About Paul Kedrosky
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| Dr. Kedrosky is currently the Executive Director of the William J. von Liebig Center in San Diego, California. Using an innovative seed capital program, the Center catalyzes the commercialization of technologies from the internationally-ranked University of California, San Diego. Dr. Kedrosky is also a venture investor with Ventures West, Canada's largest institutional venture capital firm, where he is most active in consumer technologies and software. He is currently on the board of Marqui Corporation, a marketing automation software company. |
Recent Article:
Evaluate Traders by Their Stories
- For more on Paul Kedrosky visit paul.kedrosky.com
Emanuel Derman relates a Fischer Black observation on trading from 1994 that is worth pondering:
All opportunities have stories. When prices are funny, and we can tell a good story about why they are funny, we should take big positions. But stories about trends or monetary policy are usually not good stories. When we evaluate traders, it's crucial to judge the stories they trade on. Looking only at their profit and loss statements is a recipe for disaster.
Wise words. In trading it's as much how you got there as the results you obtained.
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