ASYMMETRY® Observations are Mike Shell’s observations of investor behavior causing directional price trends, global macro, tactical ETF trading, momentum stock trading, hedging, volatility trading, and risk management that creates asymmetric investment returns. An asymmetric return profile is a risk/reward profile with a positive asymmetry between profit and loss. Mike Shell is the founder of Shell Capital Management, LLC and the portfolio manager of ASYMMETRY® Global Tactical
Risk–Return Trade-Off: What It Gets Right—and What It Misses
The risk–return trade-off is one of the most cited ideas in finance, but it’s also one of the most misunderstood. The framework correctly explains why returns exist—but it says very little about how intelligent investors structure those returns asymmetrically Read More