150: Aaron Brown, Pt. 2 – A Lesson in Risk Taking—with the Former Risk Manager of a $200B Fund
Chat With Traders
00:00
Taking Advantage of Unexpected Events
We had defenses against both of those things, but because we had never had a sophisticated, higher skilled people who were willing to do a suicide attack using hidecking airplanes. But that's exactly the reason it happened. If you make o business writing insurance policies and suffing lottery tickets, then if anything unexpected happens, you're probably toast. I tell you, people spend a lot of time worrying about exactly what bad events or or surprising events are going to happen. And there just isn't very much a value in that. Much, much prefer to have these a robust strategies that actually do better.
Transcript
Play full episode
