"There is a saying that bad traders divorce their spouse sooner than abandon their positions. Loyalty to ideas is not a good thing for traders, scientists, or anyone."
--Nassim Nicholas Taleb, Fooled By Randomness
In my down time I enjoy reading other's thoughts on the markets and inherent risks involved with participation. This saying reminded me how important internal risk management is. One must constantly re-evaluate their own thoughts and beliefs. Stubbornness wins out occasionally, but sometimes takes years to be proven correct. In the mean time, one may become insolvent and/or illiquid.
Patrick M. Ambrus
Managing Partner
Analyze Capital LLC
analyzecapital@gmail.com
