TTU54: What it Takes to Be an Entrepreneur ft. Tim Pickering of Auspice Capital Advisors 2of2

Published: Dec. 29, 2014, 5:51 a.m.

In the second part of our talk with Tim Pickering, we dive into the details of his firm and the challenges that he has to overcome as a business owner and entrepreneur. Tim has some valuable life lessons for managers who are just getting started. He also dives into the different ways investors should carry out their due diligence and why he wanted to become a manager in the first place.

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In This Episode, You\u2019ll Learn:

  • The details of Auspice\u2019s programs and what makes them different from other managers.
  • What discretionary traders are good at and how Tim captures lessons from them in a systematic model.
  • How he implements the system in practice.
  • How Tim measures risk.
  • How he copes with being in a drawdown.
  • What he has learned from the drawdowns that Auspice has been through.
  • What keeps him up at night.
  • What questions he brainstorms with his research team currently.
  • How to detect if a model is deteriorating.
  • How meaningful are back tests?
  • About the CTA value-added index that Auspice developed.
  • The difference in investing through a fund, an EFT, or other options.
  • What investors should be asking when they go through their due diligence with Auspice Capital.
  • Why he became an entrepreneur.
  • The books Tim would recommend for traders and managers.
  • What skill he would pass on to his children if he could choose only one.

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Resources & Links Mentioned in this Episode:


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