Feb 20, 2017
Many take risk without thinking. They do not quantify risk. One
of Michael’s first steps into the risk indoctrination came in the
1990’s through a book, “Against the Gods: A Remarkable Story of
Risk.” Michael plays an excerpt from the author Peter
There is no perfect algorithm for risk, only guesses. Everyone has a limited amount of capital. Risk is putting your money down and knowing that you can lose it. In the trend following world, risk is why traders keep it small. How much can you afford to lose? This is the only thing you can control in the markets. Predictions should be a blinking red light for anyone listening.
In this episode of Trend Following Radio: