TTU94: Acknowledging Risk on a Daily Basis ft. Bill Dreiss of Dreiss Research Corporation 2of2

Published: Feb. 17, 2016, 6:18 a.m.

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In our continued conversation with Bill Dreiss, we dive into why he built his model the way that he did, and how he deals with factors like risk, drawdowns, and investor relationships. You\\u2019ll discover what he has learned from the drawdowns he has gone through, how the market has changed since 2009, and what the future looks like for Dreiss Research.

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In This Episode, You\\u2019ll Learn:

  • How he thinks about succession planning
  • What people should be aware of in his long track record as a firm
  • What has changed in the markets since 2009
  • How markets are more interrelated than they ever have been before
  • How he describes what he is trying to achieve for his investors
  • Why you shouldn\\u2019t be investing if you can\\u2019t live through a 50% drawdown
  • What the choppiness index is
  • Why it is so difficult for people to see the advantages of CTAs and trend following
  • How many commodities he trades
  • How diversified his trading program is
  • What differentiates Dreiss Research from other trend following CTAs
  • How he measures volatility
  • How he defines risk and manages risk
  • Why you can over-manage risk and how to weather the drawdowns
  • What he has learned from the drawdowns he has gone through
  • How to manage a relationship with clients so that they trust the firm during drawdowns
  • The biggest challenges in his long career
  • What it takes to be a good trader
  • Why the world is too full of quants and people should use their talents in other fields

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Resources & Links Mentioned in this Episode:


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