“Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half.”
Quote by Bruce Kovner
Author
Bruce Kovner
Bruce Kovner (born February 27, 1945) is a renowned American hedge fund manager and philanthropist. He founded Caxton Associates, one of the most successful macro hedge funds globally. Known for his exceptional trading skills in currency and bond markets, Kovner is considered one of the most influential figures in the modern hedge fund industry. His investment strategies and risk management approaches have been widely studied and emulated by subsequent generations of traders. more
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