259: Lukas Frohlich - Executing Agenda Trading Strategy for Stratospheric Returns
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The Black Swan and the Bigger Accounts
It's the nature of the Black Swan. So it's for the fat tail. You won't lose on 99% of your trades, but it's the 1% that actually takes you out. The strategies that they use on paper at first seem the most profitable,. But they only work so well because they entail specific fat tail risk. "I tried to just maximize within the normal risk with putting aside or minimizing the Black Swan risk"
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