“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

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Many financial disasters can be traced to people who thought they were hedging." by Aaron C. Brown?
Aaron C. Brown photo
Aaron C. Brown 15
American financial analyst 1956

Related quotes

Gottlieb Wilhelm Leitner photo

“Many disasters can be traced to our linguistic shortcomings. Millions of money and multitudes of men have been sacrificed in order to save the prestige of a mistake in translation committed "by authority."”

Gottlieb Wilhelm Leitner (1840–1899) British orientalist

Writings of Dr. Leitner, Chapter: Oriental Translations of English Texts, p. 151

Jacques Dubochet photo

“Reasonably, all these [fossil fuel] investments are financial dead-ends or ecological disasters.”

Jacques Dubochet (1942) Nobel prize winning Swiss chemist

French: Raisonnablement, tous ces investissements [dans les énergies fossiles] sont des culs-de-sac financiers ou des catastrophes écologiques.
Source, in French: Jacques Dubochet, Parcours, Éditions Rosso, 2018, page 145 (ISBN 9782940560097).

Robert T. Kiyosaki photo

“That is financial intelligence. It is not so much what happens, but how many different financial solutions you can think of to turn a lemon into millions. It is how creative you are in solving financial problems.”

Robert T. Kiyosaki (1947) American finance author , investor

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

Jodi Picoult photo

“He insisted that stars were people so well loved, they were traced in constellations, to live forever”

Jodi Picoult My Sister's Keeper

Source: My Sister's Keeper

Clement Attlee photo

“There were few who thought him a starter,
Many who thought themselves smarter.
But he ended PM,
CH and OM,
an Earl and a Knight of the Garter.”

Clement Attlee (1883–1967) Former Prime Minister of the United Kingdom

Kenneth Harris, Attlee (Weidenfeld and Nicholson, London, 1982)
Self-penned limerick.
1960s

Quentin Crisp photo

“Treat all disasters as if they were trivialities but never treat a triviality as if it were a disaster.”

Quentin Crisp (1908–1999) writer, Actor
Theodore Kaczynski photo

“There are many people today who see that modern society is heading toward disaster in one form or another, and who moreover recognize technology as the common thread linking the principal dangers that hang over us.”

Theodore Kaczynski (1942) American domestic terrorist, mathematician and anarchist

Source: Anti-Tech Revolution: Why and How (2016), p. 1

Greg Behrendt photo

“So many of us find ourselves saying, “but he was so great!” Yes, and the people who got on the Titanic thought they were going on vacation. Things changed and it’s important to remember that they did.”

Greg Behrendt (1963) American comedian

Source: It's Called a Breakup Because It's Broken: The Smart Girl's Break-Up Buddy

Harold Wilson photo

“Traders and financiers all over the world had been listening to the Chancellor. For months he had said that if he could not stop the wage claims, the country was "facing disaster". Those were his own words. Rightly or wrongly these people believed him. For them, 5th September—the day that the Trades Union Congress unanimously rejected the policy of wage restraint—marked the end of an era. And all these financiers, all the little gnomes in Zurich and the other financial centres about whom we keep on hearing, started to make their dispositions in regard to sterling.”

Harold Wilson (1916–1995) Former Prime Minister of the United Kingdom

Speech in the House of Commons (12 November 1956) http://hansard.millbanksystems.com/commons/1956/nov/12/debate-on-the-address; often quoted as "gnomes of Zürich".

Alan Greenspan photo

“Rising interest rates have been advertised for so long and in so many places that anyone who has not appropriately hedged this position by now obviously is desirous of losing money.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Novermber 2004 in a speech in Frankfurt.
2000s

Related topics