More Go
So far today, bonds up stocks up….after a 10% correction.
I've been playing a bit more Go Make. There is a funny switch between offense that switches back and forth between players, and also within the mind of the individual player. Go is a very binary game, yet as Wolfram, and Vince have demonstrated, even a simple binary function can create complex situations.
Speaking of stops, former List Member Seattle Phil, who also wrote a book on risk management, said that they will always find your stops. Like this morning where they searched out the round to clear off stops before taking it up. The conclusion back then was that leverage was the key to risk management rather than use of fixed price stops. Time stops for the expectation period and leverage were the key to risk management. I think this is where long term systems have a weakness.