An innovative guide that identifies what distinguishes the best financial risk takers from the rest

From 1987 to 1992, a small group of Wall Street quants invented an entirely new way of managing risk to maximize success: risk management for risk-takers. This is the secret that lets tiny quantitative edges create hedge fund billionaires, and defines the powerful modern global derivatives economy. The same practical techniques are still used today by risk-takers in finance as well as many other fields. "Red-Blooded Risk" examines this approach and offers valuable advice for the calculated risk-takers who need precise quantitative guidance that will help separate them from the rest of the pack.

While most commentators say that the last financial crisis proved it's time to follow risk-minimizing techniques, they're wrong. The only way to succeed at anything is to manage true risk, which includes the chance of loss. "Red-Blooded Risk" presents specific, actionable strategies that will allow you to be a practical risk-taker in even the most dynamic markets.Contains a secret history of Wall Street, the parts all the other books leave outIncludes an intellectually rigorous narrative addressing what it takes to really make it in any risky activity, on or off Wall StreetAddresses essential issues ranging from the way you think about chance to economics, politics, finance, and lifeWritten by Aaron Brown, one of the most calculated and successful risk takers in the world of finance, who was an active participant in the creation of modern risk management and had a front-row seat to the last meltdownWritten in an engaging but rigorous style, with no equationsContains illustrations and graphic narrative by renowned manga artist Eric Kim

There are people who disapprove of every risk before the fact, but never stop anyone from doing anything dangerous because they want to take credit for any success. The recent financial crisis has swelled their ranks, but in learning how to break free of these people, you'll discover how taking on the right risk can open the door to the most profitable opportunities.

Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically there were no financial institutions such as banks, lotteries constituted the ways by which expensive items were disposed of, and governments raised money quickly. Gambling tables fulfilled roles that venture capital and banking do today. "Gamblers" created clearinghouses and sustained liquidity. When those gamblers bet on price distributions in futures markets, they were redefined as "speculators." Today they are called "hedge fund managers" or "bankers." Though the names have changed, the actions undertaken have essentially stayed the same. This book shows how discussion on "chance," "risk," "gambling," "insurance," and "speculation" illuminates where societies stood, where we are today, and where we may be heading.

Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically there were no financial institutions such as banks, lotteries constituted the ways by which expensive items were disposed of, and governments raised money quickly. Gambling tables fulfilled roles that venture capital and banking do today. "Gamblers" created clearinghouses and sustained liquidity. When those gamblers bet on price distributions in futures markets, they were redefined as "speculators." Today they are called "hedge fund managers" or "bankers." Though the names have changed, the actions undertaken have essentially stayed the same. This book shows how discussion on "chance," "risk," "gambling," "insurance," and "speculation" illuminates where societies stood, where we are today, and where we may be heading.

Saint Antoninus of Florence was a Dominican friar and archbishop of Florence from 1446 to 1459. He composed one of the most comprehensive manuals of moral theology, the Summa, which has long been counted among the more copious, influential, and rewarding medieval sources. St Antoninus of Florence on Trade, Merchants, and Workers gives an orientation to the life and teaching of Saint Antoninus, focusing on his writings on economic ethics. It includes a critical edition of his original Latin text with an English translation. The book provides an extensive introduction to his thought, situating it in its intellectual and social context, and elucidates the development of medieval economic and moral doctrines in law and theology. The book examines historians’ arguments about Italian business culture in the wake of the medieval "Commercial Revolution" and whether this culture can be considered capitalistic. It concludes that while Saint Antoninus is surprisingly modern in the economic concepts he deploys, his moral teaching on proper means and ends in the marketplace stood against certain nascent capitalistic tendencies in fifteenth-century Florence. Through examination of the manuscripts, this book opens a window into a premodern author’s writing process that will be of interest to scholars of medieval manuscripts and literary production.

Call Me Exile explores geographic, spiritual, and relational exile through poems that navigate child loss, divorce, and migration. The vivid imagery and descriptive language of these poems allows the reader to feel every emotion in a way that stays with you long after you put the book down. The stories from this collection are dying to be shared, each with their own voice straining to be heard. "Do you remember what it was like to dream in Arabic? Conversations and memories told and retold in Arabic? In the dream, you fill out your immigration card knowing residence, nationality, destination, and the form is all in Arabic. On days that you are awake, you try to remember the word for life or love or war, full of regret for losing your Arabic." "Dreaming in Arabic", Call Me Exile

Sam's Reason to Dance is based on true-to-life events in the lives of the fictitious characters of Lydia, Sam, JoAnn, Cal, Murphy, and others. These have weathered the seasons of love and tests of faith in their own lives. The story's setting is near the base of the picturesque Superstition Mountains and the cities of Mesa and Apache Junction in southern Arizona. Aside from many of the individuals still being active senior citizens, each one has his/her own story to tell. Each one interacts with the others through the commonality of dancing and/or being involved in the arena of horsemanship or friendship. As a writer, it is Katie's task to listen to the stories being told and blend the events. In doing so, the reader may respond to the moments of reflection, tenderness, and humor as experienced by the individuals. It is hoped that in a similar manner, readers interject themselves into the stories being told, recalling comparable events in his/her own life. This is a Christian story of love and relationships and a must-read for adult seniors.

Enter the land of Ishcria, a place shrouded by darkness and lorded over by the evil Council. It is a land lacking in both peace and human nature; it knows only pain and abuse. A boy different from the rest-an orphan forced to beg on the streets-experiences a sudden change in circumstance when a mysterious League of Light opens its doors to him. Now with a group of men who bestow kindness he has never known, Derruth finds his true calling: to join with the League in its secret struggle against the Council and to reveal to the enslaved Ishcrian people a message of hope and truth.

A Time for Reason 'n Rhyme, as an anthology of both prose and poetry, spans many years in time as do the age of those contributors who have penned them. The collection is divided into sections, which are preceded by the words, A Time For....Family, Friends, Dancin', Living Life, Soul Searching, This 'n That, and Givin' and Receivin'. Prose, functioning as reasons, describes the purpose of the section and/or the circumstances under which the poet set the theme for his/her topic. There is a gamut of emotions found in this collection-some happy, some sad, some tender, some humorous. Yet, there may just be that golden nugget of wisdom uncovered with which a response is modified in that season of time one may meet in the adventure called life. Now it is time to take that journey.