Other people snap up the riskless profits pretty fast and b… - Aaron C. Brown

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Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot less crowded if you go for the incalculable risks, leaps of faith that cannot be inspected carefully before takeoff. So that is where you find extraordinary opportunities.

Aaron C. Brown

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About Aaron C. Brown

Aaron C. Brown (born November 27, 1956) is an American author and financial trader. He is best-known for the idea that the economics of modern global derivatives evolved from gambling games rather than older financial institutions, and that gambling remains at the core of economic life.

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Originators like Aaron C. Brown:

Richard Arnold Epstein John Kenneth Galbraith Warren Buffett Didier Sornette Benjamin Graham

Additional quotes by Aaron C. Brown

If no one gambled against the grain in good times, there would be no winners to inspire people in the bad times.

Mathematical theory, tested in practice and constantly retested, is a valuable aid to play. Mathematics alone will blind you and let others rob you.

There is a deep, ancient connection between gambling and divination.

Other people snap up the riskless profits pretty fast and bid the price of calculable risk opportunities to near their fair values. Things get a lot … - Aaron C. Brown

About Aaron C. Brown

Works in ChatGPT, Claude, or Any AI

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