Podcast
49 The Systematic Investor Series – August 19th, 2019
Today, we discuss the potential dangers of taking time away from the markets, the importance of Investor behaviour over the ability to analyse data, Morgan Housel’s article on the universal Laws of Investing, the differences between Buy-and-Hold, periodically re-balancing your portfolio, versus a more active Trend Following approach, as well as the art of profiting…
48 The Systematic Investor Series – August 11th, 2019
This week, we discuss the current state of the Bond market, how the larger, commercial institutions affect overall CTA Trend Following performance, how to deal with the fluctuations in currencies when performing backtests, and we also give our thoughts on various Trading exit strategies. Questions answered this week include: does the majority of CTAs get…
47 The Systematic Investor Series – August 6th, 2019
This week, we discuss the importance of avoiding any emotional attachments to your positions, how correlated markets can affect your portfolio, how to decide which trades to execute when your signals outweigh the amount of equity available to trade, and we also give our thoughts on Margin-to-Equity related to Position Sizing. Questions answered this week…
Best of TTU – Behavioral Finance and & Crisis Alpha
When it comes to Behavioural Finance, a few people stand out in terms of their contribution to helping us all understand why and how it works. The intersection between Human Behaviour and Quantitative Investing can be difficult to understand for even the most sophisticated investors. Today, I want to share some really important insights from one…
46 The Systematic Investor Series – July 29th, 2019
This week, we discuss whether commodities are more risky to trade than equities, if a stocks-only Trend Following strategy can be profitable in the long run, if a deep drawdown is worse than a long drawdown, and the importance of over-estimating any possible drawdowns implied by a backtest. Questions answered include: should all Trend Following…
Best of TTU – Un-Learning & The Legacy of AHL
It has been said that: ‘The biggest room of all, is the room for improvement’, and one thing that is clear to see in the amazing careers of today’s guests, is the continued hunger for learning in the quest for an improved investment process. This has led to an unprecedented success for this trio. Today, I…
45 The Systematic Investor Series – July 21st, 2019
In this week’s episode, we discuss Ray Dalio’s recent article on Paradigm Shifts and his comments on the safety of Gold. We also touch on the perils of having too many filters that keep you from entering a trade, why you should avoid ‘sure thing’ trade recommendations from others, the importance of having a plan before…
Best of TTU – The Importance of Asset Allocation & Patience
In 1987, 3 scientists, 1 from Cambridge and 2 from Oxford, were brought together by their shared passion for the markets and for computers. Little did they know, that over the next 3 decades, this passion would lead them to build 3 world-leading multi-billion dollar Systematic Investment businesses. Today, I would like to share another…
44 The Systematic Investor Series – July 15th, 2019
On this week’s episode, we discuss the resurgence of ‘boutique’ funds, the new Austrian bond which promises a yield of 1.2% over 98 years, why having new markets to Trade can be good thing, and the differences between Volatility Targeting, versus adjusting overall risk exposure according to market conditions. Questions answered this week include, should…
Best of TTU – Reminiscences of 3 Trend Followers
One of the great Investment books of all time is Reminiscences of a Stock Operator, which is the fictionalized biography of perhaps the most famous Financial Speculator of all time: Jesse Livermore. There is no doubt that even today, 100 years later, we can all learn from of the experiences of successful Investors. In this…