Continuing the theme of speculation and gambling from the previous episode, today’s Trend Following Radio guest is Blair Hull. Hull got his start playing blackjack in Nevada casinos, and later moved onto trading. He founded his investment firm, Hull Investments, in 1999. The company, which leveraged technological innovations and quantitative models, was one of the world’s premier market-making firms, trading on 28 exchanges in nine countries.
The parallels in Hull’s approach to gambling and trading are many. He stresses the importance of objectivity and sticking to the system, especially during a losing streak when emotions run high. It’s not only about brain power, it’s about discipline.
In this interview, Blair Hull and Michael Covel talk about the parallels between blackjack and stock trading, the importance of money management and discipline when following systems, and the future of trading and market prediction.
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