The VIX Does Not Measure Fear. It Measures Insurance Prices.
The VIX is called the fear index, but that label is misleading. What the VIX actually measures is the price of options protection, and that price is driven by supply and demand, no
Position Sizing Is the Decision That Matters Most
Most investors spend their energy deciding what to buy. The far more important question is how much to buy. Position sizing determines whether a good idea makes you money or destro