74 min listen
075: Green Eggs and Traders
ratings:
Length:
5 minutes
Released:
Feb 17, 2017
Format:
Podcast episode
Description
Did you know that Dr Seuss wrote the book “Green Eggs and Ham” on a bet that he couldn’t write a book with 50 words or less? That’s right, in 1960, the founder of Random House made a $50 bet with Dr. Seuss that he would not be able to write a book using only 50 different words. Well he accepted the challenge… Creating “Green Eggs and Ham”… And that book has sold more than 200 million copies, making it one of the best-selling childrens books in history! Think that was a fluke? Dr Seuss found that setting constraints was so powerful he used it with other books as well. His book ‘The Cat in the Hat’ was limited to around 250 different words from a list of 348 words selected from a first graders vocabulary list. That book sold millions of copies too. Dr Seuss is just one example of the power of constraints, showing us that setting limits can often produce better results than “keeping our options open”. Constraints can force us to think better, work better, and come up with more creative solutions. So how can we apply this principle to trading? What impact can it have? In this episode we discuss a few ideas from Kevin Davey, take a listen. Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
Released:
Feb 17, 2017
Format:
Podcast episode
Titles in the series (100)
010: Perry Kaufman discusses applications of market noise, mitigating price shocks, volatility and using the Information Ratio to monitor strategy performance.: Perry Kaufman discusses market noise, the impact it has on trading styles and how it can be used to determine which strategies suit a particular market. We also talk about price shocks and how to mitigate their effects, how to use volatility in... by Better System Trader