Alan Dunne is joined today by Elizabeth Burton to discuss managing a public fund versus a private fund, the challenges to those invested in the traditional 60 / 40 portfolio, the current outlook for inflation, performing above expectations, how to re-position a portfolio for higher expected inflation, fixed income versus real assets, categorising asset classes effectively, the limits of mean variance optimisation, using historical perspectives as an input into current decision-making, difficulties in the manager selection process, and how to simplify complex ideas in order to communicate more efficiently. ---- In this episode, we discuss: The outlook for inflation Achieving high performance consistently How to re-allocate a portfolio accordingly Mean variance optimisation Whether this time is different Selecting the right manager Simplifying complexity for better understanding Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). Follow Elizabeth on https://www.linkedin.com/in/elizabethtburton/ (LinkedIn﻿﻿). ---- Episode TimeStamps: 00:00 - Intro 03:30 - Elizabeth’s background and history in the investment world 04:55 - Elizabeth’s perspective on today’s markets 06:52 - Managing a public fund versus a private fund 08:14 - Performing above expectations 09:38 - The current outlook for inflation 11:31 - How to re-position a portfolio for higher expected inflation 13:57 - Fixed income versus real assets 14:51 - Categorising asset classes effectively 19:56 - The limits of mean variance optimisation 21:59 - Using historical perspectives as an input into current decision-making 24:09 - Whether this time really is different 25:25 - Difficulties in the manager selection process 28:35 - Choosing between macro and systematic investors 30:08 - The pitfalls of investing with macro traders 32:40 - Investing in a manager who includes crypto in their portfolio 34:34 - Allocating between systematic and discretionary managers 36:45 - How to screen for a good money manager 40:44 - How to respond when a manager is underperforming 43:48 - Process over outcome 47:04 - Working with consultants 52:27 - Lessons from a leadership coach 57:00 - Simplifying complex ideas for better communication  01:00:28 -Advice for aspiring allocators Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend...

Top Traders Unplugged with Niels Kaastrup-Larsen | Engaging Conversations with the Top Traders & Investors

ALO03: Lessons from a $25 billion CIO ft. Elizabeth Burton

Mark Rzepczynski joins us today to discuss Trend Following versus Momentum strategies, the need to be humble about making economic forecasts, how Central Bank policies affect Trend Following performance, Cathie Wood and ARKK coming under pressure from the media, Trend Following on options, calculating a systems’ risk-to-stop, vetting new investors for their ability to handle risk, hard data versus stories, when to apply the ‘Moscow rules’. ---- In this episode, we discuss: How Trend Following differs to momentum Avoiding the need to make predictions The Federal Reserve and its effects on Trend Following strategies ARKK’s media scrutiny following recent poor performance The similarities between Trend Following and options How to calculate ‘risk-to-stop’ Qualifying new investors before accepting them as clients The “Moscow Rules" Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Mark on https://twitter.com/mrzepczynski (Twitter). ---- Episode TimeStamps: 00:00 – Intro 02:02  – Macro recap from Niels 04:39 – Weekly review of performance 23:00 – Q1 Zack: How should I calculate the risk-to-stop metric? 28:42 – Q2 Peregrine: Vetting new investors for their ability to handle risk  42:09 – Q3 Graham: Can you detail some of the definitions of a breakout? 47:24 – Trend Following versus Momentum 01:00:58 – Molecules of prices 01:08:31 – Data versus stories and when to apply the ‘Moscow Rules’ 01:15:00 – Benchmark performance update 01:15:52 – A big thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...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! https://www.toptradersunplugged.com/resources/market-trends/ (Click Here) 4. Other Resources that can help you And if you are hungry for more great resources from the trend following word...check out some...

