Even the Odds: Sensible Risk-Taking in Business, Investing, and Life

Even the Odds: Sensible Risk-Taking in Business, Investing, and Life

by Karen Firestone
Even the Odds: Sensible Risk-Taking in Business, Investing, and Life

Even the Odds: Sensible Risk-Taking in Business, Investing, and Life

by Karen Firestone


    Qualifies for Free Shipping
    Usually ships within 1 week
    Check Availability at Nearby Stores

Related collections and offers


In Even the Odds, Karen Firestone explains how risk assessment plays a prominent role in all aspects of life. We may all define risk, and our tolerance for it, somewhat differently, but we might all agree it plays a pivotal role in guiding us toward an optimal outcome. As a long-time investment advisor, Firestone has grown accustomed to interpreting risk on a daily basis. She has developed four core tenets of risk-taking we can all apply to anticipating, evaluating, and responding to the risks we face in our business, investing, and personal lives. These tenets are right-sizing; right-timing; relying on skill, knowledge, and experience; and staying skeptical about numbers, promises, and forecasts. Firestone's approach is both practical and accessible to individuals who are making important decisions, such as embarking on new career or life changes, starting or running an enterprise, making a sizable investment, or deciding how to balance across a full portfolio of assets. The book is rich with anecdotes and examples of how many prominent leaders in their fields encountered and dealt with risk along the way. Firestone also shares her own successes and failures, in particular when she decided to risk it all—a fabulous career managing billions of dollars at a premium investment company, her reputation, and the security at home that comes with a strong and stable job—to go out on her own. Even the Odds helps us understand the broader implications of risk—and how it guides our decision-making—so that we can improve outcomes across multiple facets of our lives, from our businesses and investments, to the personal choices we make.

Product Details

ISBN-13: 9781629560984
Publisher: Taylor & Francis
Publication date: 05/19/2016
Pages: 208
Product dimensions: 6.10(w) x 9.20(h) x 0.80(d)

About the Author

Karen Firestone is president, CEO, and co-founder of Aureus Asset Management, an investment firm dedicated to providing contemporary asset management to families and individuals. She is a contributor to the Harvard Business Review and the Huffington Post. Karen also appears on CNBC’s popular Squawk Box.

Previously, she spent 22 years at Fidelity Investments, most recently as a diversified fund manager in the Growth Group with oversight of the Large Cap Fund, Advisor Large Cap Fund, Destiny 1 Fund, and several institutional nonprofit and pension funds.

Karen received a Bachelor of Arts degree in economics, magna cum laude, from Harvard College in 1977 and an MBA from Harvard Business School in 1983. She is the Chairman of the Board of Trustees of The Commonwealth School and has served on various committees and Task Forces for Harvard University. Karen is a member of the Board of Trustees for the Beth Israel Deaconess Medical Center and of the Boys and Girls Clubs of Boston.

She lives in Brookline, Massachusetts with her husband, David. They have four grown children, two grandchildren, and two Springer Spaniels. Karen is an avid runner and tennis, golf, and bridge player.

Table of Contents

Introduction xi

Part 1 Sensible Risk-Taking

Chapter 1 Right Size Your Risk 3

Chapter 2 Right Time Your Risk 13

Chapter 3 Rely on Knowledge, Skill, and Experience 21

Chapter 4 Maintain a Healthy Skepticism 29

Part 2 Business

Chapter 5 Jumping Ship 39

Chapter 6 Building a Business 49

Chapter 7 Surviving Crisis 65

Chapter 8 Solving Puzzles 77

Part 3 Investing

Chapter 9 The Bubble 95

Chapter 10 Risks and Results 109

Chapter 11 Knowledge and Doubt 121

Chapter 12 Masters of the Trade 135

Part 4 Life

Chapter 13 Adversity 151

Chapter 14 High-Wire Act 161

Chapter 15 Running 171

Epilogue 179

Acknowledgments 183

Notes 185

About the Author 189

From the B&N Reads Blog

Customer Reviews