Anton Kreil Notes

In English

• Never take money out of the fund
• Positive vs negative selection portfolio
• How to calc volatility
• make money => reinvest
• lose money => do not increase risk
• Download as much data as you can
  • To understand, among other things, time horizon & opportunities
  • Historical volatility
    • Open-Close, high-low is too far-fetched
  • Illiquidity can be your friend as much as your enemy
  • Leverage does not change the probability adjusted return