This podcast episode delves into Aaron's transition from poker to finance, highlighting his experiences as a risk manager during pivotal market events. Through his journey, he demonstrates the critical evolution of risk management practices, especially following crises like the 1987 stock market crash and the 2007 quant equity crash. Aaron emphasizes the multifaceted role of risk managers across various offices and the crucial need for understanding market dynamics and managing overlaps in quantitative portfolios. Ultimately, he advocates for the implementation of drawdown control policies as a means to navigate market stress effectively while enhancing decision-making capabilities.
