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132 Systematic Investor Series ft Mark Rzepczynski – March 21st, 2021

Mark Rzepczynski joins us today to discuss Jerome Powell’s recent speech and how central banks can often confuse markets, the potential of Artificial Intelligence in systematic investing, whether or not holding government bonds is a good idea, the recent rise in interest rates and what it means for the stock market, the relationship between correlations and volatility, why policy makers should avoid trying to engineer future expectations, how recency-bias affects our decision making,  complexity versus complicatedness, robotic systematic investing versus human discretionary investing, how to tell the difference between a systematic and discretionary trader by looking at returns only, and why ‘low-cost’ funds can often end up being more expensive than normal.

You can find Mark’s latest writings here.

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Check out our Global Macro series here.

Learn more about the Trend Barometer here.

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And you can get a free copy of my latest book "The Many Flavors of Trend Following" here.

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Episode Summary

0:00 - Intro
3:14 - Macro recap from Niels
6:36 - Weekly review of returns
57:46 - Q1; Mike: How useful do you find capture ratios when analysing performance?
1:08:29 - Q2; Andy: What do you think about utilising a CTA or Trend Following ETF?
1:14:42 - Q3; Craig: Do you think CTAs are missing out by not trading small-cap crypto, and do you think they will eventually?
1:24:03 - Performance recap
1:25:25 - Recommended listening or reading this week: MacroVoices Podcast featuring Juliette Declercq

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