The best life is about maximizing expected value over your remaining lifespan.
Stop optimizing for low volatility comfort.
That's just curve fitting to your current local maximum.
The play is:
1) Identify what has asymmetric upside (skills, relationships, projects where downside is capped but upside is huge)
2) Size positions appropriately (don't YOLO, but don't under-allocate to high-EV plays either)
3) Rebalance when you're overexposed to things that stopped working
Most people are running a backtest on someone else's past and calling it a strategy. They found one path that worked (college → corporate job → house) and assume it's optimal forever.
Markets change.
You change.
Recalibrate. The difference between living well and living your best life is the difference between holding cash and actually deploying capital.
diagnosing ML models for noob modelers
sorry friends for the delay I have been taking a break from anything maths related. turns out there are more to life.
as usual giving access to some who RT. but if not that's fine too. life is too short.
crushing your 20s protocol:
avoid debt.
get in shape.
learn a monetizable skill.
take risks.
learn about money.
live on your own.
no hard drugs.
start a business.
travel. eat real food.
keep your family close.
don’t chase women.
work hard.
pick your friends wisely.
Dear fintwit,
are you guys in the trenches actually using Marco De Prado’s techniques? (triple-barrier, meta-labeling, …)
I have heard people loving the lessons and people hating them…
@macrocephalopod@systematicls@ScottPh77711570