Trend Following | Hedge Funds | Global Macro | Geo-Politics | Commodities | Quant Investing | Crypto | Volatility
Together with Nick Baltas, we're diving deep into systematic investing to discuss why strategies like trend following is a hidden gem in the current (crazy) economic and geo-political landscape. We touch on recent trends, the implications of AI in investing, and how these dynamics can impact our portfolios. We also discuss the costs of rebalancing and the potential pitfalls when it comes to fixed-weight portfolios, how the trust in the financial system and economic data is starting to fade rapidly and much more. Stay tuned, there is a lot to unpack.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
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Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Nick on Twitter.
Episode TimeStamps:
01:40 - What has caught our attention recently?
05:26 - A mini crash in the crypto space
11:24 - Breath vs Size of Crypto Investors
14:24 - The US Fixed Income policy is changing
16:07 - Industry performance update
19:21 - Reviewing current trends in 2025
23:46 - How people react to trend following as a defensive strategy
28:51 - What are the most popular risk mitigation strategies?
30:53 - An alternative way of allocating away from bonds and into "safe" equities
38:13 - The trust in the system is fading...rapidly
46:53 - Why price might be more accurate when using trend following
49:42 - The unintended impact of rebalancing
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Mark Haefele, CIO of Global Wealth Management at UBS, shares valuable insights on the evolving landscape of investing amidst unprecedented government intervention in the economy. He emphasizes that understanding the role of government spending and its impact on market dynamics is crucial for today's investors. The conversation explores the distinction between managing wealth and managing investments, highlighting the importance of adopting a mindset of abundance rather than scarcity. Haefele also explains the significance of long-term structural trends, such as demographics and digitalization, which shape investment decisions. Throughout the discussion, he offers practical advice for navigating the complexities of investing in a world where macroeconomic factors increasingly influence outcomes.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Follow Mark on LinkedIn.
Episode TimeStamps:
02:30 - Introduction to Mark Haefele
05:13 - Behind the scenes of Haefele's job
06:46 - The key takeaways from Haefele's book
09:01 - The difference between managing your wealth and managing your investment
11:16 - How has the investing world changed over the years?
14:50 - Is now a culmination of previous crises?
16:58 - The 5 structural trends of the global economy and how it relates to government spending
19:58 - How they apply the 5 structural trends in a broad sense
22:19 - The most important thing you can do for your portfolio
24:09 - Big problems are big money
25:08 - A historical perspective of the economy
27:43 - Are we moving into an era of greater economic intervention?
30:11 - Was Covid19 the beginning of a new era for inflation?
34:07 - Why private markets are crucial for your portfolio
37:39 - Tips to avoid investing on trends that are peaking
42:41 - Overcoming the behavioural challenges as an investor
47:04 - Half of the battle is mental
49:55 - Advice to become a great investor
52:16 - Understanding your relationship to money
54:31 - Practical ideas for investing with ESG
57:25 - Haefele's perspective on US international relationships
01:00:15 - Key advice for other investors
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Most investors focus on returns, but what about the shape of those returns? Today, Rich and I explore the often overlooked concept of convexity - a game-changing principle in trend following that helps us thrive in unpredictable markets. Inspired by insights from our recent guest, Dave Dredge, we break down why mastering convexity is key to cutting losses early, riding big winners, and staying ahead of market turbulence.
If you’re serious about protecting and growing your portfoli - while making smarter, more systematic decisions - this episode is a must-listen. Join us for a deep dive into the mechanics of risk, reward, and the powerful edge convexity can give your portfolio!
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Rich on Twitter.
Episode TimeStamps:
01:49 - What has caught our attention recently?
06:20 - Industry performance update
11:10 - Why does convexity matter for trend following?
36:13 - What do we actually mean by convexity?
42:04 - Sharpe world - the pitfalls of today's economy
52:30 - Why risk and volatility can feel like the same thing
56:08 - The core of trend following
58:22 - Why open trade equity makes no sense for managers
01:00:03 - The business of trend following
01:01:37 - The exponential potential of trend following
01:08:05 - The times have changed - why is trend following more important than ever?
