What I Learned from Losing $200 Million

Commodities, International Markets, Trading Psychology, Trading Resources2 Comments

I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think the disastrous deal I’d done would cause its collapse, my losses were quickly…

Details

How to beat the bookies by turning their odds against them

Brokers/Fund Managers, Economy1 Comment

Mathematicians had already developed bookie-beating models that attempt to predict sporting outcomes, but they are hard to devise and don’t perform consistently. So Lisandro Kaunitz at the University of Tokyo and his colleagues tried a more direct approach: using the bookmakers’ odds against them. The team studied data on nearly half a million football matches…

Details