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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (7756)	5/25/2008 5:50:49 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 71454

Just curious max, what season, year was your loss? 1998?

To: LTK007 who wrote (7756)	5/25/2008 6:00:02 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71454

Consider this: en.wikipedia.org while it would perfectly work in theory it is immensely difficult to apply to financial markets. The intrinsic reason for LTCM, Amaranth, Niederhoffer, Eifuku (also pronounced I fuck u) is that the implicitly overestimated their "edge" and consequently overbet according to their theoretically applicable Kelly bet. In strict Kelly theory overbetting means that regardless of the edge you end up with zero.