703 episodes

Step into the fascinating realm of finance and investing with Niels Kaastrup-Larsen and an amazing line-up of co-hosts as your guide. Each week, we engage in captivating conversations with renowned investors, esteemed economists, skilled traders, and visionary thought leaders. Discover the wisdom derived from their journeys, embracing their triumphs and learning from their setbacks. At TTU, we strive to ignite your independent thinking, encouraging you to chart your own path to financial success. Tune in to stay informed and inspired on the ever-evolving landscape of finance and investing. Stay up-to-date with our latest episodes and blogposts at https://toptradersunplugged.com

Top Traders Unplugged Niels Kaastrup-Larsen

    • Business
    • 4.8 • 504 Ratings

Step into the fascinating realm of finance and investing with Niels Kaastrup-Larsen and an amazing line-up of co-hosts as your guide. Each week, we engage in captivating conversations with renowned investors, esteemed economists, skilled traders, and visionary thought leaders. Discover the wisdom derived from their journeys, embracing their triumphs and learning from their setbacks. At TTU, we strive to ignite your independent thinking, encouraging you to chart your own path to financial success. Tune in to stay informed and inspired on the ever-evolving landscape of finance and investing. Stay up-to-date with our latest episodes and blogposts at https://toptradersunplugged.com

    SI287: No Pain, No Gain ft. Katy Kaminski

    SI287: No Pain, No Gain ft. Katy Kaminski

    Today, we welcome Katy Kaminiski back to the show as we reflect on her entry into the trend following space and what she has learned on her systematic journey. We also discuss different ways of allocating risk in portfolio construction and why Katy “loves skewness”, why preparing for pain can actually lead to better decisions as an investor and how changes in the global macro environment takes time to manifest in trends. Lastly, we discuss what we are both excited and nervous for in 2024.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    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 “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer 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 iTunes or Spotify so more people can discover the podcast.
    Follow Katy on LinkedIn.
    Episode TimeStamps:
    00:50 - What has been on our radar recently?
    03:03 - When are trends coming to an end?
    06:24 - Industry performance update
    07:31 - How did Katy end up in the trend following industry?
    11:19 - What attracted her to the industry?
    12:40 - What Katy has learned from being an allocator
    15:44 - Risk variations in portfolio construction
    20:21 - What drives the biggest dispersion?
    21:54 - Understanding risk in your portfolio
    24:05 - Constant vol targeting - just a phase?
    25:25 - The importance of skewness
    31:06 - Mind the timeframe
    34:57 - Preparing for pain ahead of time (MAN Paper)
    38:15 - No pain, no gain...
    43:28 - Economic trend (AQR Paper)
    47:33 - Dealing with a world in disruption
    50:48 - Excitement and worries about...

    • 59 min
    GM58: Electric Dreams and Commodity Market Realities ft. Tor Svelland

    GM58: Electric Dreams and Commodity Market Realities ft. Tor Svelland

    Tor Svelland, of Svelland Capital, joins Alan Dunne in this episode to discuss the global macro forces driving global commodity markets. They discuss how the commodity markets have evolved over the years, as banks have scaled back trading and quant firms and CTAs have become more prominent players. Tor outlines the key reasons he believes commodity markets are in the midst of a super cycle, identifies where he sees the strongest opportunities and discusses what the commodity markets are currently suggesting about the state of global demand. They discuss how the global energy transition, de-globalization and nearshoring, rising geopolitical risk and increased defence spending will impact markets. They also delve into the periodic mis-pricings Tor sees between equities, particularly technology stocks, and commodities given their rising electricity demand.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    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 “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer 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 iTunes or Spotify so more people can discover the podcast.
    Follow Alan on Twitter.
    Follow Tor on LinkedIn.
    Episode TimeStamps:
    02:26 - Introduction to Tor Svelland
    06:18 - How have commodity markets evolved?
    09:19 - More opportunities in commodity markets?
    11:32 - Why Tor started his own firm
    14:15 - Tor's outlook for the commodity markets
    17:10 - What has driven the flat trend in the major industrial markets?
    20:09 - Are we in a super cycle?
    22:55 - Translating trends into trades
    24:47 - Which markets will benefit from the energy...

    • 1 hr 1 min
    SI286: Profiting from Different Investment Regimes? ft. Rob Carver

    SI286: Profiting from Different Investment Regimes? ft. Rob Carver

    This week, Rob Carver joins us to uncover his process of choosing which instruments to trade and how to manage the volatility of these. We also discuss how time frames affect position sizing and the ability to get reasonable exposure to a market as well as how you manage your expenses as a full time systematic trader. We round off our conversation with a deep dive into the latest paper from Man Institute to find out if different regimes exist in reality or just in hindsight. The paper uncovers if investors can reliably profit from correctly identifying them and if so, how? And how various types of investing have performed through different regimes, including Trend Following.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    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 “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer 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 iTunes or Spotify so more people can discover the podcast.
    Follow Rob on Twitter.
    Episode TimeStamps:
    02:26 - What has been on our radar recently?
    06:31 - Industry performance update
    13:41 - Q1.0, Matthijs: Assuming that the trading costs are not a problem for some low-vol instrument, then how can we decide whether/how to still safely include the instrument in our portfolio?
    23:50 - Q1.1 Matthijs: How do we distinguish between benign naturally low-vol instruments and disasters waiting to happen due to artificially dampened volatility?
    26:18 - Q2, Ben: If I can trade markets like sugar or OJ on 20-day breakouts, is it reasonable to do so or is that quote-unquote too fast?
    32:08 - Q3, Emil: As a full time systematic trader, how do you manage your expenses, with up and down months/years?
    43:09 - Discussing latest Man Institute paper on regime based investing
    50:37 - A win for trend...

