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Curb your assumptions

Published in Automated Trader Magazine Issue 19 Q4 2010

Risk is a bad thing, right? You should do something about it, right? Well, maybe. There’s a new book out that challenges some very basic assumptions about risk. Wiliam Essex met Gerald Ashley, author of Financial Speculation*, to discuss risk and realism in trading financial markets.

Gerald Ashley

Gerald Ashley

William Essex: Let's get started. The magazine is called Automated Trader, which gives you a pretty big clue as to who's reading it. What can you tell our readers about risk?

Gerald Ashley: I'm certainly not against low-latency trading, but there is a philosop

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