Feedback in:
Michael,
I understand equating your investing (trading) style to the VC guys or entrepreneurs, but I’m not catching the casino connection. Can you help me understand that please, so I can learn?
On average, wouldn’t the casino win more and lose less? Small consistent winnings that pay for the occasional big loss? Trend following would be a majority small losses with a minority big winners which exceed the losses, right?
Loved the “investing implies…” description, btw.
Evan C.
Casino comp:
— Odds thinking.
— Mathematical expectation.
— Having an edge to bet on.
Also read my book Trend Following.
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