Book description
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…
Why read it?
1 author picked Red-Blooded Risk as one of their favorite books. Why do they recommend it?
All investing is risk-taking, and this is the best book on risk-taking that I know. Not just risk-taking as mathematics or games (although both of those are important), but risk-taking as a philosophy of life.
I would pick out two main insights. First, risk is intrinsically neither good nor bad, it is just a dial you can turn up or down. Second, your aim should be neither to minimise nor maximise risk, but rather to take the right amount of risk, and so achieve what this book calls “risk ignition”.
One contextual caveat: the value I see here is a…
From Guy's list on making a fortune in the stock market.
If you love Red-Blooded Risk...
These Blue Mountains
A moving story of love, betrayal, and the enduring power of hope in the face of darkness.
German pianist Hedda Schlagel's world collapsed when her fiancé, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…
Want books like Red-Blooded Risk?
Our community of 13,000+ authors has personally recommended 100 books like Red-Blooded Risk.
Share your top 3 reads of 2025!
And get a beautiful page showing off your 3 favorite reads.
1,395
readers submitted
so far, will you?
📚 If you like Red-Blooded Risk, you might also like...
Need to Know
The authoritative but accessible history of the birth of modern American intelligence in World War II that treats not just one but all of the various disciplines: spies, codebreakers, saboteurs.
Told in a relatable style that focuses on actual people, it was a New Yorker "Best of 2022" selection and…
Tsunami
On the morning of December 26, 2004, an undersea earthquake struck off the coast of Sumatra in the Indian Ocean. The resulting tsunami killed an estimated 230,000 people across fourteen countries, from Indonesia to Sri Lanka to Thailand to the Maldives to India and all the way to East Africa.…
