TTU94: Acknowledging Risk on a Daily Basis ft. Bill Dreiss of Dreiss Research Corporation – 2of2 | Top Traders Unplugged

TTU94: Acknowledging Risk on a Daily Basis ft. Bill Dreiss of Dreiss Research Corporation – 2of2

In our continued conversation with Bill Dreiss, we dive into why he built his model the way that he did, and how he deals with factors like risk, drawdowns, and investor relationships. You’ll discover what he has learned from the drawdowns he has gone through, how the market has changed since 2009, and what the future looks like for Dreiss Research.

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In This Episode, You’ll Learn:

How he thinks about succession planning
What people should be aware of in his long track record as a firm
What has changed in the markets since 2009
How markets are more interrelated than they ever have been before
How he describes what he is trying to achieve for his investors
Why you shouldn’t be investing if you can’t live through a 50% drawdown
What the choppiness index is
Why it is so difficult for people to see the advantages of CTAs and trend following
How many commodities he trades
How diversified his trading program is
What differentiates Dreiss Research from other trend following CTAs
How he measures volatility
How he defines risk and manages risk
Why you can over-manage risk and how to weather the drawdowns
What he has learned from the drawdowns he has gone through
How to manage a relationship with clients so that they trust the firm during drawdowns
The biggest challenges in his long career
What it takes to be a good trader
Why the world is too full of quants and people should use their talents in other fields