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Way of the Turtle by Curtis M. Faith

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seven BY WHAT MEASURE?

Mature understanding of and respect for risk is thehallmark of the best traders. They know that if you don't keepan eye on risk, it will set its eye on you.

Akey question, perhaps the only question, to ask when you are considering a system-based trading strategy or trying to select a fund advisor who uses such a strategy is: "How can you know whether a system or a manager is a good one?" In general, the answers the industry offers are various takes on the following: The strategy or manager with the highest risk/reward ratio.

Everyone wants to make the most money for a specific level of risk or incur the least risk for a particular level of expected return. On this point we are almost all in agreement: traders, investors, ...

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