2min chapter

Market Depth cover image

Alfonso Peccatiello: Three Principles To Successful Investing

Market Depth

CHAPTER

The Macro Narrative Behind the Brazilian Rail Against the Dollar

One of my top hedge fund clients reached out to discuss the portfolio that he was running ahead of Q2 starting in April. His book could be summarized by something along these lines. It was long the Brazilian rail against the dollar, long basket of industrial commodities and short bonds. Well, when I looked at this book, I ran some analysis and I told him that he was basically running one trade and that's very dangerous.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode