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Jack Schwager & Michael Gayed Share Top Investment Secrets

Lead-Lag Live

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The Importance of Volatility in Trading

Having a volatile backdrop to success when it comes to these market wizards? I mean, I got a stupid that volatility is what kind of separates the men and women from the boys and the girls. There's a great danger in reading too much into returns without considering the environment in which those returns were generated. It just seems to me that the macro cycle determines the likelihood of people confusing alpha from beta more than not.

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