01:11:22 - What is up for next week?
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Today, we explore the intricate dynamics of global trade and economics, highlighting the central thesis of Matt Klein's book, "Trade Wars or Class Wars." Klein argues that the common perception of trade as a zero-sum game is fundamentally flawed; instead, he emphasizes that positive-sum solutions exist, benefiting all parties involved. The conversation explores the impact of internal dynamics within countries, particularly focusing on how these dynamics affect international relations and economic outcomes. Additionally, we discuss the current state of the global economy, rising bond yields, and the potential consequences of immigration policies on labor markets and housing. We invite listeners to rethink traditional economic narratives and consider how collective actions can lead to improved outcomes for everyone.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Follow Matthew on Twitter.
Episode TimeStamps:
02:08 - Introduction to Matthew Klein
05:32 - Expanding the definition of trade
13:45 - The dynamic between growth and productivity
17:04 - The state of the German economy and how it could be improved
22:42 - Klein's perspective on the development of the bond markets
28:49 - Klein's outlook for inflation and interest rates
34:36 - Are we approaching a consumer credit crisis?
38:49 - Is there a productivity boom in sight?
42:25 - Will the deportation become a growth choker?
44:45 - Are we seeing a slow down in housing and rent?
50:10 - What could be done to save the dollar?
59:36 - Advice for other investors
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Today, we explore the complexities of current market dynamics, emphasizing the heightened levels of uncertainty stemming from recent regime changes. Mark Rzepczynski shares insights on how this uncertainty can influence investment behavior and market trends, highlighting the importance for investors to adapt their strategies in response to these shifts. The discussion touches on the implications of fluctuating correlations and volatility, particularly for systematic and trend-following strategies. We also explore how the intricate nature of financial markets as complex systems can lead to nonlinear reactions to shocks, making it crucial for traders to consider both measurable risks and the non-measurable uncertainties that can affect their models. The episode wraps up with reflections on the role of institutional arrangements and how they can impact market outcomes in a rapidly changing environment.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Follow Mark on Twitter.
Episode TimeStamps:
01:16 - A flurry of activities
04:05 - The state of VIX and how newspapers and media measure uncertainty
09:11 - How do trend followers take advantage of the uncertainty in markets?
12:50 - What are the components of the regime shift?
16:04 - The implications of the regime shift
17:57 - Industry performance update
19:21 - The state of bond markets from an uncertainty perspective
21:16 - Do indices differentiate between different kinds of uncertainty?
24:45 - How the Trump administration contributes to increased economic uncertainty
28:58 - Are we entering a new, golden age?
33:31 - Do other strategies need adjustment to adapt to the uncertainty?
37:31 - Anything is possible
44:01 - Mastering the balance between convergent and divergent strategies
51:51 - How the banking sector could become less stable the coming years
56:05 - Analyzing economic shocks using a complex systems framework
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Today, we take you into the complexities of the current financial landscape, emphasizing the crucial theme of positioning in an environment marked by rising interest rates and shifting market dynamics. We explore how recent structured product issuance is significantly impacting market structure, particularly in the U.S., where the volume of callable bonds and equity-linked products has surged. They highlight the risks associated with reliance on historical correlations, which may not hold in times of market stress, and the implications for investors navigating these turbulent waters. The conversation also touches on the potential for a significant monetary regime shift, akin to what was seen in the late '90s, driven by geopolitical tensions and domestic economic policies. You will gain valuable insights into how to recognize and adapt to these evolving risks, to become well prepared for the challenges ahead.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Cem on Twitter.
Follow David on LinkedIn.
Read David's report here.
Episode TimeStamps:
01:34 - A quick catch up since last conversation
02:13 - Dredge's key takeaways from 2024
08:58 - When did things really start to move for Dredge?
15:41 - Cem's analysis of the recent global macro environment
22:51 - What has driven the S&P volatility?
