Jered crushes it here--invest based on *your* parameters for risk, not someone else's.
Think about how this applies to your risk management decisions. Are you making risk management decisions based on what your traders' risk tolerance *should* be, or what it really is?
Figuring out what that risk tolerance really is doesn't come out of a model or a corporate budget. It requires time and more than a few conversations.
https://www.bloomberg.com/opinion/articles/2019-03-01/the-key-to-investing-success-is-less-stress
Sunday, March 17, 2019
Saturday, March 16, 2019
Disciplined Systematic Global Macro Views: The "Paradox of Prudence" - It is real and needs y...
Disciplined Systematic Global Macro Views: The "Paradox of Prudence" - It is real and needs y...: Our thinking of systematic risk has to be in two dimensions; one, the time series impact and two, the cross-sectional impact. Thes...
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