Practical Lessons from Jerry Parker

"in my funds, im usually the biggest investor" Dats dat Nugga. Salute

BINGO. Do yourselves a favor, realize youre most likely lucky to capitalize off the pivots in "life"

Saturn is the Superpower

...Happy "Columbus Day" to all Americans, Excellent video, thank you

too much fun.
yessir

Well this was a good listen this morning as my account was taking in the cash! You’ve got have a system and stick to it. Know your levels of Fear and Greed (I have 1% Fear and 99% Greed), and calibrate your system accordingly. Cheers guys! 🍻

Pulley / Pushy = Carrot /stick approach

For the argument of trying to eliminate value traps by some quantitative rule based method, this reminds me of stop and frisk in NYC. People matching certain stereotype would be harassed and searched by police. They sometimes stopped bad guys but more often than not, innocent people were targeted. The "market" in this circumstance could adapt to not match the stereotype by not dressing a certain way so that over time only innocent people would be targeted. Similarly, accountants of firms in trouble could take steps so that such rules of filtering wouldn't be triggered. Static rules are due to stop working over time in a dynamic system. The focus on price to book may be pointless, as Value investing is supposed to be about figuring out what something is worth and purchasing it for less than that and doing one's best to make sure it's not a melting ice cube that's cheap on the way to zero.

Don't simply retire from something; have something to retire to.

Trend-following strategies make me think of algorithmic trading, where computers automatically identify and follow trends. Do you think human intuition still has a place in trend-following?

Are the need for success early on / fear of loss later on not the same emotional experience?

This convo was great, and gives me something to think about because initially, I'm not sure why changing our system after success (to be conservative) is perceived as good thinking, whereas changing the system early on is not