Gil Blake – Consistency

Gil Blake

You may also like...

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Gil Blake – Consistency

by Mike Rawson time to read: 5 min
More in Wizards
Michael Steinhardt
Michael Steinhardt – Variant Perception

Today’s post is a profile of Guru investor Michael Steinhardt, who appears in Jack Schwager's original Market Wizards. His chapter...