Hedge Fund Market Wizards


Thread with quotes from the book

"This volume is part of my continuing effort to meet with exceptional traders to better understand the elements underlying their success."

26/ "A CTA has a systematic way of defining when a trend has changed. Another way you can tell is if a market displays price action that is characteristic of the late stages of a bubble, such as an exponential price rise, like silver in 2011." (p. 36)

47/ (Note: From time to time, I get questions about whether to buy/sell a stock. Diversification into assets with low correlations matters much more than adding or cutting a single position. The AQR paper below reaches the same conclusion as Dalio does.)