How Markets Work
Lessons From Ed Thorp’s Interview With Tim Ferriss
What we can learn from Ed Thorp
Risk and Edge
Risk and Edge
Risk Depends On The Resolution
Volatility depends on sampling period
Risk and Edge
Using The Right Rulers
My notes on 2 books about measurement
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
Insights From The Warrant Puzzle via Financial Hacking
Financial Hacking is one of the best books applying intuition to common problems in trading and investing
Risk and Edge
Understanding Log Returns
The basics of log returns
Risk and Edge
Geometric vs Arithmetic Mean In The Wild
Using SP500 returns to distinguish geometric (compounded) returns from average arithmetic returns
Risk and Edge
Well What Did You “Expect”?
Understand the meaning of "average" when returns compounds
Options and Volatility
Examples Of Comparing Interest Rates With Different Compounding Intervals
Translating rates of return over different time periods
Risk and Edge
Liquidity Ostrich
Thoughts on how we perceive risk and liquidity
Risk and Edge
Calibrated Confidence
Being a strong bettor requires well-tuned meta-knowledge
Risk and Edge
An Example Of Using Probability To Build An Intuition For Correlation
How probability relates to correlation
How Markets Work
Trading Is A Team Sport
The lone genius trader is a myth
Risk and Edge
Bet Sizing Is Not Intuitive
Even people that should no better bet sums that are wildly suboptimal