The Hour Between Dog and Wolf

How Risk Taking Transforms Us, Body and Mind

Brilliant.” David Brooks, The New York Times

A profoundly unconventional book . . . So absorbing that I wound up reading it twice.” Bloomberg

Finalist for the Financial Times and Goldman Sachs Business Book of the Year

What happens to your body when you take risks? What happens to it when you make or lose a lot of money? 

In this startling book, physiologist and former Wall Street trader John Coates vividly illustrates what happens to your body when you engage in risk taking. You transform into a different person, a change Coates refers to as "the hour between dog and wolf." He tells a gripping story of a group of traders caught in a bull market and then a crash. As the excitement builds he takes us inside the traders' bodies to see the biology of risk taking at work, a biology shared by athletes, politicians, soldiers - anyone who ventures beyond their safety zone.

Coates also discusses how men and women excel at different types of risk; how the stress of failure damages our health; and how we can train our bodies so that they help rather than hinder our risk taking. Revealing the biology behind bubbles and crashes, The Hour Between Dog and Wolf sheds new and surprising light on issues that affect us all.
John Coates is a senior research fellow at the University of Cambridge. He previously worked for Goldman Sachs and ran a trading desk for Deutsche Bank in New York. In 2004 he returned to Cambridge to research the biology of financial risk-taking. His work has been published in the Proceedings of the National Academy of Sciences and the Financial Times, and has been cited in the New York Times, Wall Street Journal, The Economist, New Scientist, Wired and TIME. Coates has appeared on CNN, CNBC, BBC, CBS Evening News and Good Morning America. He was born and raised in Canada and now lives in England with his wife and two sons. View titles by John Coates

About

Brilliant.” David Brooks, The New York Times

A profoundly unconventional book . . . So absorbing that I wound up reading it twice.” Bloomberg

Finalist for the Financial Times and Goldman Sachs Business Book of the Year

What happens to your body when you take risks? What happens to it when you make or lose a lot of money? 

In this startling book, physiologist and former Wall Street trader John Coates vividly illustrates what happens to your body when you engage in risk taking. You transform into a different person, a change Coates refers to as "the hour between dog and wolf." He tells a gripping story of a group of traders caught in a bull market and then a crash. As the excitement builds he takes us inside the traders' bodies to see the biology of risk taking at work, a biology shared by athletes, politicians, soldiers - anyone who ventures beyond their safety zone.

Coates also discusses how men and women excel at different types of risk; how the stress of failure damages our health; and how we can train our bodies so that they help rather than hinder our risk taking. Revealing the biology behind bubbles and crashes, The Hour Between Dog and Wolf sheds new and surprising light on issues that affect us all.

Author

John Coates is a senior research fellow at the University of Cambridge. He previously worked for Goldman Sachs and ran a trading desk for Deutsche Bank in New York. In 2004 he returned to Cambridge to research the biology of financial risk-taking. His work has been published in the Proceedings of the National Academy of Sciences and the Financial Times, and has been cited in the New York Times, Wall Street Journal, The Economist, New Scientist, Wired and TIME. Coates has appeared on CNN, CNBC, BBC, CBS Evening News and Good Morning America. He was born and raised in Canada and now lives in England with his wife and two sons. View titles by John Coates

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