TTU43: The Case For Currencies As An Asset Class ft. Mark Whitmore of Whitmore Capital Management – 1of2
Top Traders Unplugged
The Optimism of a Trading Program
The program was designed basically to capitalize on what I think is sort of the certainty factor that comes with fundamental analysis over time. That's why in picking the particular variables to look at it is very much a strategy that I try to use like with a three to ten year window essentially I want clarity.
Our next guest started his firm back in 2012, and we’re talking to him at a special moment in the company’s evolution as it starts to gain outside capital and make its mark in the industry. Listen in to gain insights into how a manager started his firm in the current environment, the inside view on currencies as an asset class, and much more.
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In This Episode, You’ll Learn:
- How Mark was interested in finance from a very early age and learned from his adoptive parents.
- About his time studying macroeconomics in college.
- The story of his career and how it took a windy series of turns before heading into the financial market.
- His time studying currencies when he was in law school and his time as lawyer.
- How he started getting into the financial markets by investing in stocks in the late 90s.
- How he quit his job as a lawyer and planned to go into the financial services sector.
- His ventures into the currency markets and why he considered them in the first place.
- How he started by managing his own money.
- What he sees in currencies as an asset class and how he describes that to investors.
- How the currency market has changed throughout the years.
- How he decided to launch his business in 2012 and how he got organized to take outside capital.
- How he built the organization and his business.
- What kind of organization he would like to grow into in the future.
- Why culture in a small company is a very important issue.
- How he looks at track record, being such a young company.
- How he created the models he uses for his strategy.
- The example of the Euro and what Mark predicts for the currency in 5 years.
- His thoughts on the Swiss Franc and the historical context of its value.
- The Singapore Dollar and how it is likened to the Swiss Franc.
- How many currencies he trades.
- How he thinks about diversification.
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Resources & Links Mentioned in this Episode:
- Mark mentions the book A Random Walk Down Wall Street in this episode.
- Mark has authored many white papers on currencies, including:
- Currency Investing: An Alpha-Rich Environment
- How to Invest When Both Stocks and Bonds are Overpriced
- The Case for Currencies as an Asset Class Becomes Stronger
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