Survival is not one strategy among many. In environments governed by irreversible outcomes, it is the precondition for every other strategy. The pursuit of performance without a survival architecture is not aggressive trading. It is a process that will...
Most market participants approach financial markets as forecasting problems. If the direction of the next move can be estimated with sufficient accuracy, the rest follows. Diversified systematic trend followers take a structurally different position: the market’s direction cannot be...