SI180: Data Versus Stories & The "Moscow Rules" ft. Mark Rzepczynski

Alan Dunne is joined today by Sebastien Page to discuss how price shocks affect correlations, approaches to strategic asset allocation, how to position portfolios for the years ahead, the current outlook for equities their various sectors, investing in a rising interest rate environment, responding to unexpected regime shifts in the markets, defining and achieving utility maximisation, the merits and drawbacks of mean variance analysis, how to properly diversify a portfolio, the durability of treasury bonds, lessons from research on high performance individuals and teams, achieving a state of ‘flow’, and how to simplify complex financial topics. ---- In this episode, we discuss: Ever-changing market correlations Strategic asset allocation Responding to interest rate changes Achieving utility maximisation Mean variance analysis Portfolio diversification Treasury bonds High performance teams Simplifying complexity Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). Follow Sebastien on https://www.linkedin.com/in/sebastien-page/ (LinkedIn﻿﻿) ﻿& https://www.amazon.com/Beyond-Diversification-Every-Investor-Allocation/dp/1260474879 (read his book). ---- Episode TimeStamps: 00:00 - Intro 03:52 - Sebastien’s journey into the investment management industry 07:45 - How Sebastien’s book came about 09:39 - Current view on the markets 13:37 - How to position portfolios for the year ahead and beyond 18:41 - The current outlook for equities and the sectors within 19:43 - Investing in a rising interest rate environment 24:06 - Responding to unexpected regime shifts in the markets 27:04 - Approaches to strategic asset allocation 33:24 - Defining and achieving utility maximisation 37:48 - The merits and drawbacks of mean variance analysis 41:49 - Using scenario analysis 47:41 - Distributions during different market regimes 55:12 - How to properly diversify a portfolio 58:51 - The durability of treasury bonds 01:05:18 - Lessons from research on high performance individuals and teams 01:07:58 - Achieving a state of ‘flow’ 01:10:58 - Simplifying complex financial topics ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...as these tools are really good at describing the environment for...

ALO02: Properly Diversifying a $1.6Trillion Portfolio ft. Sebastien Page

Today, Alan Dunne joins me to discuss how the change of tone from central banks can affect markets globally, Trend Following in a rising interest rate environment, the case for and against including carry trades in a Trend Following portfolio, how managed futures Trend Following can help investors throughout ever-changing markets, the future of the traditional 60 / 40 portfolio, some takeaways from Alan’s conversation with Phil Huber on this week’s new Top Traders Unplugged Allocator Series, and why we might be entering a great period for Trend Following strategies. ---- In this episode, we discuss: How central bank signalling affects risk appetite around the world How Trend Following might perform in a rising interest rate environment Including carry trades in a Trend Following portfolio How managed futures can help investor throughout ever-changing markets The viability of the 60 /40 portfolio going forward Why a new golden era for Trend Following might be emerging Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). ---- Episode TimeStamps: 00:00 - Intro 01:16 - Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) and a big thank you to those who have left a 5-star rating or review on iTunes 02:36 - Macro recap from Niels 05:29 - Weekly review of returns 09:55 - How the change of https://www.archivecapital.ie/post/the-fed-tightening-cycle (tone from central banks affects the markets) 18:29 - Trend Following in rising interest rate environment 25:19 - Including carry trades in a Trend Following portfolio 36:12 - The future of the 60 / 40 portfolio 46:53 - Some takeaways from https://www.toptradersunplugged.com/podcast/1-allocator-series-adapting-to-market-cycles-ft-phil-huber-february-9th-2022/ (Alan’s conversation with Phil Huber on this week’s Allocator Series) 52:43 - Why we might be entering a great period for Trend Following 01:01:56 - Benchmark performance update A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click...