24:44 - Positioning is all that matters
29:31 - "Correlation is a bitch"
33:31 - Portfolio Manager in legal trouble for following an ESG strategy
37:57 - The difference between credit and vol investors
42:07 - The good outcome is a recession
45:36 - All the things that you are not worried about is driving your performance
48:49 - The state of interest rates and FX trading
57:24 - Is the Fed losing its grip on the economy?
01:03:46 - The outlook of markets - where are we heading?
01:09:18 - Risk is on your balance sheet, not in the future
01:16:14 - Dredge's perspective on structural products issuance
01:27:22 - The recession might come sooner than we think
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Today, we dive deep into the evolving landscape of investment strategies, emphasizing the critical need for diversification in portfolios. With a particular focus on the German economy's challenges, we highlight how geopolitical factors and shifting market dynamics are reshaping investment approaches. We explore the potential implications of rising bond yields and the importance of incorporating trend-following strategies to mitigate risks associated with traditional asset classes. We also touch on the necessity for investors to rethink their allocations to adapt to an uncertain future, moving beyond outdated correlations and assumptions. As we examine the perspectives of notable figures in finance, the episode serves as a timely reminder of the importance of strategic asset allocation in navigating today's complex market environment.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Alan on Twitter.
Episode TimeStamps:
00:55 - What has caught our attention recently?
02:41 - Why has the German economy changed so much?
10:20 - A world of unexpected political events
13:57 - How can there be a beta if managers are so different?
16:06 - The state of the global macro environment
25:10 - Industry performance update
28:10 - Are investors relying too much on past performance?
35:01 - Are we seeing signs of a catastrophic bubble?
40:14 - 2025 - a deja vu to 1995?
42:24 - Advice for constructing a robust trend following portfolio
54:49 - What do trend following portfolios have in common with race cars?
01:00:34 - Is ESG ruining portfolio performance?
01:03:01 - The fashion has changed
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Bill Gebhardt from 10Dynamics discusses the intriguing intersection of market efficiency and systematic trading strategies. He emphasizes the idea that while traditional views suggest markets are efficient, many hedge funds continue to find success using price-based strategies that should theoretically not work. This paradox leads to a fascinating exploration of the psychological aspects of trading, particularly how human behavior can create opportunities for systematic traders. Gebhardt shares insights on the operational complexities of running a nearly continuous trading process, utilizing intraday data, and employing a diverse range of signals. The conversation explores the risks of underfitting versus overfitting in trading models, ultimately advocating for a strategy that embraces empirical success without excessive optimization.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Moritz on Linkedin.
Follow Bill on X.
Episode TimeStamps:
02:17 - Introduction to Bill Gebhardt
06:35 - No pain, no gain
08:40 - Why are they called 10Dynamics?
10:08 - What is their philosophy behind how markets work?
12:24 - Are the signals that they run based on trend following?
13:47 - How they handle the operational complexity of their system
18:15 - How they assess the validity of their data
20:39 - Exploring the technical details behind the execution of their system
22:39 - How they approach trading times
25:07 - Combining short and long term trading
26:52 - How they avoid overfitting and underfitting
30:58 - How Gebhardt implements his experience from the energy space
33:54 - How many markets do they trade?
35:50 - Accessing the domestic futures markets
36:56 - Why are single name equities so special to 10Dynamics?
41:08 - How they approach VIX futures
43:39 - Their perspective on replication strategies
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Together with Cem Karsan we take the pulse of the evolving landscape investors are faced with amidst rising interest rates and market volatility. A key takeaway is the recognition of structural changes in bond markets, with the potential for significantly higher yields impacting investment strategies. We explore the implications of current geopolitical dynamics, including Trump's perhaps surprising approach to China, his expansionary agenda and how it may shape market expectations moving forward. We also address the challenges of navigating a world where traditional hedging strategies in markets like fixed income are becoming increasingly difficult. With insights into market sentiment and potential counter-trend rallies, this episode provides a thought-provoking look at the complexities facing investors right now.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Cem on Twitter.
