Eric Falkenstein is an American economist and investor. His writing focuses on quantitative issues in finance viz., risk management, long/short equity investing, default modeling, etc.
Falkenstein received a doctorate in economics from Northwestern University and is currently a investment manager at Pine River Capital Management.
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In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.
—Eric Falkenstein