You don’t pay for your house in gold……
Previously I had talked about a long trade on the Dow I was running – nothing new there and the rationale and management of the trade was hardly revolutionary. However, I did something profoundly f#%^en stupid – I transposed a digit on my stop and got pinged out by a spike because my stop was…Details
Tony Hsieh of Zappos – compare this place to the places you might have worked at.
From The Economist…… The mediocrity of the hedgies’ recent performance is in part the result of the industry’s massive growth. Whereas in the past it was plausible that hotshots like George Soros could spot market anomalies, several thousand managers in an industry with $2 trillion of assets under management are very unlikely all to be…Details
Whilst I believe that the correlation indices has increased over time and the correlation of instruments has been shown to increase in times of stress their returns correlations can be a little different. Note the performance particularly of the DAX and the Hang Seng. The charts for some of these may have the same outward…Details