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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Each risk should be pursued in service of a clearly defined goal.
Chapter 3: Past results are a bad way to gauge future risk.
Chapter 4: The ways we see risk are not always completely rational.
Chapter 5: Diversification helps cut needless risk.
Chapter 6: Hedging and insurance both help protect you from potential loss.
Chapter 7: It’s vital to guard yourself against uncertainty as well as risk.
Description
An Economist Walks Into A Brothel (2019) explains how every decision we make carries an element of risk. It can’t be avoided but we can learn to examine those risks, weigh them against the possible rewards and make smarter decisions in our careers, finances and life. Life lessons from high-risk professions like professional poker and the armed forces illustrate the fine art of taking a risk.
Who Should Listen
- Anyone weighing an important, potentially risky life choice
- People who look but don’t leap
- Anyone who has seen a risky decision backfire