04 What it Takes to Become a Great Trader with Mike Dever of Brandywine Asset Management – 2of2
Summary: "Why is what you're doing going to continue into the future similar to what you're showing me that you've done in the past?"<br> 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.<br> <br> This is episode 004 with, Mike Dever.<br> <br> <br> In This Episode, You'll Learn:<br> <br> Continuing the Conversation around why Trend Following can be more difficult<br> Describing Disparate Return Drivers<br> How Brandywine Assets Management actually implements the decisions of their trading model<br> <br> "I wasn't fully joking when I said that the downside is I could have owned a professional baseball team today."<br> <br> Why Position Sizing and Risk Management Principles are Everything<br> How position sizes are managed across various Return Drivers<br> Why Sharpe Ratio is a meaningless measure on it's own. It doesn't give you any idea on predictability of returns.<br> The professional traders approach to the emotional challenges of drawdown.<br> <br> "I think that's the point. We have to accept that nothing is perfect and we make mistakes. We learn from them. We move forward."<br> <br> Managing regulation challenges<br> The environment of marketing trend following strategies to investors<br> What it takes to become a great trader today<br> Who Mike started out aspiring to be like<br> If Mike has any personal habits that contribute to his success<br> <br> "I'm kind of pretty normal and regular for the most part I guess."<br> Resources & Links Mentioned in this Episode:<br> Jackass Investing by Mike Dever<br> <br> Learn about Dick Donchian the Grandfather of Trend Following<br> <br> Connect with Brandywine or learn more about them<br> <br> Learn about Poul Tudor Jones of Robin Hood Foundation<br> <br> Learn about John W. Henry<br> Sponsored by Swiss Financial Services and Saxo Bank:<br> <br> Connect with Brandywine:<br> Visit the Website: www.brandywine.com<br> <br> Call Brandywine: +1 630 361 1000<br> <br> E-Mail Mike Directly: Mike@brandywine.com
