Risk and Edge
Risk Depends On The Resolution
Volatility depends on sampling period
Latest
How Markets Work
The GOAT’s Parting Wisdom
Lessons from Munger
Risk and Edge
Using The Right Rulers
My notes on 2 books about measurement
How Markets Work
Bridge of Asses
The replication mindset is the key to upgrading your financial thinking
How Markets Work
5 Takeaways From Todd Simkin on The AlphaMind Podcast
More lessons from SIG
Risk and Edge
The Midpoint From 1 to 9 is…3?
numeracy practice
Options and Volatility
A Simple Demonstration of Return Vs Volatility
Volatility is a quadratic drag on returns
How Markets Work
The Creep of Arbitrage Means Investing Is Mostly A Faith Exercise
The challenge of "long term" investing
How Markets Work
What I Learned About TIPs
The mechanics of TIPs
How Markets Work
BOXX: Access Options Funding Rates in an ETF
How the t-bill alternative BOXX works
How Markets Work
Notes from RenTec CEO Peter Brown on the GS Podcast
A rare interview
How Markets Work
On Active Management and Private Investments
Cost/benefit of giving up liquidity and transprency
How Markets Work
Investing With Your Hands On The Wheel
Assessing the returns to investing effort
How Markets Work
The Pods On Top Of The Food Chain
Understanding multi-managers and pods
How Markets Work
Reflections On Getting Filled
What's the value of something you win at auction conditional on getting filled
Options Theory
The Beauty of Option Theory
On a talk I gave about the value of option thinking