    • 1 hr 11 min
    IL24: Our Chance to Build a Sustainable Future ft. Hannah Ritchie

    IL24: Our Chance to Build a Sustainable Future ft. Hannah Ritchie

    In this episode we talk to Dr. Hannah Ritchie, Deputy Editor and Lead Researcher at Our World In Data and author of the Not The End of the World, How We Can Be The First Generation to Build a Sustainable Planet. Dr. Ritchie talks about her personal journey from a climate pessimist ready to switch careers to a data scientist explaining why the world can transition to a sustainable future. We discuss how China and India are becoming greener at a much faster rate than western countries did as they developed. We also talk about why electrification is so important and the role for nuclear and gas power in that process. She explains why food systems play an important role in emissions and the surprising list of individual actions that help - and also hurt - the environment. 
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    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 “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer 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 iTunes or Spotify so more people can discover the podcast.
    Follow Kevin on SubStack & read his Book.
    Follow Hannah on LinkedIn and Read her Book.
    Episode TimeStamps:
    02:22 - Introduction to Hannah Ritchie
    09:17 - How does Hannah describe herself and her work?
    10:56 - How has global CO2 emission developed?
    16:01 - How is China managing their intermittency problem?
    19:10 - How does nuclear play a role for our future?
    21:53

    • 58 min
    SI285: Elections Ahead & What this Mean for Investors ft. Cem Karsan

    SI285: Elections Ahead & What this Mean for Investors ft. Cem Karsan

    Today, Cem Karsan joins us to discuss a wide range or really important topics. Inspired by questions from listeners we discuss how the balance in asset performance is shifting and how 0DTE impact markets. We also discuss how 2024 will contain more inportant elections than any other year in recent history and how we foresee the U.S. election will play out, the state of flows and the rise of a new meme stock. Lastly, we discuss whether the U.S. is beginning to loose the exorbitant privilege due to their huge debt and the potential power shifts that can happen in the nearby future.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    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 “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer 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 iTunes or Spotify so more people can discover the podcast.
    Follow Cem on Twitter.
    Episode TimeStamps:
    01:06 - What has been on our radar recently?
    05:13 - Industry performance update
    08:01 - Q1, Rick: Is positioning in tech under or over weighted?
    11:23 - How 0DTE impact markets
    18:08 - Is the VIX broken?
    24:03 - 2024 - The year of elections
    30:19 - Republicans or democrats - does it even matter to the markets?
    32:09 - The return of the Kennedy's
    39:15 - What is going on with flows?
    47:55 - The rise of meme stocks
    52:41 - How the U.S. debt will impact the dollar
    59:59 - A wild ride for Japan
    01:05:54 - Thanks for listening
    Copyright © 2023 – 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...

    • 1 hr 7 min
    ALO21: How to Run a Multi-Billion Dollar Sovereign Fund ft. Peter Madsen

    ALO21: How to Run a Multi-Billion Dollar Sovereign Fund ft. Peter Madsen

    Peter Madsen, CIO of SITFO, joins Alan Dunne in this episode to discuss how the $3.5bn State of Utah Sovereign Fund runs its investment portfolio. They discuss the rationale for Peter’s investment philosophy of having a diversified portfolio of growth assets, real assets, income generating assets and defensive strategies in contrast to the equity-centred portfolios of many endowments. Peter discusses the key risk considerations in managing the portfolio and how the team think about formulating return expectations. They discuss the opportunities in private markets and the potential risks in private credit in particular. A key element of the portfolio is the allocation to Systematic Convexity which includes Trend Following and Global Macro strategies and Peter discusses his journey investing in CTAs and some of the challenges and pitfalls of selecting managers.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    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 “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer 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 iTunes or Spotify so more people can discover the podcast.
    Follow Alan on Twitter.
    Follow Peter on LinkedIn.
    Episode TimeStamps:
    02:56 - Introduction to Peter Madsen and his firm
    06:54 - How is their portfolio charactarized?
    09:16 - Their investment philosophy
    14:33 - A skepticism about equities?
    17:04 - How do the macro environment influence them?
    21:23 - What is reasonable return expectation for equities?
    25:19 - Splitting between public and private markets
    28:20 - Where lies the most risk?
    30:25 - Opportunities in the private credit space
    33:21 -...

    • 1 hr 5 min

Customer Reviews

4.8 out of 5
504 Ratings

504 Ratings

Ceejay424 ,

Listen up and find your edge

From theory to practice TTU leaves no stone unturned. Niels and guests educate listeners with expertise and thoughtful analysis. A remarkable podcast.

stoicFlow ,

Top Traders unplugged is excellent.

Easily one of the most thoughtful and thought provoking finance podcasts I have encountered.

Rdlc87 ,

Neil is great, but Cem is Gold

Shout out to you guys for sharing your knowledge and intellect with us.

Thanks!

Top Podcasts In Business

The Ramsey Show
Ramsey Network
Money Rehab with Nicole Lapin
Money News Network
NerdWallet's Smart Money Podcast
NerdWallet Personal Finance
The Diary Of A CEO with Steven Bartlett
DOAC
Planet Money
NPR
The Money Mondays
Dan Fleyshman

You Might Also Like

The Market Huddle
Patrick Ceresna & Kevin Muir
Forward Guidance
Blockworks
Macro Voices
Hedge Fund Manager Erik Townsend
The Meb Faber Show
Meb Faber
Macro Hive Conversations With Bilal Hafeez
Bilal Hafeez
The Macro Trading Floor
Alfonso Peccatiello & Brent Donnelly