a Soft Money Bank, p. 167

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