Recent content by Fat-tail Cat

IMHO, empiricism doesn't equate to a marketposition, i.e. long or short gamma, it is the way one looks at things and draws conclusions. One can be long gamma and an empiricist. Vic chose the road of short gamma for pseudo-low vol and pseudo-alpha. 90% of the crowds out there don't...

nope, just an observer. Vic is a premier empiricist, that's why he loves to short gamma. Hats off to the practicing empiricists out there, because they are way ahead of 90% of the crowd, but with one caveat: beware of the logic behind the empiricism.

Vic's true gift to the trading world is showing how one can benefit from the noise through scientific methods. Since he is almost always short gamma, when there is signal or a tide, he can get hurt. His comments are often sarcastic and tongue in cheek. You really need to read between...