SI179: A New Golden Era for Trend Followers ft. Alan Dunne

Alan Dunne is joined today by Phil Huber, in the first of our new Allocator Series, to discuss the education gap that needs to be filled regarding efficient capital allocation, the typical clients and types of portfolios that Phil deals with, adjusting portfolios to accommodate for changing market cycles, defining ‘alternative investments’, the extent to which a portfolio should be actively managed, traditional versus alternative investments, the challenges of manager selection, cultivating a behavioural edge as an allocator, and how to manage difficult conversations with clients. ---- In this episode, we discuss: Better education around capital allocation Allocating capital throughout various market cycles How to define an ‘alternative investment’ How actively we should manage a portfolio Traditional versus alternative investments The difficulties in the manager selection process Being a great behavioural investor as an allocator Difficult conversations with clients Advice for aspiring capital allocators Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). Follow Phil on https://twitter.com/bpsandpieces (Twitter). ---- Episode TimeStamps: 00:00 - Intro 02:44 - How 2022 has been for allocators so far 03:13 - Phil Huber’s journey into investing 05:46 - Why Phil wrote a book on capital allocation 09:00 - The typical clients, and types of portfolios that Phil deals with 12:07 - The 60 / 40 portfolio and how it became so popular 18:49 - Adjusting portfolios to accommodate for changing market cycles 22:37 - Defining ‘alternative investments’ 30:27 - Choosing which strategies to invest in, and when to choose these strategies 37:45 - The extent to which a portfolio should be actively managed 39:36 - Traditional versus alternative investments 40:04 - The challenges of manager selection 49:51 - Cultivating a behavioural edge as an allocator 53:09 - The importance of courage 54:55 - Managing difficult conversations with clients 01:01:68 -Advice for aspiring asset allocators ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...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...

ALO01: Adapting to Market Cycles ft. Phil Huber

Jerry Parker joins us today to discuss the importance of hanging on to your outlier winners, value investing versus trend following, the optimum number of entry & signals per trade, the need to redefine ‘safe assets’, Jerry & Richard Brennans’ thoughts on Howard Marks’ remarks about Trend Following, risk parity within a Trend Following portfolio, the unpredictability of endogenous outliers, and deconstructing the old narrative that ‘Trend Following is dead’. ---- In this episode, we discuss: Letting winners run and cutting losses early Using 1 entry signal and 1 exit signal per trade versus multiple signals Redefining what are typically known as ‘safe assets’ Howard Marks’ opinion on following price Achieving effective risk parity within a portfolio How endogenous outliers are hard to predict Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Jerry on https://my.captivate.fm/@RJParkerJr09 (Twitter). ---- Episode TimeStamps: 00:00 – Intro 01:44 – Macro recap from Niels 05:24 – Weekly review of performance 11:51 – Jerry & Rich’s thoughts on Howard Mark’s opinion of Trend Following 24:46 – Why exit rules might be harder to create than entry rules 43:45 – Risk parity within a Trend Following portfolio 51:03 – The unpredictability of endogenous outliers 01:10:08 – The old narrative that ‘Trend Following is dead’ 01:13:54 – Benchmark performance update 01:15:01 A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...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! https://www.toptradersunplugged.com/resources/market-trends/ (Click Here) 4. Other Resources that can help you And if you are hungry for more great resources from the trend following word...check out some precious resources that I have found over the years to be really valuable....

SI178: Value Investing vs Trend Following ft. Jerry Parker

Hari Krishnan is joined today by Cem Karsan, to discuss feedback loops across different markets, the decision to manage outside money, how institutions make trading decisions, the global macro effects from COVID-19, the importance of dealer flows in the markets, the feedback loop between options and their underlying assets, and approaches to delta hedging. ---- In this episode, we discuss: How market behaviour is often intertwined Why Cem chose to manage outside capital The thinking behind institutional market moves How the global pandemic affected markets Dealer flows Feedback loops Delta hedging Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Cem on https://twitter.com/jam_croissant (Twitter). ---- Episode TimeStamps: 00:00 - Intro 02:17 - Cem’s background, and current work 19:18 - The decision to manage outside money 24:06 - The trades that institutions like to make 30:22 - Feedback loops within markets 34:17 - The dynamic between futures and options 51:15 - Using Econophysics to find hedging methods 53:40 - Building various volatility models and research using toy models 57:05 - Approaches to Delta hedging 01:00:11 -Changes to qualitative features of overnight indices 01:03:12 -Investment products on the VIX and effects on the S&P 500 01:10:09 -The feedback loop between inflation, deflation and central bank rate policies 01:20:01 -Whether or not there is an asymmetry between deflation and inflation risk ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...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! https://www.toptradersunplugged.com/resources/market-trends/ (Click Here) 4. Other Resources that can help you And if you are hungry for more great resources from the trend following word...check out some precious resources that I have found over the years to be really valuable. https://www.toptradersunplugged.com/resources/ (Click Here) Copyright © 2022 – CMC AG – All Rights Reserved https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy) Disclaimer: Nothing we discuss on the TTU Podcast should be...

