Latest Posts
rssA fundamental decision we all have to make.
Nassim Taleb’s Risk Management Rules of Thumb
Rule No. 1- Do not venture in markets and products you do not understand. You will be a sitting duck.
Rule No. 2- The large hit you will take next will not resemble the one you took last. Do not listen to the consensus as to where the risks are (that is, risks shown by VAR). What will hurt you is what you expect the least.
Rule No. 3- Believe half of what you read, none of what you hear. Never study a theory before doing your own observation and thinking. Read every piece of theoretical research you can-but stay a trader. An unguarded study of lower quantitative methods will rob you of your insight.
Rule No. 4- Beware of the nonmarket-making traders who make a steady income-they tend to blow up. Traders with frequent losses might hurt you, but they are not likely to blow you up. Long volatility traders lose money most days of the week. (more…)
20 Commandments for Beginning Traders
Links For Traders
Aspect’s Anthony Todd says the trend is your friend- Success requires both skill and luck. Here’s how to know the difference between the two
- At BlackRock, a Wall Street Rock Star’s $5 Trillion Comeback
- What happens when the systems we rely on go haywire?
- If you focus on risk premiums, you should be following the skew
- Momentum and Mean-Reversion in Commodity Spot and Futures Markets
- Quant trading economies of scale someone should give Doug his own blog
- Markets and Pundits Have a Data-Point Fixation
- Wall Street Is Starting to Get Freaked Out About Donald Trump
- Picking Winners? Investment Consultants’ Recommendations of Fund Managers
- Active management is not dead… but high fees are, say top fund buyers
- Popular Quant Hedge Fund Strategy Is Suddenly Doing Terribly
- The Difference Between a Bubble and a Cycle
- Wells Fargo CEO gets $123.6M if he walks
- Forgetfulness and financial analysis – Is more memory always better?
- Quant and system developers – there is a distinction
- The Fight to Keep It Simple
- The Ten Attributes of Great Fundamental Investors – Michael J. Mauboussin
Enjoy.
5 Axioms to Follow, Memorize and Practice
- THE MARKET ITSELF IS THE ULTIMATE WEILDER OF JUSTICE. JUDGE, JURY AND PROSECUTOR.
- RECIPE TO LOSE FOR SURE: OVER-ANALYZE, PROCRASTINATE, HESITATE.
- LEARN TO SWEAT OUT, HANG ON TO AND SCALE OUT OF YOUR WINNERS.
- HIT SINGLES AND DOUBLES, NOT HOMERUNS. THE HOMERUNS ARE USUALLY THE RESULT OF GOOD TRADING AFTER A PROFITABLE TRADE HAS STARTED TO MAKE ITS MOVE
- A BIG LOSS CAN DESTROY YOU. IS RISK WORTH TOTAL DESTRUCTION?
The big surprise inside the iPhone X
When some of us recently took a look inside the iPhone X, we gained some insight into where Apple plans to take the smartphone. We also found something that some adults might remember from junior high school shop class.
As we thought, the circuit board has been split up so that one part can be stacked on the other. The most noteworthy characteristic of the iPhone X, at least from a dismantler’s perspective, is the structure of this board. All models up through the iPhone 8 Plus, released in September, had a single-deck main board. The iPhone X’s board looks more like a two-story home.
Human Flow – an Amazon Original Movie
Our Mantra at ASR
