Maths Is Important
Trading is often presented as this enormously complex activity that requires great quantitative skills – this is not true. However, you do have to develop an intuitive feel for what some numbers mean. You will need to understand how to position size correctly, where to place your stop, and how to calculate your returns. But…
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More Than Half Of All Bitcoin Trades Are Fake
…One of the most common criticisms of bitcoin is pervasive wash trading (a form of fake volume) and poor surveillance across exchanges. The U.S. Commodity Futures Trading Commission defines wash trading as “entering into, or purporting to enter into, transactions to give the appearance that purchases and sales have been made, without incurring market risk or…
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Why Can’t We Stop Changing Our Investment Process?
Imagine we are attempting to design a stock picking model that will outperform the market over the next ten years. After a great deal of forensic research and testing we finalise our approach. Although we couldn’t know this in advance, the system we devise is optimal – there is no better way of tackling the…
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These ‘Big Short’ Vets Were Up 169% Last Year
As a portfolio manager working at FrontPoint, Porter Collins was one of the subjects of “The Big Short” — the book, and later movie, on the 2008 market crash. He likes to say he’s been looking for the next big short ever since. Last year, his Seawolf Master Fund found plenty of them — and…
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