Aaron Brown (financial author)

"Many financial disasters can be traced to people who thought they were hedging."

"There's no way to know how good a player you are except by measuring against others."

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

"If you want to understand financial markets, and their effects on the economy, you have to understand the trading game. Many short-term price movements are neither random nor caused by economic fundam…"

"Most people wander through life, carelessly taking whatever risk crosses their paths without compensation, but never consciously accepting extra risk to pick up the money and other good things lying a…"

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

"All exchange stimulates productive activity, whether exchange by gift, gambling, barter, or money transaction."

"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, …"