TTU03 How To Get Predictable Returns ft. Mike Dever of Brandywine Asset Management – 1of2
Top Traders Unplugged
Introduction
The host introduces Mike Deaver, founder and CEO of Brandiwine Asset Management, and discusses his success and adaptability in the changing financial landscape. Part one of their conversation.
On today’s show I am talking to Mike Dever, the Founder and CEO of Brandywine Asset Management. Mike is a Divergent Thinking Systematic Investment Manager and Author of the best selling book “Jackass Investing”. Mike has been trading for almost 4 decades and shares a wealth of insight to how he has stayed successful and how his trading approach and research has stayed current in an ever changing financial landscape.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In This Episode, You’ll Learn:
- The Evolution of Mike’s Trading
- How Mike almost got in to business with Richard Donchian
- How they developed a systematic trading model in the 1980s
- How Mike met and invested with Paul Tudor Jones, John W. Henry and was the first outside investor in Transtrend
- How Mike went from being a discretionary trader to become fully systematic when launching the Benchmark Program, and Why
- About the experience of running the Brandywine Benchmark Program in in the ‘90s
- How Mike discovered the importance of Portfolio Allocation in the 1980s
- The Story of Developing the Predictive Diversification Portfolio Allocation Model
- The Entrepreneurial Storm that Kept Mike away from Trading and Brandywine for Years
- The story of developing the Brandywine Symphony Program
- How many people it takes to run a system with more than 1,000 strategy/market combinations
- Exploring the track record of Brandywine Symphony Program
- Why one should avoid making decisions based on single return drivers
- 5 Themes in Brandywine’s Asset Allocation Strategy: Fundamental, Sentiment, Event, Arbitrage and Alpha Hedge
- How Marginal Cost of Production Works as a Return Driver
- Are the strategies from the 1980’s just as effective today?
- What is directional arbitrage?
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Resources & Links Mentioned in this Episode:
- Jackass Investing by Mike Dever
- Learn about Richard Donchian the Grandfather of Trend Following
- Learn about Poul Tudor Jones of Robin Hood Foundation
- Learn about John W. Henry
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