Diego Parrilla
๐ค SpeakerAppearances Over Time
Podcast Appearances
But if that will be a 1% up and the downside scenario is down 50%, then the expectancy is negative.
So
I give a lecture at Imperial on this, you know, the four levels, you know, probability, expectancy, position sizing and portfolio construction.
And we have covered a lot of it today.
But I think it's about understanding the science and the framework around your process.
And I think it's about
knowing yourself and effectively taking the good pieces from all the guys and being yourself.
So I think in that sense, my personality is well fit to options.
It's kind of how I'm wired and the kind of guy that I can perfectly sleep at night with minus one, minus one, minus one, minus one, minus one, minus one, plus 20.
And some people couldn't sleep with that.
So perhaps you should be a different type of investor.
And I'm not saying the fact that what I do might or may not work doesn't mean that there are infinite ways of making and losing money.
So my humble advice would be be a curious student, pick the best in class in different sectors and try to pick all the good things about them and develop your own strategy.
And I think
Definitely start with Taleb, Warren Buffett, and some trader.
Pick your guy.
There's others.
There's Simmons.
There's AI.
There's tech.