January 3rd, 2012, 12:19 pm
I did not celebrate Xmas or New Year ... But I took days off and re-read Aaron's new book (after some risky (in my age) cross country skiing .. - It seemed, I have chosen the the optimal risk with skating tracks and speed to have enough fun, but no fall downs - and luckily no danger of a falling tree or similar materialized)You know, I am a technology provider and not a practitioner (or only a second hand practitioner from having closed customer feed-back loops). So I do not have climbed the ladder in Wittgenstein's sense. To fully understand or think beyond....I have read Aaron's articles in Wilmott magazine an read the book first in Nov-11. But still, I re-read it with excitement. In general, about the explorative, constructive learning aspect. About the ideas, how (derivative)money can become a universal (programmable) system, solid enough to store values, fluid enough for exchange. About the two-sidedness of risk.More concrete, about VaRs as input of advanced risk management processes.And, I do not know, if I ever have really understood the Kelly principle before ...I am going to recommend this book to one of my best friends - controller in a large steel enterprise.And in my shelf it is placed with the most-infuencial books ... (those I re-read and re-re-read).
Last edited by
exneratunrisk on January 2nd, 2012, 11:00 pm, edited 1 time in total.