Legendary trader Peter Borish, president of the Computer Trading Corporation, joins Julia La Roche on episode 97. In this episode, Peter shares his macro outlook, and why we’re in the early stages of a longer term rising rate cycle. He also revisits his time working with Paul Tudor Jones at Tudor Investment Corp, the 1987 stock market crash and its aftermath, and some of the lessons and principles he’s learned over the years. 

Links: 

https://twitter.com/pborish

https://www.linkedin.com/in/peter-borish-bb54119/

00:00 Intro

0:43 Macro view 

2:30 This really isn’t the 70s 

4:55 More like post WWII 

7:14 Tax rate

8:42 Debt

11:38 Implications of higher rates

13:50 We’ll see wages go up more

14:53 S&P likely to move down from here 

16:10 Difference between cautious/bearish 

17:15 Concern is making policy mistakes 

18:30 More on the markets 

21:03 Risk management 

23:10 Learning from mistakes 

25:00 You have to trade your own personality 

27:30 Advice for young people 

29:50 1987 Crash 

35:00 Robin Hood Foundation

38:00 Assessment of New York City today 

40:30 Return to office 

42:00 Brady Commission 

44:40 Paul Tudor Jones 

48:30 Parting thoughts