Aaron C. Brown Quotes (15 quotes) | Quotes of famous people

Aaron C. Brown: 15 quotes0 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

“From the lottery to raise the funds for the founding of Jamestown, Virginia, in 1607 to the lottery used to pay the interest on Dutch loans to the United States during the Revolutionary War, the development of the United States was funded by gambling.”

Aaron C. Brown

Source: The Poker Face of Wall Street (2006), Chapter 4, A Brief History of Risk Denial, p. 86

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

Aaron C. Brown

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

“Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never consciously accepting extra risk to pick up the money and other good things lying all around them.”

Aaron C. Brown

Source: The Poker Face of Wall Street (2006), Chapter 3, Finance Basics, p. 67

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

Aaron C. Brown

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.”

Aaron C. Brown

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.”

Aaron C. Brown

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

“Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.”

Aaron C. Brown

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 2

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

Aaron C. Brown

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.”

Aaron C. Brown

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.”

Aaron C. Brown

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.”

Aaron C. Brown

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

“The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical economy rather than the other way around.”

Aaron C. Brown

Source: The Poker Face of Wall Street (2006), Chapter 3, Finance Basics, p. 59

“If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundamentals. They're caused by investors buying and selling.”

Aaron C. Brown

Source: The Poker Face of Wall Street (2006), Chapter 1, The Art of Uncalculated Risk, p. 12

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

Aaron C. Brown

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

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