Archive
Category: Risk Management
- February 19, 2012Trend Follower David Druz on Systems
From The Little Book of Trading trend follower David Druz has a plan: Once a system’s algorithms and parameters are established, the system must be followed exactly and religiously. A system cannot…
- October 15, 2011Peter Bernstein. Against the Gods: Steve Jobs and Risk
A friend of mine passed this piece along courtesy of her friend a prominent vascular surgeon living in Washington, DC: In reading about Steve Jobs’ death, I was disappointed to learn that…
- August 19, 2011Where the Black Swans Hide: Mebane Faber Opines
Mebane Faber, who was kind enough to offer positive praise for my new book Trend Commandments, takes a look at outliers here (PDF). Take a read–worth your time. More from Michael Covel:…
- July 30, 2011James Montier: Did He Miss the Trend Followers?
James Montier writes (PDF): Tail risk protection appears to be one of many investment fads du jour. All too often those seeking tail risk protection appear to be motivated by the fear…
- June 27, 2011A Value Investor’s Perspective on Tail Risk Protection
You are a value investor? You want to protect against tail risk? Two choices: James Montier says this. I say this. Don’t get me wrong, I like Montier’s behavioral views on markets.…
- January 18, 2011Sports Betting: Billy Walters the Trend Follower
Insights on Billy Walters: As a society we have been conditioned to believe that there is a difference between gambling and investing. Of course, this partially true, however, the degree to which…
- December 26, 2010Smacking the Home Run: Fat Right Tails
A good reminder: Opalesque: You have some winning trades, some losing trades, how do you know you’ll come out ahead? Trend follower Ken Tropin: In this business you need to have ample…