“[A]t any point in time, the richest traders are often the worst traders. This I will call the cross-sectional problem: At a given time... the most successful traders are likely to be those fit for the latest cycle.”
Original source
Five: Survival of the Least Fit—Can Evolution be Fooled by Randomness | Carlos the Emerging-Markets Wizard | Lines in the Sand
Five: Survival of the Least Fit—Can Evolution be Fooled by Randomness | Carlos the Emerging-Markets Wizard | Lines in the Sand
Recommended reading
Curated resources for this quote coming soon.
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