Episode TimeStamps:
01:19 - What has caught our attention recently?
06:39 - Industry performance update
08:34 - Long term skew in vol markets is causing trouble
13:41 - Approaching OPEX - what is in sight?
21:28 - Does a strong S&P500 performance indicate an incoming crisis?
24:08 - Are we approaching a counter trend rally?
26:33 - It's getting hard to hedge
35:16 - Investors are long without realizing it
38:34 - We need a shadow Fed President
43:23 - We are in a leadership vacuum
47:58 - Early signs of improvement in China?
55:31 - Will Elon Musk change the narrative around China?
59:02 - What is up for next week?
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
William Green, author of the book "Richer, Wiser, Happier", returns to the podcast for an eye opening conversation centered around the complexities of investing and the importance of building a rich life beyond mere financial success. We explore the idea that true wealth encompasses autonomy, meaningful relationships, and personal growth, rather than just monetary accumulation. Throughout the discussion, William shares lessons learned from interviewing some of the greatest investors, emphasizing the significance of self-awareness and understanding one’s biases in decision-making. We also touch on the current landscape of investing, including the dominance of U.S. equities and the implications of artificial intelligence in the financial world. By weaving in personal anecdotes and stories, William illustrate how to navigate uncertainty and position oneself for long-term success while maintaining a focus on what truly matters in life.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow William on X and read his book.
Episode Timestamps:
01:42 - Catching up since our last conversation
07:22 - The importance of having connection and belonging along the path
13:51 - The power of friendships
20:21 - A key component to achieve success
22:20 - The pitfalls of becoming successful
26:47 - How psychology influences investment decisions and how to overcome biases
34:23 - Common biases among successful investors
41:10 - How we can broaden our perspective to include happiness in our perception of wealth
51:45 - Advice to become a healthy successful investor
56:58 - How to set yourself up to survive economic downturns
01:05:00 - How successful investors avoid being taken out of the game
01:11:15 - How successful investors use AI in their investment strategies
01:15:31 - How we can use storytelling to demystify complex financial topics
01:25:25 - Green's advice for other investors
01:31:53 - How different will the future actually be from the past?
01:38:57 - How do you identify ideas and lessons that really matters
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Together with Andrew Beer and Tom Wrobel, we dive deep into the evolving landscape of managed futures and CTAs, highlighting the critical need for a narrative shift to better communicate their value to investors. Andrew and Tom discuss the challenges faced by allocators in understanding the unique benefits of trend-following strategies, especially amidst a backdrop of changing market dynamics. They explore the implications of BlackRock's recent move to launch an actively managed manager ETF, which could significantly impact how managed futures are perceived and allocated within investment portfolios. The conversation also touches on the potential for new ESG-compliant products that could attract investors reluctant to engage with traditional commodity exposure. With insights into the current market environment and the importance of adaptability, this episode provides valuable perspectives for anyone interested in systematic investing and the future of CTAs.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
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Episode TimeStamps:
01:20 - Our expectations going into 2025
07:00 - What to do when bonds are collapsing
10:21 - Industry performance update
11:49 - A deep dive into indices
17:36 - The mechanisms behind creating an index
23:13 - What returns can you expect from a CTA replication index?
27:21 - What are the average fees in today's indices?
30:31 - The benefits of replication
34:04 - The drivers of replication strategies
40:50 - How CTA replicators handle inflection points
43:11 - What happens to an index if its underlying model changes
50:21 - Do trend followers in general make big changes to their models?
52:30 - How the AUM landscape has evolved
57:06 - Can you replicate a pod shop?
01:03:02 - Why many allocators are missing out on trend following
01:11:57 - What is going on with Blackrock?
01:15:29 - Big news from Andrew
01:21:05 - The challenges of complying with ESG metrics
01:23:58 - It's all about the narrative
01:26:48 - What is up for next week?
Copyright © 2024 – CMC AG – All Rights Reserved
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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here