implementation

Unfortunately we are unwilling to give our indicators away. However we are happy to share some key inputs into our work • Expected volatility of each Asset • Correlation expectations • Asset supply and demand across all cohorts • Central bank actions • Fiscal actions • Private sector leverage • Asset performance and investor “pain” • Health of

Stay in the picture. You are easily forgotten by busy people, remember that. The key then is to find ways to stay relevant and fresh. Drop emails and questions at an interval that straddles the fine line between bothersome and buzzworthy. It’s easier to keep something alive than it is to revive the deceased . . . but it’s on you to keep the blood

The problem of distribution, on which all the stress is being put today, is after all more easily solved the more there is to distribute.

As malpractice litigation became more common, physicians changed their procedures in multiple ways: ordered more tests, referred more cases to specialists, applied conventional treatments even when they were unlikely to help. These actions protected the physicians more than they benefited the patients, creating the potential for conflicts of

people is to be curious. Even better is to provide yourself with some sort of external gain or loss that motivates you.

Most ready-made strategies that you may find in these places actually do not withstand careful backtesting. Just like the academic studies, the strategies from traders' forums may have worked only for a little while, or they work for only a certain class of stocks, or they work only if you don't factor in transaction costs. However, the trick is

The Sharpe ratio is actually a special case of the information ratio, suitable when we have a dollar-neutral strategy, so that the benchmark to use is always the risk-free rate. In practice, most traders use the Sharpe ratio even when they are trading a directional (long or short only) strategy, simply because it facilitates comparison across

The necessary elements are all there (at least if you’ve done your observational and imaginative work). The trick is in what you do with them. Are you using all available evidence, and not just what you happen to remember or think of or encounter? Are you giving it all the same weight, so that you are truly able to sift the crucial from the

takes years of practice and effort to get good at identifying blind spots in ourselves and then expressing the affected emotions appropriately.