What price, excellence ?

My most admired local trader has hung up his guns.

“In past years, I have been doing 18-hour workdays with very active positions’ management to keep downside volatility of funds very low. I cannot do that with my current health conditions.”
-C, 50

C, who wore his faith openly in an industry where attributing your trading/fund management success and acumen to anything less (or more) than human/quantitative skill is a sure path to killing any fund-raising effort, had previously credited his religious faith for climbing out of severe drawdowns and referenced biblical verses for trading wisdom (openly on his company site).

His fund’s Sharpe and Sortino ratios are…simply exemplary.


“The race is not to the swift, or the battle to the
nor does food come to the wise or wealth to the
brilliant or favor to the learned;
but time and chance happen to them all.”

“A traveller! I love his title. A traveller is to be
reverenced as such. His profession is the best symbol
of our life. Going from _____ toward _____; it
is the history of every one of us.”


3 thoughts on “What price, excellence ?

  1. It looks like he recognised that the most valuable commodity is time. I think that as we get older its value increases dramatically so we get ever more picky about how we spend it. Nigel

  2. Nigel,

    Yes, Time, that ancient order… who may please some but shall without fail judge all; in both joy and terror, of good and bad…

    Time is a most impartial judge, and is remorselessly agnostic about age (yet another recursive statement)…
    Maybe those who feel most secure about time, are the ones who have died a thousand moments without knowing it.


  3. No matter how it is diced and sliced, C’s fund performance is redoubtable.

    What is even more admirable, was how years ago he took the effort to give kind words of encouragement, to a newcomer to this rather cutthroat business, who was feeling overworked and a little apprehensive.

    For old times sake, the addendum above.

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