TTU04: What it Takes to Become a Great Trader ft. Mike Dever of Brandywine Asset Management – 2of2
In this episode we continue our conversation with the founder and CEO of Brandywine Asset Management and discuss the aspects of what makes his rule based asset management style so successful.
Enjoy the second part of my conversation with, Mike Dever.
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In This Episode, You’ll Learn:
- Continuing the Conversation around why Trend Following can be more difficult
- Describing Disparate Return Drivers
- How Brandywine Assets Management actually implements the decisions of their trading model
- Why Position Sizing and Risk Management Principles are Everything
- How position sizes are managed across various Return Drivers
- Why Sharpe Ratio is a meaningless measure on it’s own. It doesn’t give you any idea on predictability of returns.
- The professional traders approach to the emotional challenges of drawdown.
- Managing regulation challenges
- The environment of marketing trend following strategies to investors
- What it takes to become a great trader today
- Who Mike started out aspiring to be like
- If Mike has any personal habits that contribute to his success
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Resources & Links Mentioned in this Episode:
- Jackass Investing by Mike Dever
- Learn about Dick Donchian the Grandfather of Trend Following
- Learn about Poul Tudor Jones of Robin Hood Foundation
- Learn about John W. Henry
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