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Re: Risk of Ruin



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Like everybody I have done all the mistakes (and some that I invented). I 
started as a customer in 1971, became one of the major brokers of commodities 
in Paris (and vice Chairman of the Exchange in Paris) but in Paris we were  
more money managers than brokers because pweople were uneducated with 
futures. I have always been trading my own money since the 70's. Now I manage 
money for European Institution and few HNWI. I had some great succes and some 
gruesome losses while I was "shooting from the hip". Since I have worked on 
system I think that I have learned a bit in matter of risk control to avoid 
the big drawdowns that are a killer in this industry whether you are managing 
your own money or OPM.

Jean Jacques