Summary
Everyone wants to pick the next [insert buzz stock ticker here...]. Stock picking is sexy. If however, you choose to be in the markets to make money, then be a student of the boring arts. Money is made in the money management module. In this chapter, we unveiled a small function that delegates risk setting to the markets, and will durably change the quality of sleep for seasoned market participants.
Next, we will explore risk. On the short side, the market does not cooperate. Market Darwinism dictates that surviving short sellers demonstrate superior risk management.
