We think about risk before we think about returns. This is a foundational belief, not a tagline. When we eventually build and deploy trading systems, risk management will not be a feature — it will be the architecture itself.
We believe the right question is not "how much can we make?" but "how much can we lose, and can we survive it?" Every system we eventually build will be designed with this asymmetry in mind.
We do not have a risk engine yet. We do not have trading controls yet. But we are studying risk frameworks deeply, because when we do build, risk will be embedded in every layer from day one.
How much capital to allocate to any single idea. Too much and one loss is catastrophic. Too little and the returns are meaningless.
Diversification fails when correlations spike. Understanding how positions relate to each other — especially in stress — is essential.
Markets shift between calm and volatile states. A system that does not recognize regime changes will eventually fail in one.
The firm that thinks about failure first
is the firm that endures.