Wed, 16 October 2013
Michael Covel talks with Nick Atkeson. Atkeson's book is called "Win By Not Losing: A Disciplined Approach to Building and Protecting Your Wealth in the Stock Market by Managing Your Risk". Covel and Atkeson talk about momentum and streaks; some of the stories contained in Atkeson's book, including "Sonny" in Vegas and his ability to disrupt the earnings of the Rio Casino, and the idea of the "theo"; why people should invest at all; uncertainty in the markets, with jobs, and in retirement; market timing; asset allocation decisions; negative tail risk; black swans; what happens when/if the US potentially defaults on its debt; the idea of "systematic", taking your losses, and behavioral finance; loss avoidance; and how Atkeson got started in his career. Atkeson can be found at deltaim.com. Free trend following DVD: trendfollowing.com/win.