Professor and Author
Contributor's Links: eRaider

I was born in Seattle, Washington in 1956. I was a quant nerd and computer geek before anyone (including me) knew what those things were.

On Wall Street I worked as a portfolio manager, trader, head of quantitative research and head of mortgage securities for various firms. But ... more

ALL CONTRIBUTIONS

Are Cryptocurrencies An Asset Class? Yes And No
The answer has nothing to do with correlations, trading volume, market cap, projected returns, governance or regulation.
Read
Cryptocurrencies Move A Step Closer To The Mainstream
The opening of the LedgerX platform creates the possibility of large-scale trading among traditional financial institutions.
Read
Book Review: Ben Horowitz's The Hard Thing About Hard Things
Ben Horowitz's new book is built around around a claim that the man on the street may find laughable: public company CEOs have a hard job. His goal is to help investors understand public company managers.
Read

STOCKS I FOLLOW

AAPL Apple Inc.
ASTI Ascent Solar Technologies Inc.
BITCOMP Bitcoin
FB Facebook Inc
GOOGL Google (A shares)
NFLX Netflix Inc.
OIL iPath B S&P GSCI Crude Oil TR ETN
USO United States Oil Fund, LP

TWEETS

PERSONAL BLOG

Latest Posts
Valuing The Super Bowl Squares
Super Bowl Squares, also known as Boxes, is a popular office and Super Bowl party gambling game. Want to know what various squares are worth? The usual values you see on the Internet are wrong, here's a better approach.

Work Experience

Professor and Author
Freelance Editor/Writer
June 2017 - Present (2 years 4 months)
Managing Director and Head of Financial Markets Research
AQR Capital Management
June 2016 - June 2017 (1 year 1 month)
Risk Manager
AQR Capital Management
May 2007 - June 2016 (9 years 3 months)
Author
Red-Blooded Risk
2011 - 2011 (9 months)
Sustaining Member
PRMIA (Professional Risk Managers' International Association
2002 - 2011 (9 years 10 months)
Board Member
Global Association of Risk Professionals
1999 - 2011 (12 years 11 months)
NuclearPhynance
Poster
2003 - 2010 (7 years 10 months)
Board Member
Global Associates
2000 - 2009 (9 years 10 months)
Risk Methodology
Morgan Stanley
May 2004 - June 2007 (3 years 2 months)

Education

Yeshiva University
University of Washington
The University of Chicago
MBA
1980 / 1984
Finance & Statistics
Harvard University
1974 / 1978
Applied Mathematics

Publications

Financial Risk Management for Dummies
Aaron Brown
For Dummies
12/14/2015

Take the risk out of financial risk management

Written by bestselling author and past winner of the GARP Award's Risk Manager of the Year, Aaron Brown, Financial Risk Management For Dummies offers thorough and accessible guidance on successfully managing and controlling financial risk within your company. Through easy-to-follow instruction, you'll find out how to manage risk, firstly by understanding it, and then by taking control of it. Plus, you'll discover how to measure and value financial risk, set limits, stop losses, control drawdowns and hedge bets.

Red-Blooded Risk: The Secret History of Wall Street
Aaron Brown
Wiley
10/11/2011

An innovative guide that identifies what distinguishes the best financial risk takers from the rest

From 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.

A World of Chance: Betting on Religion, Games, Wall Street
Aaron Brown
Cambridge University Press
08/04/2008

Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically there were no financial institutions such as banks, lotteries constituted the ways by which expensive items were disposed of, and governments raised money quickly. Gambling tables fulfilled roles that venture capital and banking do today. "Gamblers" created clearinghouses and sustained liquidity. When those gamblers bet on price distributions in futures markets, they were redefined as "speculators."

The Poker Face of Wall Street
Aaron Brown
Wiley
07/27/2007

Wall Street is where poker and modern finance?and the theory behind these "games"?clash head on. In both worlds, real risk means real money is made or lost in a heart beat, and neither camp is always rational with the risk it takes. As a result, business and financial professionals who want to use poker insights to improve their job performance will find this entertaining book a "must read." So will poker players searching for an edge in applying the insights of risk-takers on Wall Street.