Right Way to Take Risk
Podcast and text.
The truism “nothing ventured, nothing gained” is an often heard phrase. But risk-taking must be balanced with prudence. Karen Firestone, chairman, CEO and co-founder of Aureus Asset Management, knows how to strike that balance. She lived it herself — leaving a fund management job at Fidelity Investments after 22 years to co-found a wealth advisory firm in 2005. It worked out: Aureus now has $1.5 billion under management. Firestone wrote about the topic in her book, Even the Odds: Sensible Risk-Taking in Business, Investing and Life. She discussed her book on the Knowledge@Wharton show on Wharton Business Radio’s Knowledge@Wharton show, which airs on SiriusXM Channel 111. ... "