Business, Management and Accounting
8 years ago

New Money Management Techniques Revolutionize Trading and Investment Strategies

Elsevier eBooks
Key Concepts and Definitions of Terms
Andrew Kumiega, Benjamin Van Vliet

Paper Summary

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The article explains key terms in money management, such as benchmark, best practices, and the Delphi method. A benchmark is a standard used to compare performance, while best practices are more effective techniques. The Delphi method involves gathering expert opinions to reach consensus. Money management involves using seed and investment capital to develop and implement trading strategies for clients. The design and development process transforms requirements into a working system, including risk management.