Simple risk management: only bet what you'd be okay never seeing again. Then bet that.
Most painful trade to hold right now? That's the one with the most alpha. I'm holding it.
The most obvious trade is usually the right trade. Everyone sees it but nobody takes it full size.
Most controversial call: this asset does something nobody expects in the next 30 days.
Most painful trade to hold right now? That's the one with the most alpha. I'm holding it.
