“Improving” the strategy typically serves as a self-correcting mechanism to remind the manager to stick to his/her philosophy and strategy, not to change it or “adapt” it every time s/he runs into some losses.
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59: Improvements Don't Always Work
mikemelissinos.substack.com
59: Improvements Don't Always Work
Aug 01, 2019
Whipsawed
The podcast of trend following fund manager Michael Melissinos
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59: Improvements Don't Always Work