VOL10: Why We All Need Volatility ft. Cem Karsan

Mark Rzepczynski joins us today to discuss how Federal Reserve policy affects the Trend Following environment, the benefits of scaling into and out of positions, Howard Marks’ opinion on the value of price, the factors that drive commodity prices, why typical inflation-hedges may not be as reliable as their reputation implies, how Trend Following is the perfect way to complete your portfolio, and the differences between a ‘trend chaser’ and a trend follower. ---- In this episode, we discuss: Central bank policies and their effects on Trend Following performance The benefits of having multiple entries and exits across different timeframes Howard Marks’ recent thoughts on trading price action only The status of the commodity markets Hedges against inflation Creating the perfect portfolio using Trend Following Trend Following versus ‘trend chasing’ Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Mark on https://twitter.com/mrzepczynski (Twitter). ---- Episode TimeStamps: 00:00 – Intro 02:05 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) 02:36 – Macro recap from Niels 06:22 – Weekly review of performance 15:10 – Q1; Zack : Has there been any research into how systematic investing improves ones performance over discretionary investing? 41:24 – Making predictions on commodities and inflation 50:27 – How Fed policy affects the Trend Following environment 01:04:18 – The re-emergence of longer-term terms 01:13:43 – Benchmark performance update A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...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!...

SI177: The Value of Price ft. Mark Rzepczynski

Hari Krishnan is joined today by David Orrell, to discuss the problems with using physics analogies on financial markets, the cause and effects of price impacts, David’s new book: ‘Money, Magic, and How to Dismantle a Financial Bomb’, the magical properties of money, how sentiment drives price although it is so unpredictable in nature, the similarities between weather forecasting and economics, the sustainability of money creation by central banks, and some thoughts on cognitive interference. In this episode, we discuss: How quantum physics relates to financial markets The mechanics behind price impacts David’s new book, coming out soon The magical characteristics of money The power and unpredictability of sentiment Weather and how it relates to financial markets Central bank money creation and how effective it can be Cognitive interference Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow David on https://twitter.com/d_orrell (Twitter). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:54 - Can you give us some conclusions from the research you’ve done on weather forecasting? 04:33 - Is the notion of the economic system as being something that’s mechanistic and can be controlled flawed, and if so, how? 07:12 - Do you look at different economic models and aggregate the data? 12:46 - Is there a way to limit the momentum effects of passive investing on the markets? 17:41 - Can you explain how quantum physics relates to financial markets? 23:15 - Can you give a couple of examples of cognitive interference? 28:00 - Regarding the biggest stocks in the S&P 500, is it true that if one stock is 10 times bigger than another stock, and it gets 10 times the dollar allocation, that the price impacts will be the same? 42:28 - Can you talk about your new book, and what the title means? 45:24 -Does Modern Monetary Theory relate to the quantum physics analogy of something being created from nothing? 52:30 - Do you believe that money creation by central banks is unsustainable? 57:28 - Would you say that your work implies that minor tweaks to the framework are inadequate when it comes to the economy and investing?

