Archive
Category: Risk Management
- October 23, 2013“The guiding principle of our work is figuring out a way to deal with uncertainty.”
Excerpt: Q: What’s the guiding principle of your work now? A: The guiding principle of our work is figuring out a way to deal with uncertainty. That’s what we deal with every…
- October 16, 2013A Great Example of How Too Much Protection Delivers Chaos — Either for Kids or Markets
Many think markets can be made safe. They truly believe there is a way to predict tomorrow and thus watch their accounts go straight up over time. Once all of the nasty…
- October 8, 2013Football Out, Nerfball In & Weenies Multiply
A sad excerpt from an article: They were just informed that during recess, football is out and Nerf ball is in. Hard soccer balls have been banned, along with baseballs and lacrosse…
- October 2, 2013Ep. 164: Richard Noble Interview with Michael Covel on Trend Following Radio
My guest today is Richard Noble, a Scottish entrepreneur who was holder of the land speed record between 1983 and 1997. He was also the project director of ThrustSSC, the vehicle which…
- June 1, 2013Money Management Clarity Called For
Feedback in: I listened to your recent podcast with Jason Russell. The part concerning the importance of money management was interesting. My question: what is meant by money management? It seems to…
- April 29, 2013The Kelly Criterion Shocks Some and Inspires Others
Feedback: Hey there Mike. I was reading the hedge fund Market Wizards where the Kelly criterion was mentioned. To be honest it shocked me that any professional trader would take it seriously.…
- February 10, 2013Richard Dennis Offers Sound Day Trading Advice
For every ten traders that try their luck at day trading nine of them will go broke. It is just the way the game works. Famed trader Richard Dennis had this to…