145: Aaron Fifield – Six Ways to Emulate Talented Traders
Chat With Traders
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How to Make the Most of an Edge
How do you make the most of an edge? I interviewed a gentleman, Victor Higani. He was one of the founding partners of long term capital management. They failed so badly that the Federal Reserve had to step in and organise a bailout. The experiment involved 61 participants who were told to flip a coin for 30 minutes straight. If they backed $10 on heads, they made $10; if it came up heads, they won $10.
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