The Poker Face of Wall Street
1. Auflage Juli 2007
368 Seiten, Softcover
Sachbuch
Kurzbeschreibung
Since the 1800s, the world of poker and world of commerce and finance have lived in each other's long historical shadow. Truth is, even today it's hard to pull the two apart. The Poker Face of Wall Street captures the color of both of these worlds and highlights the real lessons that risk-takers on Wall Street and the high rollers in Vegas can learn from one another. Financial professional and lifelong poker player Aaron Brown knows how fine the line is between risk-taking skill and ruin. Now, in The Poker Face of Wall Street, Brown enlightens and bedazzles serious risk-takers about the odds and skills underlying their mercurial crafts, and shows where the cultures of poker and Wall Street meet. Whether you're walking the walk on Wall Street, or talking the talk on the Vegas Strip, this entertaining book reveals why the modern game of poker and modern finance have more similarities than differences, and discusses what this means for those on both sides of the aisle. The Poker Face of Wall Street recounts how Wall Street has always been where modern finance and poker--and the theory behind these "games"--clash head on. It explores how in both worlds, real risk means real money is made or lost in a heartbeat, and why neither camp is always rational with the risk it takes. The Poker Face of Wall Street is a one-of-a-kind book that will show readers the real meaning of risk and reward. Financial professionals who want to use poker insights to improve their job performance will find this entertaining book a must read, as will poker players searching for an edge by applying the insights of risk-takers on Wall Street.
Praise for The Poker Face of Wall Street
"Playing high-level poker, trading options, marketing bonds, and being a professor of finance-Aaron Brown has done them all."
-Edward O. Thorp, author of Beat the Dealer: A Winning Strategy for the Game of Twenty-One and Beat the Market: A Scientific Stock Market System
"The first attempt to help individual investors profit from a better understanding of the art of gambling. There may be few individuals better suited to take on such a controversial argument with such authority."
-Stephen Schurr, Financial Times
"Brown's model is instantly graspable, but contrary to the conventional wisdom on both economics and gambling."
-Publishers Weekly
"The author provides investment professionals an immensely valuable benefit by challenging them to consider familiar issues from new angles. His book is not only entertaining, but also full of provocative ideas that merit lengthy and serious engagement."
-Martin Fridson, Financial Analysts Journal
"How to be a poker pro and much more . . . a delightful journey through risk concepts with a Wall Street derivatives trader. A great read and a good manual for understanding risk."
-Dr. William T. Ziemba, University of British Columbia, Vancouver
Preface.
Chapter 1. The Art of Uncalculated Risk.
Chapter 2. Poker Basics.
Chapter 3. Finance Basics.
Chapter 4. A Brief History of Risk Denial.
Chapter 5. Pokernomics.
Chapter 6. Son of a Soft Money Bank.
Chapter 7. The Once-Bold Mates of Morgan.
Chapter 8. The Games People Play.
Chapter 9. Who Got Game.
Chapter 10. Utility Belt.
Annotated Bibliography.
Index.
