<< Listen More; A Lesson In Risk Taking - With The Former Risk Manager Of A $200B Fund: Part 1

Audio Length: 01:04:53

To refresh your memory, Aaron is highly regarded as an authority on the subject of risk taking. For the past 30-years he’s worked as a dedicated risk manager, and for the past decade, Aaron was the risk manager for renown quant fund, AQR.

After hearing this second installment, I would like to think, you’ll gain deeper insight for how to better understand and manage risk as a speculator…

Topics of discussion:

• The various ways people frame risk to express either a positive or negative opinion, and why some traders lack focus on the one core objective of trading.
• Aaron explains what has helped him to be successful as a risk manager—what things does he do well, and why you’re best to begin taking risks at a young age.
• Questions traders should be asking themselves about risk and two scenarios to think through prior to any trade, plus the characteristics of a “risk avoider.”
• From a risk perspective, is it better to have a high win rate strategy? Aaron shares his thoughts on varying win rates and how to define a profit/payout ratio.
• Unknown unknowns; Aaron speaks about black swans, protecting against unexpected outcomes, and killing opportunity by trying to prevent disaster.