I really enjoyed the discussion with Niels Kaastrup-Larsen in episode 283 of the Systematic Investor Series where we discussed the power of geometric averages and why many Fund Managers find it hard to meet their benchmarks. #SurvivalHasPriorityOverPerformance https://www.toptradersunplugged.com/podcast/283-systematic-investor-series-ft-richard-brennan-february-18th-2023/
...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...
Market averages are not what they appear to be. The standard framing presents average market returns as a benchmark against which active strategies should be measured: beat the average and you have demonstrated edge, fall short and you...
