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- January 13, 2005David Harding on Risk
The following excerpt is from an interview with David Harding, Managing Director, Winton Capital Management. David’s firm is primarily trend following based. HedgeWeek: Are institutional investors prepared to take more risk for…
- December 29, 2004Bertrand Russell: “Many will accept it even on the slightest evidence…”
Bertrand Russell: “What a man believes upon grossly insufficient evidence is an index into his desires — desires of which he himself is often unconscious. If a man is offered a fact…
- September 3, 2004The Zurich Axioms
Max Gunther set forth basic trading principles called The Zurich Axioms: On Risk: – Worry is not a sickness but a sign of health – if you are not worried, you are…
- August 18, 2004Judge Milton Pollack on Zero Sum Thinking
Milton Pollack, who was appointed a federal judge by President Lyndon Johnson in 1967 and oversaw many notable corporate corruption cases, has died in Manhattan. He was 97. I used a great…
- April 3, 2004David Harding Offers Sharpe Ratio Criticism
David Harding of trend follower Winton Capital argues for more than simple acceptance of the Sharpe ratio as the measure for assessing “risky investments”: “The Sharpe ratio appears at first blush to…