Apr 7, 2021
Perfect risk estimates do not exist, so how do we balance risk
and reward? Risk scholar Allison Schrager, author of the CFA
Institute Research Foundation brief “Learning About Risk
Management: Insights from Unconventional Risk-Takers,” provides
insights on the nature of risk and uncertainty and potential reward
and how to manage the trade-off.
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2:25 Brothel, pimp, and risk management?
5:30 More noes than yeses
7:42 The art of storytelling
9:41 Lessons learned from big wave surfing
13:16 Allison’s book, An Economist Walks into a Brothel: And
Other Unexpected Places to Understand Risk
14:40 What is risk? And what is prudent or good risk
15:50 Retirement: What does it look like in the US right now?
What worries you? And what gives you hope?
17:45 Should the idea of retirement be reimagined? [HBR
19:41 Why shouldn’t Americans own stocks?
22:10 What’s next on Allison’s to-do-list?
23:15 Allison’s advice on encouraging people to take on more
24:05 Wrap-up questions
o One long-term change that you hope to see as a result of the
o What one item would you bring on a long space flight?
o Flight vs. invisibility?
Related articles and links:
Learning about Risk Management: Insights from Unconventional
An Economist Walks into a Brothel: And Other Unexpected Places
to Understand Risk:
HBR article Why Retirement Is a Flawed Concept:
CFA Institute members and charterholders Professional Learning
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