I have read this book at least three different times and each time I get something new from it. The one copy is so marked up with notes and underlinings that it's almost impossible to read. What I find interesting is that I always thought that I was crazy in how I thought about investing. But that changed after reading Ineichen's books. Now I see that there are others who agree with me. Basically Alexander Ineichen has captured and articulated the merging of risk management and asset management that sets the standard for the next generation of investment managers. What I appreciate is someone willing to question the old guard, its material beliefs and then proffer alternatives on how we should look at things. .From my own 35+ years of investment experience I question a lot of the old material that we learned in school. My thoughts which coincide with Ineichen have been running around in my head for some 35+ years but he was able to beautifully articulate them. It is a great book and if you're in the trading / investment business throw out the old REMINISCENCES OF A STOCK OPERATOR book (in my opinion not worth it) and replace it with ASYMMETRIC RETURNS. Update your library with some new ideas and thoughts that you can really use.