Weekend Reads: Handling Risk

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I learned that it is not necessarily the system that makes you the money but the way you handle risk.

Going home flat – (Futures Magazine)

 

The hallmark of a good investor realizes that the rules do apply to them and they own the fact that they are no more gifted or special than the next person. Most investors tend to leave about 50% of their profits on the table due to bad emotional decisions

Daniel Crosby Interview with Michael Covel – (Trend Following Radio)

 

London quant firm Winton Capital Management, which manages $33 billion, said in April it’s starting a data science center in San Francisco and plans to hire some 40 scientists.

Big Data Is a Big Mess for Hedge Funds Hunting Signals – (Bloomberg)

 

Say what you will about hedge fund managers, but, at the end of the day their net worths and livelihoods depend almost entirely on their investments in their own funds. The same is true of private equity titans and the CEOs of most public companies.

I Dare You – (Reformed Broker)

 

Many are speculating that a no vote could get the ball rolling on Italy creating economic turmoil while at the same time fueling the fire to leave the E.U.

Is The Italy Referendum Vote the Next Blow to the Euro – (RCM’s Attain Alternatives Blog)

 

Jim Cielinski, global head of fixed income, at Columbia Threadneedle Investments, examines moves in the Italian bond market as the nation goes to the polls for a referendum vote on Sunday.

Italian Bonds Jump Ahead of Referendum Vote – (Bloomberg)

 

Outflows from the SPDR Gold Shares exchange-traded fund (GLD) — far and away the largest exchange-traded commodity fund by assets — have totaled nearly $1.4 billion over the five sessions ending Friday

Investors Flee Gold Fund at Fastest Pace in Over Three Years After Trump Win – (Bloomberg)

 

Oil futures rallied Thursday in the wake of OPEC’s production-cut deal, with West Texas Intermediate crude topping $50 a barrel to end at a six-week high and Brent crude logging its best finish since August 2015.

Oil futures settle at 6-week high, above $50 after OPEC deal – (Market Watch)

 

Industrial metals rallied almost 30 percent in 2016 as demand stabilized in China, U.S. President-elect Donald Trump pledged to invest in infrastructure and revitalize the U.S. economy, while mine closures curbed supply.

Zinc Rises to Highest Since 2007 as Metals Rally on China Demand – (Bloomberg)

 

In the not-too-distant future, our fields could be tilled, sown, tended and harvested entirely by fleets of co-operating autonomous machines by land and air.

In the future, will farming be fully automated? – (BBC)

 

Two Sigma is offering $100,000 in prizes to a pool of 730,000 coders to craft the best predictive trading algorithm.

Two Sigma Taking Crowdsourcing Approach To Trading Algorithms – (Deal Breaker)

 

“If the government did acquire one of these companies or even became an investor in one of these companies, that investment could be called back to the holding company and whoever that investor or company was, would be kicked out of the group,” he said.

Chicago Stock Exchange tries to ease fears over China deal – (Reuters)

 

Alternatives may look nothing like their return stream since 2000, but neither may stocks. The non-correlation and mixture of the two are what makes it work over the long term.

Are Alternative Investments Worth It? – (RCM’s Attain Alternatives Blog)

 

Just for Fun:

The holidays will be much happier for families of 1,500 workers at Exelon Corp.’s Clinton and Quad-Cities nuclear power plants after the Illinois General Assembly voted Thursday to approve an energy policy overhaul that will keep the plants open for another decade.

Illinois lawmakers approve Exelon energy bill on final day of veto session – (QC Times)

 

The Hyde Park university has set aside $25 million of its $7.1 billion endowment to invest in startups with close ties to the campus,

UChicago Launches $25M Fund For Investing In Startups – (Chicagoist)

 

With its proximity to the Arctic, Alaska is warming about twice as fast as the rest of the United States and the state is heading for the warmest year on record. The government has identified at least 31 Alaskan towns and cities at imminent risk of destruction, with Shaktoolik ranking among the top four.

A Wrenching Choice for Alaska Towns in the Path of Climate Change – (New York Times)

 

It’s a similar story in Alaska, which had the nation’s third-highest per capita tax revenue in 2014 (Vermont was No. 2). Severance taxes account for a whopping 72 percent of Alaska’s tax revenues.

Where Your State Gets Its Money – (FiveThirtyEight)

 

But as we looked into the deal, and others like it, we began to realize how little we knew about the U.S. government’s assistance budget, which ranges from programs combating HIV/AIDS to those directly funding other nations’ armed forces.

Everything you ever wanted to know about the U.S. foreign assistance budget – (Washington Post)

 

The Netherlands and Belgium, with their royals in attendance, on Monday signed a deal for a peaceful exchange of land between them for the mere fact that it makes sense to do so.

No shots fired! 2 EU nations exchange territory as friends – (AP)

 

The size of a large caribou herd in Alaska’s Arctic region has dropped by more 50 percent over the last three years, and researchers who have tentatively ruled out hunting and predation as significant factors for the decline are trying to determine why.

Alaska biologists research mystery of declining caribou herd – (AP)

 

What is a flower like from a bee’s perspective, and what does the pollinator experience as it gathers pollen? And that’s why we’re talking to you in the second person: to help you understand how bees like you, while hunting for pollen, use all of your senses — taste, touch, smell and more — to decide what to pick up and bring home.

If You’re a Bee. This is what is Feels Like – (New York Times)

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