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My guest today is Aaron Brown, a finance practitioner, expert on risk management and gambling, speaks frequently at professional and academic conferences and author of \u201cRed-Blooded Risk,\u201d \u201cThe Poker Face of Wall Street,\u201d and co-author of \u201cA World of Chance.\u201d He was Chief Risk Manager at AQR Capital Management and one of the original developers of value at risk.\xa0At 8 or 9 years old Aaron would read the newspaper everyday just to see the sports and Wall Street numbers. Over time, he started to see patterns in those numbers and felt he might be able to make money off it. He came across a book at his library that mathematically proved he could \u201cbeat the house.\u201d At age 14 Aaron knew he could walk into a poker game and walk out with his opponents money. He gambled into his early 20\u2019s until he realized the real money to be made was on Wall Street.

The topic is risk management and gambling.

In this episode of Trend Following Radio we discuss:

• Quants
• Libertarian
• Poker
• Gambling
• Efficient market hypothesis
• Black swans

Jump in!

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I\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\u2019m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I\u2019d like to give you a great piece of advice you can use in your life and trading journey\u2026 cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

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