150: Aaron Brown, Pt. 2 – A Lesson in Risk Taking—with the Former Risk Manager of a $200B Fund
Chat With Traders
00:00
What Separates Good Risk Taken From Reckless Risk Taking?
Good risk taking as discipline is well thought out in advance. A very important piece of advice is to focus on the medium outcome. You know, there really can't be lucky or unlucky people a in the long run if they're keeping their bets roughly the same size. The way you get to be a lucky person is to put too much on one aand then win it. And the way you getting to be an unlucky person is put too little on a bet and loseit.
Transcript
Play full episode
