6min chapter

The Compound and Friends cover image

Black Swans, Stock Market Crashes and the Chaos Kings

The Compound and Friends

CHAPTER

The Threefold Philosophy of Trading

Mark Spitz-Nagle and Talib's trading strategy is threefold. The future dominated by big impactful events is very hard, if not impossible to predict. A single large drawdown matter more than a long series of small wins. There are nuances to this strategy that they apply that makes it cheaper than you would think.

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