In this episode, we’re joined by special guest, Jesse Felder, from The Felder Report & the SuperInvestor Podcast. Jesse describes his journey into the markets, if he uses Trend Following strategies in his portfolio, why he thinks we’re in a Bear Market, and in the middle of a major ‘topping process’, what he thinks about Passive Investing, his go-to timing tools, and if Value Investing can be applied to non-equity markets such as Gold. We also ask Jesse: does he use the VIX index for hedging? What is a normal day is like for him? Jesse tells us why he considers Trend Following a good forecasting tool, gives us his thoughts on predicting versus reacting to price moves, and also lets us know what he’s currently reading.
You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com
Get a free copy of my latest book "The Many Flavors of Trend Following" here.
Send your questions to firstname.lastname@example.org
And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast.
0:00 - Intro
1:50 - Weekly review
5:20 - Jesse reviews his background/influences
8:00 - Jesse describes his process
12:45 - Question from Francois: Would Jesse discuss his view we’re in/entering a bear market?
19:30 - Jerry asks Jesse’s opinion on passive indexing
25:40 - Niels asks how float reduction impacts passive investing
28:00 - Jerry asks if ZIRP impacts valuation-based investing
30:10 - Niels asks Jesse how a transition to an inflationary environment will impact investing
34:40 - Moritz asks if/how Jesse applies the value approach to all asset classes
36:50 - Moritz asks if Jesse trades the VIX or otherwise hedges tails
Book reference: The Tao of Capital by Spitznagel
40:10 - Jerry asks Jesse’s thoughts on TF as a tool benefitting diversification
42:00 - Jerry asks Jesse’s opinion on the market not broadly recognizing the evidence supporting Trend Following
47:20 - Jerry/Jesse/Niels discuss forecasting and TF
50:00 - Question from George: Why is knowing what’s happening fundamentally better than just responding to price (i.e. trend following)?
56:20 - Niels asks Jesse’s view on Tesla
1:00:20 - Moritz asks how Jesse spends a typical day
1:01:30 - Niels asks what Jesse is reading now
1:03:20 - Moritz asks about Jesse’s interests/hobbies
1:04:40 - Niels asks about following Buffett/Munger and shifts in markets today
1:08:45 - Niels asks if Jesse applies analog analysis to markets
1:11:50 - Niels asks Jesse’s recommendations on things to read/listen to to learn about investing
1:14:00 - Performance recap