My mentors rules of thumb
1. Asymmetry in all positions
2. Position yourself to get lucky
3. Make it harder for the market to take money off you by spreading in into more asymmetric trades
1. Asymmetry in all positions
2. Position yourself to get lucky
3. Make it harder for the market to take money off you by spreading in into more asymmetric trades
4.Mean reversion: Excessive outperformance is usually matched by equal or greater underperformance
5. It's not the view its the application of the view that matters
6.Bull markets are born in pessimism, grow in skepticism, mature in optimism and die in euphoria-John Templeton
5. It's not the view its the application of the view that matters
6.Bull markets are born in pessimism, grow in skepticism, mature in optimism and die in euphoria-John Templeton
7. When everybody thinks alike, everyone is likely to be wrong, because no one is thinking. -Humphrey Neil
