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Are you a Muslim, out of curiosity? Such aversion to interest, is it a religious thing for you? You wanna replace all US treasuries w/ sukuk?

Oh jeez...

I agree and, if you look at the link in my other post (the Tiburon one), I think those guys broadly agree with you as well.

All these are variations of the same idea, which can't address the fundamental uncertainty inherent in estimating the inputs. Sure, you can run any number of backtests or Monte Carlo simulations to get some flavor of F, which will fit in that particular instance. In other words, you can...

I am relatively familiar with F-Secure, but I have never heard of Secure F...

Please allow me some light entertainment... In seriousness, my views are in agreement with your earlier post. The specific number, whether it's 10x, 20x or whatever, doesn't matter, but the principle is correct.

There is a LOT of variants discussed out there on them internets... For example, this: http://www.distressed-debt-investing.com/2010/04/kelly-formula-and-event-driven.html

The fact that it makes zero sense to you makes me sad...

It is reasonably clear to me (and I am not a "guru") what Visaria meant and I happen to agree with the logic. However, I think I'll leave it to Visaria to explain.

What sort of a "guru" are you if you ask questions like this?

Well, firstly, I won't recommend the obvious, such as stuff by Taleb. I am a big fan of Aaron Brown. While it's not perfect, I think his book "Red-Blooded Risk" is very insightful in a lot of ways.

Moreover, there are now 3 lawsuits pending (most recent one not directly targeting RCG)...

It's kinda tough to explain, tbh, since it has a lot of inputs. Basically, the idea is that you need to maximize your ex ante Sharpe ratio, while minimizing the use of scarce resources. When I talk about scarce resources, I am referring to the various constraints, such as VAR, leverage...

No, I am not at all opposed, since it's horses for courses, so to speak. I am only suggesting that, if one uses these methods, one should be consistent and diligent in their application. As to my personal preference, I use a different approach for my risk decisions, since I operate under a...

Very well... I think we should agree to disagree on this for now and let everything evolve in the fullness of time. BTW, it may be more interesting, but also easier and less contentious, to discuss all these issues in the context of the RCG Sequoia Fund, instead of PS.

Well, as to Ackman, needless to say I think you've got your rose-tinted glasses on. I don't expect you to believe me, but I will tell you regardless and we can maybe stop discussing this topic, since it's so subjective and non-factual. For a very long time, I have worked for a fund whose...

Yes, you should use the fwd, albeit with a little bit of care...

So let me speak very generally about some of the issues that Daal raised... Especially, since I am being accused of being non-constructive. My goal here was to avoid getting into a discussion that would be more about our biases than about the substance of the issues. So there are a few points...

Singapore being high on this list illustrates the dangers of ignoring the devil in the details and relying solely on the headline figures.

TBH, I find Brexit difficult to deal with. There are lots of unknowns and the most onerous ones have to do with the mkt's reaction to the event. In cable, for instance, there's so much that's been priced in and the vols have moved so much (for instance, the 1m-3m vol spread in cable is trading...