Blog Posts

Cash on the sidelines is a term that traders refer to in order to describe how much capital is supposedly out there to go into financial assets. The price of a financial asset is just money and credit divided by the quantity of it. So while things like valuations and determining notional fundamental values of […]

Julian Robertson (1932-2022) was the founder of Tiger Management, and is celebrated as one of the most influential figures in hedge fund history.  We look into his trading strategy, markets philosophy, and the lessons traders and investors can glean from his storied career.   Key Takeaways – Julian Robertson Trading Strategy & Philosophy Prioritize Deep […]

Overlays in trading involve adding specific strategies or positions to manage risks or improve returns without taking away from the core holdings of the portfolio. Overlays can be applied to various aspects of financial markets, including currencies, volatility, commodities, and more.   Key Takeaways – Overlays in Trading Risk Management – Overlays allow better precision […]

If you find the Vanguard ETF offerings overwhelming and hard to sift through, you’re in the right place. We give a summation of each ETF to help you gain better clarity among your options.   Key Takeaways – Vanguard ETF List Vanguard’s broad selection of ETFs offers specialized options for nearly every investment goal and […]

Actively trading markets is an enticing challenge for those trying to achieve returns beyond what a standard diversified portfolio might offer. After all, if you’re reading this article, you probably think you can actively trade and add value over simply passively holding index funds. Yet, the pursuit of “beating the market” is complex and full […]

Stanley Druckenmiller is known for his success as a hedge fund manager and is counted among many as their favorite trader. Druckenmiller’s trading strategies, philosophy, and approach to risk management have inspired many globally.  His influence stretches from his early days in finance to his famous partnership with George Soros, through to his role in […]

A common criticism of hedge funds is that they don’t beat the market (commonly taken as the S&P 500, which is the world’s most tracked equity benchmark). Some even use this as a way to question why hedge funds exist in the first place. Namely, if something doesn’t add value, then shouldn’t natural forces do […]

Michael Marcus (1947-2023) was the first trader interviewed in Jack Schwager’s famous Market Wizards series. He’s known for doing what most traders dream of doing – transforming modest capital into significant amounts of money, often yielding returns that would be remarkable by any standard (48% compounded returns over a 20-year period). Let’s look into the […]

Ed Seykota is a trader most known for his work with automated, systematic trading and the futures market.  Famous for his feature in Market Wizards where author Jack Schwager wrote that his “achievements must certainly rank him as one of the best traders of our time,” Seykota began trading in the 1970s, at a time when […]

Understanding randomness is important for traders and investors. It shapes risk management strategies, the effectiveness of trading algorithms, and decision-making processes.  The skill vs. luck question is especially relevant for new traders, as any initial success or failure may be attributed to one or the other without actually knowing what’s causing or leading to what. […]