
Jack Schwager in conversation with Nithin Kamath
Zerodha Educate
Traders, Do You Think They Followed Risk Management?
Not all traders had rigorous mismanagement, because some of them din't use risk management in that sense. In some cases, their ability to identify value, value stocks and hold those positions was good enough for them to realize extremely good games with acceptable drawdowns. Aa martin taylor, who at the time i interview this wasn't last a full markaisbook fund marker, was this. He id never seen anybody so wildly bullish or bearish on a position as he was an apple. It doesn't mean it's ok for somebody who's takeng a first lesson to go up and try to do the same thing, right? Got it?
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