VOL09: The Magical Properties of Money ft. David Orrell

Richard Brennan joins us this week to discuss how to spot potential outlier trades before they occur, the power of simple trading rules over complexity, why endogenous events move markets 90% of the time and news events are behind only 10% of large market moves, how Trend Following models safely reduce risk exposure automatically as drawdowns increase, how to approach correlated markets in your portfolio, how to achieve diversification with limited capital, the Efficient Market Hypothesis versus Adaptive Market Hypothesis, and the differences between Trend Following and ‘Trend Trading’. ---- In this episode, we discuss: Spotting patterns among previous outliers Simplicity over complexity How little the news really moves markets Professional Trend Following versus 'Trend Trading' The ability of Trend Following models to automatically reduce open risk during drawdowns Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Rich on https://twitter.com/RichB118 (Twitter). ---- Episode TimeStamps: 00:00 – Intro 01:19 – A big thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share this link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) 02:41 – Macro recap from Niels 04:13 – Weekly review of performance 11:14  – Q1; Jonathan: What are the parameters that indicate a high chance of an outlier trade? 17:22  – Q2; James: Do you treat correlated markets as individual markets or group them together? 21:24  – Q3; Adam: One system has a better average performance when looking at the backtest, and another system has a worse average performance in its backtest while having a large outlier, making its overall returns higher. Which system is better? 24:14  – Q4; Irving: How can I trade a 100 markets as an individual investor with capital limitations? 29:07  – Q5; James: How do you approach correlation risk management?  32:39 – The differences between Trend Following and the more common term ‘Trend Trading’ 38:24 – Expanding on the theme of hunting for outliers, and how Jean Phillipe Bouchard’s research was useful in understanding the nature of outliers 01:01:53 – Efficient market hypothesis versus adaptive market hypothesis 01:22:03 – What importance does it have that we’re changing the narrative around Trend Following? 01:25:32 – Benchmark performance update A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear...

SI176: The Origin of Outliers ft. Richard Brennan

Hari Krishnan is joined today by Co-Founder & Chairman of Capital Fund Management (CFM) Jean-Philippe Bouchaud, to discuss how news drive price action, and some of the science behind the large price movements, how we should think about adapting to changing dynamics such as correlations, Jean-Philippe’s background in physics and journey into finance, the effectiveness of the Bloomberg terminal, using dimensional analysis for research purposes, the inelastic market hypothesis, differentiating yourself as a Trend Follower, and the connection between volatility strategies and high frequency data. In this episode, we discuss: The extent to which news drives price action How to look at ever-changing market dynamics, such as correlations Jean-Philippe's journey into finance The reliability of the Bloomberg terminal Dimensional analysis The inelastic market hypothesis Standing out in the Systematic Investor space Volatility strategies and if they have any connection to high-frequency data Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Jean-Philippe on https://www.linkedin.com/in/jean-philippe-bouchaud-bb08a15/ (LinkedIn). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:38 - What area of physics did you work in, and how did you come into finance? 05:04 - Can you elaborate the paper you worked on, where you where you investigated the endogeneity of large price moves? 15:24 - How timely do you consider the Bloomberg feed to be? Is it quick enough? 19:18 - How do we stitch together the two ideas of micro market data 28:20 - Do you the believe in the research that is carried out using dimensional analysis? 32:58 - Do you think that the inelastic market hypothesis was driven by flows into passive vehicles? 37:13 - Regarding the biggest stocks in the S&P 500, is it true that if one stock is 10 times bigger than another stock, and it gets 10 times the dollar allocation, that the price impacts will be the same? 40:13 - Can you tell us about your journey so far with CFM? 50:21 - Do you still do Trend Following, and if so, how do you do it different from a standard Trend Follower? 52:08 - If you kill the beta in a Trend Following program, do you lose the convexity? 52:38 - What’s the relation between volatility and higher-frequency momentum systems, in your view?

