Investors do not necessarily lower their risk by reducing the volatility expectation of their returns. That’s because volatility and risk are two very separate matters. When investors are too keen on obtaining a smooth “all weather” return stream, odds are that at some point they will end up with the opposite. That opposite is negative [...]

What signals do you use to get into a trend following trade - price breakouts, or moving averages? That's a question which has come up several times on the Systematic Investor podcast in recent years. Through this article I'd like to answer the question a bit more detail and give an overview of the [...]