Blowing Up!
Blowing up is a remarkable article by Malcolm Gladwell, best selling author of Tipping Point. In it he discusses the opposing strategies of Nassim Taleb and Malcolm Gladwell, 2 famous hedge fund managers who frequently trade options. Niederhoffer is your typical fund manager that trades to make money everyday but unfortunately his riskier bets leave him vulnerable to the blow-up and it actually occurred 1997. On the other hand, Taleb practices a strategy where he loses a small amount of money every day, has no possibility of a blow up, but when a disaster or 3 standard deviation event takes place he makes a ton of money.
Direct Link:
Blowing up is a remarkable article by Malcolm Gladwell, best selling author of Tipping Point. In it he discusses the opposing strategies of Nassim Taleb and Malcolm Gladwell, 2 famous hedge fund managers who frequently trade options. Niederhoffer is your typical fund manager that trades to make money everyday but unfortunately his riskier bets leave him vulnerable to the blow-up and it actually occurred 1997. On the other hand, Taleb practices a strategy where he loses a small amount of money every day, has no possibility of a blow up, but when a disaster or 3 standard deviation event takes place he makes a ton of money.
Direct Link:
posted by Little Blog Investor @ 9:48 PM
0 Comments:
Post a Comment
<< Home