Archive
Tag: risk
- May 28, 2012How to Beat the Odds at Judging Risk
Fast, clear feedback is crucial to gauging probabilities; for lessons, consult weathermen and gamblers: Most of us have to estimate probabilities every day. Whether as a trader betting on the price of…
- April 29, 2012Risk, Volatility and Returns
Ed Moy turned me onto a whitepaper that trend followers will find of interest: PDF. More from Michael Covel: Books · Podcast · Trend Following course
- April 19, 2012Wisdom from Famed Value Guy
Jeremy Grantham: The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The…
- 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…
- November 27, 2011Striking Out Is Part of Winning
I put this great quote in my bestseller Trend Following: “What is striking is that the leading thinkers across varied fields–including horse betting, casino gambling, and investing–all emphasize the same point. We…
- October 25, 2011Understanding Your Relationship to Risk: Rolling the Dice and Loss Aversion
Stephen Horan writes: Everywhere we turn, psychological tests are available to help us better understand ourselves and our own behavior. But often these tests fail to shed light on a person’s relationship…
- 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…