This podcast episode delves into Wayne's evolution as a trader, from his early experiences at Carlin Financial to founding Logica Capital Advisers and adopting a long volatility trading approach. He shares insights on the complexities of long volatility strategies, the interplay between models and discretion, and the critical importance of trading with real capital. Additionally, Wayne discusses the influence of passive investing on market dynamics and imparts valuable advice for aspiring quants. Ultimately, his journey highlights the necessity of adaptability, patience, and continuous learning in the ever-evolving trading landscape.