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Hi Brent, I'll be horrible today, but I couldn't resist:
BrentinUtahsDixie a écrit:
> Hi Charles,
>
> I for one would be looking for experience and secondly trading philosophy.
> Make sure you see ‘eye to eye’ for the most part. You will want to have a
> personal interview. If you want to find the middle ground when evaluating
> someone, find a person that knew the manager before, like a roommate or a
> previous wife to ask, then you may find the truth in the middle.
Knowing the person well is certainly key, however make sure you apply the right
"criteria" to "judge" the person's potential. Look for internal balance.
> I know of
> one person claiming to be a manager with more then 9 million in management
> that seemed to have a very short fuse,
Stay away for sure.
> I wouldn't want that type of
> emotionality in a manager. Other clues, what kind of car do they drive,
So what kind should he drive???
> how
> organized are they,
Indeed,
> what time do they get to work.
Yes and no: Again, what is their degree of balance? Check for consistency.
> Have they been
> published,
Why would it be a good sign, given most published stuff has not that much to do
with real trading expertise?
> have them show you some of their work, in my opinion it takes
> time and hands on experimentation to understand the subtleties the markets.
That supposes you know how it should be done. Otherwise, you'll really decide
following the same flawed process which had you trading wrong. Same rubbish
input, same rubbish output.
> It’s your money so treat them like an employee.
>
Uh oh, do you treat your doctor like an employee? and yet it's your life...
Isn't this more a business relationship, you requesting a supposedly more
skilled person to do something you cannot do so well, or have no time to do so
appropriately? So that should deserve more respect, or does it mean the skill
of managing money has no value?
> Good hunting,
Let us know when you kill the deer...
>
>
> Brent
>
In my experience, people chose their managers the same way they trade, ie,
without much success. Reason is they apply the same flawed concepts and rules:
they want to dream and yet look for comfort, going with people that will be
slick and reassure them. Things never go straight, so they shift and change and
swap as their whim goes following the most recent performance. They do really
with managers as they do with systems: they want a holy grail thing with no
effort and pain. The Best are not attracting the most money by far.
I'd look for someone with a very high degree of personal balance, with strong
consistency in his work, with a superior listening ability, and who will say NO
to you, if you screw up as a client. This person will radiate tremendous inner
energy, and will not be trying to convince you of anything, it will trade very
consistently, should show stable behavior accross time and know exactly why it
does things the way it does.
I admit, these are certainly quite few.
Yours
Gwenn
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