Published: Feb. 8, 2016, 4:31 p.m.
Bill Dreiss has been an early adopter from the very beginning. After going to MIT and Harvard, he wanted to form a business that would allow him to be location independent and allow him to surf, his life passion. Fortunately, systems trading found him.
He bought a computer before individuals owned them, started a systems trading firm before almost any of them existed, and has been in business trading his own model fro more than 25 years. You\u2019ll gain a career\u2019s worth of knowledge in this fantastic episode.
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In This Episode, You\u2019ll Learn:
- Why Bill\u2019s firm is so unique
- How he went to Harvard business school and then went to work for a Think Tank in California
- How he developed his first trading system in the 1970s
- How he did systematic trading by hand in the early days, without computers
- The unique system that was the first system he built
- The first company that he started with a few partners in early 1975
- How he used to manage 180 clients before computers
- The first computer he bought before individuals owned computers
- Why he stopped managing outside money for a few years
- What made him setup his current company in 1991
- How he setup his first trading model with Dreiss Research Corporation
- Why he was heavily influenced by Boinot Mandelbrot
- Why trend following is declared dead every few years, but why it is only sleeping
- Why he trades longer term and only updates his system about once a week
- How he first managed to automate his system way before other people were able to do it
- How the environment has changed from very few system traders to almost completely system traders
- What differentiates Bill from a lot of other system traders
- How he deals with risk management
- What drives him in his career and how he has kept it up for so long
- Why he thinks in how much leisure time he can have rather than how much money he could make
- How marketing a firm is very important
- Why surfing is so important to him
- Why being location independent was very important to him in setting up his business
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Resources & Links Mentioned in this Episode:
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