Lessons from the Mortician: volatility modulation

Paul Tudor Jones II, Santhanam Nagarajan and Dario Villani show how to use volatility modulation

volatility modulation

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Paul Tudor Jones II, Santhanam Nagarajan and Dario Villani of Tudor Investment discuss two risk-taking rules-of-thumb, and show how volatility modulation may be used by traders to meet their objectives

Most people look back on their twenties with fond memories and sometimes incredulity. One of the authors of this article, Paul Tudor Jones II, started trading in 1976 when commodities were routinely doubling and then losing 50–90% of their value, all within the same ca