SI56: The risk of smooth and steady returns for risk avers investors

Published: Oct. 7, 2019, 2:19 a.m.

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This week, we discuss the potential risks of aiming for smooth & steady returns, the pitfalls of having to make predictions, the higher-than-expected appearances of tail events, why it\\u2019s dangerous to look at the \\u2018average performance\\u2019 of an industry, and why aiming to trade in a style that suits your personality can actually turn out to be a bad idea.  Questions we cover this week include: Have you encountered any CTAs with unusually low-frequency trading strategies? Should the optimization of your strategy come from an ideas-based approach or a data-based approach?  How do you feel about the integration of Value Investing into a Trend Following strategy?  What does discipline mean to you, and how do you stay disciplined?

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Episode TimeStamps:

00:00 - Intro

01:05 - Request for podcast reviews

01:30 - Macro recap from Niels

04:00 - Weekly review of performance

11:10 - Top tweets

43:25 - Live event update 10/26/19-10/27/19; Special Guest: Denise Shull

44:20 - Question 1: Chris; What should an individual pay in fees (data, commissions, etc.)?

47:45 - Question 2: Chris; Do you follow front month or highest open interest contracts/continuous contracts or the month you are trading?

54:30 - Question 3: Jacob; Have you encountered extremely low frequency CTAs?

01:00:20 - Question 4: Jacob; What is your opinion on optimizing using ideas (vs data) first?

01:03:50 - Question 5: Jacob; How do you feel about TF meets value investing?

01:08:30 - Question 6: Adrian; What does discipline mean to you and how do you stay...'