Ralph Vince on the Podcast

ralph vince

My interview with Ralph Vince is live on iTunes. Description:

Michael Covel speaks with Ralph Vince. If you’ve done your homework on trading systems, specifically about optimal bet sizes, you have run across Vince’s work before. Vince is self-taught and has crafted some extremely detailed, comprehensive looks at optimal betting strategy for traders over the last 20-plus years. Covel discusses whether coming up outside of the typical educational institutions affected Vince’s outlook – and how learning outside of institutions can work better for some than others. Covel and Vince also discuss optimal bet sizes; whether Ed Thorp’s work and the Kelly criteria had any effect on Vince’s work; the importance of knowing the optimal spot depending on your criteria; why maximizing profits can result in a large drawdown – and why you should be happy about that; if diversification really does give you a free lunch; and the importance of learning the wrong approach.

More on Vince here and here.

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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.

One thought on “Ralph Vince on the Podcast

  1. Hi Micheal
    A very
    good podcast. Thanks for introducing me to Ralph and his work. His assertion that even less then 1% people in the money management business are unfamiliar with Kelly Criterion is very thought provoking.He definitely comes out in the interview as someone who is one of the best on subject of risk management. I feel you are giving more attention to position sizing recently, very welcome indeed.
    Wish you can interview Aaron Brown the author of “Red blooded risk”.
    Your podcast & work are essential for anybody who wants to succeed in the financial markets in any capacity.
    Keep up the good work!
    Omar

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