VOL08: Adaptation To Change ft. Jean-Philippe Bouchaud

Rob Carver joins us today to discuss the different ways that Trend Following is perceived by investors, the optimum amount of positions to trade at once, rating the riskiness of various investment strategies, Trend Following on the VIX, suitable risk amounts per market, what to do with the free cash in your futures account, if Trend Followers pyramid positions, trading CFDs and dealing with transaction costs, and the best lookback period when measuring correlations. ---- In this episode, we discuss: The perception of Trend Following among various types of investors How many positions to trade at once The ‘riskiness’ of various investment strategies Combining Trend Following and Volatility strategies Risk-per-futures contract How much cash to keep on the sidelines and what to do with it Pyramiding positions CFD trading and navigating commissions Measuring correlations effectively Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Rob on https://my.captivate.fm/@InvestingIdiocy (Twitter). ---- Episode TimeStamps: 00:00 - Intro 03:24 - A huge thank you to those who have left a rating or review on iTunes. Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) 04:47 - Macro recap from Niels 08:17 - Weekly review of returns 11:01 - How has your new approach been working out, Rob? 19:33 - Q1; John: How should I approach risk-per-contract? 27:41 - Q2; Patrick: What is your opinion on using a fixed percentage of free-cash balance? 34:30 - Q3; Frederick: How do professional Trend Followers pyramid into a position? 46:24 - Q4; Michael: Which full-size contract would you say is a ‘must-have’? 01:01:19 - Q5; Rene: When it comes to trading CFDs, how can I deal with changing transaction fee percentages? 01:09:55 - Q6; Michael: Do you have any advice for a 34-year old who wants to enter the managed futures industry? Has Rob ever considered starting his own fund? 01:15:52 - Q7; James: How far back should we look when measuring correlations? 01:23:27 - Benchmark performance update A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field....

SI175: A Winning Approach to Risk ft. Rob Carver

Hari Krishnan is joined today by Dave Dredge, to discuss how long-volatility strategies can improve on the traditional 60/40 portfolio, the concept of ‘participate and protect’, the importance of understanding why compounding is the ultimate goal, the ‘always good weather’ portfolio, trading Bitcoin volatility, being a ‘value buyer’ of volatility, mechanisms for taking profits, and how to size portfolio allocations properly. In this episode, we discuss: How to improve on the traditional 60/40 portfolio Dave’s concept of ‘participate and protect’ The importance of compounding Dave’s ‘always good weather’ portfolio Long-volatility Bitcoin strategies Value investing in the volatility space Methods for taking profits Sizing portfolio allocations Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Dave on https://www.linkedin.com/in/david-dredge-9493ba1b/ (LinkedIn). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:01 - How did you end up in the long-volatility sector? 04:55 - How options used to be considered as a redundant trading method 07:53 - Do you have any idea why the Bitcoin skew is so high and flat? 08:56 - What does it mean when you say you consider yourself a value-buyer of volatility? 10:15 - Do you have any notion how to mix the various positions you warehouse? 15:46 - How do you source good ideas, and has living in Singapore given you an edge for this? 27:12 - Can you talk about the Taliban’s use of the ‘Sandpile Theory’? 33:13 - Are there more opportunities for you globally now, then there used to be? 40:51 - What are your mechanisms for taking profits? 47:19 - What’s your view on paying for convexity in your positions? 51:13 - Do you engage in skew trades?  52:41 - How do you think about low-vol? 55:49 - How do you size allocations to your long-vol strategy? 01:01:49 - Closing thoughts from Dave?

