It’s not about trying to make all the trades a winner - it's about having the average win be much greater than the average loss - and that is asymmetry.—Mike Shell
In This Episode, You'll Learn:
- The ways that Mike’s firm is different from other firms.
- His upbringing in Tennessee.
- How he started Shell Capital in 2004.
- The books that influenced him in his trend following education.
- What his experience was in the brokerage world.
You have to start somewhere - even some of the greatest traders in the world started the same way.—Fname Lname
- Why he left the brokerage world and what gave him the courage to become an entrepreneur.
- His experience in the military and law enforcement.
- What he does when he’s not trading.
I create systems for everything - everything we do is some sort of system. That’s my passion.—Fname Lname
- Why symmetry is the last thing he wants when it comes to investing.
- How his asymmetry term came about.
- Why he relishes uncertainty.
Change and uncertainty, the thing that a lot of people fear, is actually what leads to happiness.—Fname Lname
- How he structures his firm to compete in his industry.
- How the firm plans to grow and what they outsource.
We are completely and utterly focused on this one thing that we do.—Fname Lname
- The way that people should interpret his track record.
Resources & Links Mentioned in this Episode:
I read 'How to Make Money In Stocks' in the early 90s and that got me interested in trading.—Mike Shell
Books that Mike was influenced by:
This episode was sponsored by Swiss Financial Services:
Connect with Shell Capital Management:
Visit the Website: www.asymmetrymanagedaccounts.com
E-Mail Shell Capital Management here.
Follow Mike Shell on Linkedin
An algorithm is a big scary word to people, but it’s just a decision tree.—Mike Shell