Gil Blake – Consistency

Gil Blake

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2 Responses

  1. Avatar Jeff Christian says:

    Did you ever try it? If so, how is it going?

    • Mike Rawson Mike Rawson says:

      I don’t use Blake’s “one penny” rule, but yes, I’ve been doing it in a small way for a few years now. It gets easier as transaction charges come down.

      This is not a great macro environment for factor investing of any kind (low interest rates, massive central bank intervention), but if any is still working, it’s trend/momentum.

      That said, at the moment I see this as a way of reducing the volatility (and increasing the Sharpe ratio) on my core long passive portfolio, rather than as a source of outperformance.

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Gil Blake – Consistency

by Mike Rawson time to read: 5 min
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