It is an unusual occasion to ask him how is he going after 26 years since the famous interview. Tom Basso is another Market Wizard from a renowned Jack Schwager book series, which appears on my show. It is indeed a 21st-century version of “Reminiscences of Linda Raschke takes a different perspective in this interview sharing with us market lessons while highlighting the tension between luck, risk, and passion.To me, it’s an extraordinary interview with an extraordinary person summarising her great book titled “Trading Sardines”.
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In the world of professional trading and money management, Linda Raschke stands out from the crowd for three factors: performance, longevity and consistency.Most frequently when talking about trading, we focus on its positive aspects.
Since 2015 Linda continues to trade daily for her own account. In 2002 she started her own hedge fund, which was ranked 17th out of 4500 for best 5-year performance by BarclaysHedge.Jack Schwager recognised her great talent in his famous Market Wizards series. She worked as a principal trader for several funds. She became a registered Commodity Trading Advisor in 1992. Linda began her professional trading career in 1981 as a market maker in options. The fund's computer system had stuck to its preprogrammed set of trading rules and mechanically exploited the market moves almost to perfection, while terrified humans had discussed closing it down.Although we discussed many negative aspects of trading and investing, there's a positive me Robert also explains why the most important factor to consider when investing is risk.You can hear how people managing billions of dollars were considering liquidation of market positions during the 2008 crisis, while at the same time, mechanical strategies made over a billion dollars in a single day. For seven years he was a portfolio manager at AHL - one of the world's largest systematic hedge funds - before, during and after the global financial meltdown of 2008.In this interview, we talk about many trading topics, mostly around the systematic approach and why it's so important for most of us to base the decison-making process on rules rather than discretion. Robert Carver worked in the City of London for over a decade. Paul's weekly podcast, "Sound Investing" was named the best money podcast by Money magazine.Please visit systemtrader.show/024, where 24 is the numb In 2013 he created The Merriman Financial Education Foundation, dedicated to providing comprehensive financial education to investors, with information and tools to make informed decisions in their own best interest and successfully implement their retirement savings program.Over the years, Paul has written many articles and books on investing. He retired in 1982 to create his independent investment management firm.Now retired from his company, he is dedicated to educating investors.
He concluded that Wall Street was burdened with too many conflicts of interest and decided to help small companies raise venture capital.
Paul began his career in the 1960s, working briefly as a broker for a major Wall Street firm.
Alan also shares some interesting tips into measuring system health, dynamic position sizing and anticipating trading signals.Paul Merriman, my today's guest, is a worldwide recognized authority on index investing, asset allocation, buy-and-hold, and active management strategies. In this episode we talk about Rotational trading systems, the impact of stops on results and alternatives to managing risk. He is also a councillor with the Australian Technical Analysts Association and contributes to the technical analysis articles for Fairfax press.
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Alan Clement is a Certified Financial Technician, full time independent trader, quantitative trading systems designer and private investment consultant.
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