A farmer throws many seeds, a tennis player hits more than one ball, and a trend following trader places many probing bets in the markets, using a consistent risk budgeting framework for statistical equality. Where we, that is Jerry Parker, Richard Brennan, and Simon M, all agree, is this: Diversification benefits are gratis. There’s no cost other [...]
The financial markets are in a perpetual state of flux, constantly evolving with changes in technology, shifts in regulatory landscapes, and the dynamic entry and exit of market players, all while business cycles ebb and flow. In the face of such uncertainty, how do we navigate these turbulent waters? How can we effectively process [...]
Dive into the legendary world of Turtle Trading! Watch the recording of a great evening with trend following fund manager panelists Jerry Parker, Moritz Seibert, Moritz Heiden and Adam Havryliv, with Richard Brennan acting as this evening's MC. As a special bonus, renowned author and expert on the Turtles Experiment, Michael Covel dialed in [...]
A couple of weeks ago, I started my new "Open Interest" podcast series on Top Traders Unplugged, a show which got started by Niels Kaastrup-Larsen more than a decade ago. Many of you will likely know TTU as one of the best trading and investing-related podcasts in the world, and I'm excited to be [...]
Simon M. and Richard Brennan invited us to their new show to talk about Takahē Capital and our trading approach. We cover numerous topics related to trend following strategies, get into some deep discussion about how we view and take risks, and generally unpack some practical tips which you will hopefully find valuable. It’s [...]
RCM's Jeff Malec, host of the popular The Derivative podcast, invited me to his show to talk about all things trading and trend following. It’s been a fun conversation!
I had the pleasure of moderating the the Crypto & Global Macro panel at Token2049 in London on 9 November 2022. With me on the panel were Dan Tapiero from 10T Holdings, Jordi Alexander from Selini Capital, and Jean-Marie Mognetti, the Founder & CEO of CoinShares. Recorded on November 9, 2022. [...]
You can generate wins taking random setups in the normal distribution pattern of historic prices. You’ll also generate your share of losses. To achieve any sort of long-term success, you need something that’s repeatable. “We need an edge in that market data to deliver positive expectancy over the long term,” says Richard Brennan. That [...]
We decided to move our Twoquants newsletter over to Substack.Why? It's easier for us to manage, and easier for you - our readers - to access.Visit our Substack page HERE.We also decided to rename/restart our 2Q Newsletter. Its new name is "Methods to the Madness" (MTTM). All existing subscribers will be moved over to Substack [...]
It’s been great to be on the Chat with Traders podcast on 7 September 2022 for episode #243. This write-up is meant to complement the episode and provide additional background on the warrant arbitrage trades I executed between 2015 and 2019. Before we start, episode #243 was Aaron’s last recording, and I’d like to take a moment to [...]