VOL07: Participate & Protect ft. Dave Dredge

Today, Alan Dunne joins us to discuss what the future could look like without central bank liquidity being pumped into the markets, macro versus quantitative trading approaches, how to avoid crowded strategies, some post analysis of a trend following research paper, whether CTAs are being gamed by other participants, analysing the various methods of price trend measurements, what may have caused a more difficult trading environment for Trend Following strategies in the 2010s, and the economic factors that lead to great periods for Trend Following. ---- In this episode, we discuss: What markets could look like without Federal Reserve liquidity injections Macro versus quantitative approaches Avoiding crowded strategies What it was like to trade through 2018 How market participants may try to game Trend Followers Measuring the strength of price trends Reviewing the performance of Trend Following during the 2010s Which economic factors could drive strong Trend Following performance Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. Follow Alan on https://twitter.com/alanjdunne (Twitter). ---- Episode TimeStamps: 00:00 - Intro 00:58 - Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) and a big thank you to those who have left a 5-star rating or review on iTunes 02:34 - Macro recap from Niels 05:02 - Weekly review of returns 12:22 - Q1: Brett; How do you define a drawdown? 13:48 - Alan, what is your background and path to the CTA industry? 19:32 - Announcement of new Top Traders Unplugged ‘Allocator’ series  20:49 - What inspired you to write your highly-regarded paper on Trend Following? 01:04:08 - Benchmark performance update A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) Copyright © 2022 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 4 ways I can help you in your investment Journey: 1. My library of interviews with some of the world’s best traders One of my favorite things is to hear these amazing investors tell their stories as well as what they have learned through their journey. https://www.toptradersunplugged.com/ (Click Here) 2. eBooks that cover key topics that you need to know about In my eBooks, I put together some of the key findings from my conversations with my peers as well as other experts in their respective field. https://www.toptradersunplugged.com/resources/ebooks/ (Click Here) 3. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have each day published the Trend Barometer and Market Score...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general...

SI174: The Future of Trend Following ft. Alan Dunne

On today’s episode, Hari Krishnan is joined today by Benn Eifert, to discuss running a volatility fund, the benefits that Benn gets from using Twitter, how to effectively serve clients as a volatility trader, the drawbacks of hedging via ETFs, monitoring market flows, the popularity of short-dated options, implied volatility versus realised volatility, how correlations change over time, balancing family-life with managing a fund, and the new normalisation of working from home. In this episode, we discuss: A behind the scenes look at running a volatility fund How to use Twitter as an investor Bringing value to clients as a volatility trader Hedging via ETFs Market flows Options Implied volatility Finding a good work & life balance Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Benn on https://twitter.com/bennpeifert (Twitter). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:20 - How did you end up running a Volatility fund? 06:39 - Why did you join a Vol fund instead of a Global Macro fund? 09:30 - What do you gain from being on Twitter? 11:50 - Explain some of the methods behind how you serve your clients 16:19 - What are some of the weaknesses of hedging via ETF products? 19:44 - Do you find a lot of value in monitoring the flows into various markets? 23:34 - Why is it people are so eager to sell shorter-dated options? 26:17 - How do you counter the argument that it’s a good idea to write calls against short positions? 30:05 - What are some of the issues with looking at implied volatility versus realised volatility? 33:13 - What challenges do you face as a Volatility pro, when it comes to the extreme moves up and down? 37:37 - What do you do when you expect large volatility but the direction is unknown? 40:30 - How would you react if you knew that there was a huge amount of open interest, 5% down in the S&P, with a few weeks to go? 42:52 - Do you have any thoughts on the recent dislocation between the VIX and the S&P 500? 46:04 - What are the changes in dispersion dynamics and implied correlations that you’ve noticed over the years? 55:03 - Is it fair to say that if you’re long enough Volatility, and there’s a large enough systemic shock, then you’re going to make money? 56:48 - Do you have anything to say about the 10-year note futures options surface? Are there persistent distortions there? 59:25 - If you see a distortion in the skew, how do you approach it? 01:02:56 - Balancing family life and managing a fund 01:05:12 - The recent legitimisation of working from home

VOL06: Finding True Value in the World of Volatility ft. Benn Eifert

Conversations with the World’s Top CTAs, Trendfollowers & Hedge Fund Managers

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Top Traders Unplugged with Niels Kaastrup-Larsen | Engaging ...

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