Enable the skill on Amazon - "Alexa, play The Compound Show" Josh here - I had so much fun hanging out with my friend Allison Schrager this week on the eve of her gigantic book launch for An Economist Walks Into a Brothel. Allison spent time with big wave surfers, Nevada prostitutes, Hollywood film producers, paparazzi cameramen, horse breeders, magicians and other real world practitioners to discover the way they handle risk. It's one of the most fascinating books I've ever read and Allison has the perfect combination of writing chops and mental horsepower to pull the whole thing off. Learning about the difference between insurance and hedging, for example, in a really fun format, will definitely pay off. There are lessons about ecosystems with a delicate trust factor, the dangers of overconfidence, the limitation of data analysis and so much more. Get Allison Schrager's new book, An Economist Walks Into a Brothel, right here: https://amzn.to/2HXaQobFollow her on Twitter and ask a question! https://twitter.com/AllisonSchragerBe sure to subscribe to our channel so you never miss an update:https://www.youtube.com/THECOMPOUNDRWMFollow us on Twitter:https://twitter.com/RitholtzWealthFollow us on Facebook:https://www.facebook.com/ritholtzwealth/Talk to us about your portfolio or financial plan here: http://ritholtzwealth.com/ Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.