Ep. 249: Mark Rzepczynski on Wicked Markets and Understanding Risk

Mark Rzepczynski is the managing member and CEO of AMPHI Research and Trading, a consulting firm to institutional investors and hedge funds on derivatives markets across all asset classes. His 40 years of experience includes CEO Funds Group of FourWinds Capital Management, president, CIO of John W. Henry Inc, and head of taxable fixed income research at Fidelity Management and Research. He was assistant professor of finance at the University of Houston and is an associate editor of the Journal of Alternative Investments. In this podcast we discuss:  

• Systematic vs discretionary trading 
• Risk vs uncertainty 
• Challenges of trading models 
• Using complexity and graph theory in finance 
• Volatility, uncertainty, complexity and ambiguity (VUCA) 
• Does experience in markets help? 
• Kind vs wicked learning environments 
• Do the hardest courses 
• Books mentioned: The Power Broker (Caro) , The Path to Power: The Years of Lyndon Johnson (Caro), Seeing What Others Don’t (Klein), How to Stay Smart in a Smart World (Gigerenzer),  The Structure of Scientific Revolutions (Kuhn) 

You can follow Mark’s work here. 

(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)