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Bond Trading - I'm Buying It With Your Eyes Closed.
i'm trying to get people not to overthink again. It's focusing on the tail risko what if the inner net stops working? Well, ladies and gentlemen, we have a way bigger problem. I retired in two thousand and 15 from the hedge front business. 35 years of trading risk took an incredible emotional toll on me. Managing money is a horrible business. In orders of magnitude. You still feel like a donkey, but ou s your own money going. The bank has tons of it. And if you're managing money for friends and family, which i did a in my hedge fund days, even if you're doing better than your bench mark, but you've lost money