This analogy was taken from An Economist Walks into a Brothel: And Other Unexpected Places to Understand Risk. The best part about the book are the interviews with people like prostitutes, big wave surfers and professional photographers who discuss ways they manage risk:
In An Economist Walks into a Brothel, Schrager equips readers with five principles for dealing with risk, principles used by some of the world's most interesting risk takers. For instance, she interviews a professional poker player about how to stay rational when the stakes are high, a paparazzo in Manhattan about how to spot different kinds of risk, horse breeders in Kentucky about how to diversify risk and minimize losses, and a war general who led troops in Iraq about how to prepare for what we don't see coming.
It starts off slowly, but stick with it. Highly recommended, and not just for finance students.
Reason podcast discussing book
I want to testify about United blank atm cards which can withdraw money from any atm machines around the world. I was very poor before and have no job. I saw so many testimony about how United hackers send them the atm blank card and use it to collect money in any atm machine and become rich. I email them also and they sent me the blank atm card. I have use it to get 90,000 dollars. withdraw the maximum of 5,000 USD daily. United hackers is giving out the card just to help the poor. Hack and take money directly from any atm machine vault with the use of atm programmed card which runs in automatic mode.
ReplyDeleteEmail: unitedblankatmhackcard@gmail.com