My guest today is Ralph Vince. Vince is by profession a computer programmer writing analytical programs for funds, large traders and professional gamblers. He is the author of five books on investing in his field of expertise, portfolio management and portfolio/trade optimization.
The topic is trading.
In this episode of Trend Following Radio we discuss:
Optimal bet sizes Whether Ed Thorp's work and the Kelly criteria had any effect on Vince's work The importance of knowing the optimal spot depending on your criteria Why maximizing profits can result in a large drawdown - and why you should be happy about that If diversification really does give you a free lunch The importance of learning the wrong approachJump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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