Negative Capability aka Hedging

What Makes it so Difficult?

Dear Readers,

With the recent debacle involving FTX, the second largest exchange in crypto, I think it timely to review and emphasize the counter-balancing role that risk management must play in our careers as speculators. Nor is this ad hoc, or after the event, but a re-appraisal of the principles that were first espoused in the 'Fool-Proof System'. Fu…