This week, we discuss the possible effects of recent bans on short selling, Howard Mark’s latest memo on the recent rally in asset prices, the Wirecard debacle of losing $1.9billion, Tesla’s ascension to having the largest market cap of all car manufacturers in the world, the benefits of Trend Following in a diversified portfolio, the power of non-correlated strategies combined, and the secret sauce of Trend Following. Questions we answer include: How do Central Bank policies affect Trend Following strategies? Are some markets more prone to trends than others?
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0:00 - Intro
1:40 - Howard Marks memo on the recent rally in asset prices (The Anatomy of A Rally)
3:41 - Weekly review of returns
7:31 - The banning of short-selling
13:49 - Tesla trading above $1000 for the 1st time
19:43 - Question One; Thomas: How do central bank policies affect Trend Following?
36:45 - Question Two; Stratesdown: How many strategies should I run on each market?
47:21 - Question Three; Brian: Are some markets more prone to trends than others?
51:35 - Announcement of new Top Traders Unplugged mini-series
53:11 - Performance recap