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SI159: Embracing Uncertainty for Outsized Returns ft. Richard Brennan

Top Traders Unplugged

00:00

What's the First Topic We're Going to Talk About?

The first topic we're going to talk about to day actually is a term that, i would say, ten years ago, we didn't talk about at all. And so to reveal what the term is that we aregoing to talk about, it's kew - something that er, i think a lot of people probably have heard. Not sure everybody fully understands what it is. So when we refer to skew, we're referring tothe degree of a symmetry observed in th e probability distribution. The way we describe this is we compare and contrast ske a skew distribution, to what we refer to as a normal distribution. This particular market condition that we are exploiting is not the normal, traditional

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