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I think this post hits the nail on the head -- and exactly WHY we don;t see more of it. It isn;t that it is soo arcane (geometric mena maximation as an alternative to the mean-variance style models) but that the criteria of wealth maximization is a poor criteria -- it is NOT the fund manager's...

[["In a negative expectation game, there is no money-management scheme that will make you a winner?" I've often used that quote myself as a reference on this board.]] Yes -- I said that. I believed that. For a long time. I was dead wrong. It is only true in the long run sense. In the finite...

No, I am the bozo. I can make mistakes that exceed most people's nightmares, quite reflexively. I AM trying to promote the LSP Model (the degree of success or failure here, I cannot determine -- I have decided it will likely take a generation to catch on, given exactly what you refer to about...

"No amount of management can save a losing strategy." This is not true for a finite number of trades/holding periods/plays.

Timbo -- yes, that is the accepted argument/ However, the caveat to that argument is "In the long run." That is, as the number of holding periods or trades increases, approaches infinity. I have since found that this accepted argument doesn't always hold during finite periods of arbitrary...

I was directed to this post from an aquaintence of mine who is a member here. Allow me to preface my point here with this: About a year ago I began trading solely on the basis of arbitrary timing -- there is no fundamental or technical criteria to the timing of my trades. I have only traded...