Bankroll Management
topic on 1 show · 1 statements across 1 episodes
1 statements about Bankroll Management, every show
Duke: Investors mismanage risk by overestimating their edge and underestimating volatility
“We're bad at it for a couple of reasons. One is that we generally overestimate our edge. Let's be honest. We think we're better than we are. We also underestimate the vol. I mean, we tend to. So we generally think we need a lot less money than we do, and then …”