Margin of Pain

Archive

Market History

Market events, regimes, and public records.

May 25 Larry Williams and the Problem With a Record Year Larry Williams is famous for turning a small futures account into a contest legend. The more useful story is what that record does not teach. May 24 Stanley Druckenmiller and the Art of Waiting A source-led dossier on Stanley Druckenmiller, patience, position sizing, asymmetric trades, and why his method is easy to admire but dangerous to copy.