Archive
Tag: risk
- 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.…
- October 12, 2010Ancient Man Had No Risk Management
Putting risk into the discussion: “There are just four kinds of bets. There are good bets, bad bets, bets that you win, and bets that you lose. Winning a bad bet can…
- February 23, 2010Busted flat in Baton Rouge… waiting for a train
Not all trend followers are the same and not all stick to their rules. A few years ago a young guy under the tutelage of a known and famed trend follower (not…
- November 20, 2009William Eckhardt: Limit Portfolio Risk!
Bill Eckhardt, the systems trading pro and former partner of Rich Dennis, once offered: “…many prospective clients have asked me what’s the most I’ll lose on one trade. I can look up…
- November 20, 2009Larry Hite on Risk
Some wise views from Larry Hite: “We don’t really trade silver…we don’t trade the S&P…we trade the differences. We really are risk managers. We take on risks, try to exploit them and…
- 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…