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150: Aaron Brown, Pt. 2 – A Lesson in Risk Taking—with the Former Risk Manager of a $200B Fund

Chat With Traders

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Risk Managers Are Not There to Prevent Disaster

A risk manager's job is to manage the risk, not predict and prevent disaster. The people who try to predict or guess the future are enemies of risk management. You want limits in place that only kick in when survival is at stake. Every idea anybody ever had makes money for a while but then loses it.

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