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Even the Odds
Book

Even the Odds

Sensible Risk-Taking in Business, Investing, and Life

Bibliomotion, 2016 more...


Editorial Rating

8

Qualities

  • Applicable

Recommendation

“A ship is safe in harbor, but that’s not what ships are for.” This observation by 19th-century American theologian William G.T. Shedd “encapsulates life’s innumerable inherent risks,” says risk-management expert Karen Firestone. However, if you’re astute, she advises, you’ll do everything possible to manage your personal and professional risk. As CEO of a wealth management advisory firm, her job is to maximize her clients’ financial returns while minimizing their risks. Her clients trust her to handle more than $1 billion of their assets, so her knowledge of dealing with risk is hard earned in the real world. Her advice will help anyone minimize risk, even when it’s time to take your ship out for a sail. While never giving investment advice, getAbstract recommends Firestone’s guidance to investors, stock analysts, MBAs, business professors and fund managers.

Take-Aways

  • Risk is integral to life. You can’t avoid it, but you can manage it.
  • Every important decision involves risk. Assess the risk, and deal with it astutely.
  • Failure to make the right decisions about risk can result in losing your money, business, reputation, health or even your life.

About the Author

Karen Firestone is president, CEO and co-founder of Aureus Asset Management.


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