Capital Allocators – Inside the Institutional Investment Industry Eric Peters – Trading and Evolution at One River (First Meeting, EP.18)
Apr 6, 2020
Eric Peters, Founder and CIO of One River Asset Management, shares his extensive trading journey that began in the Chicago pits. He reveals insights on the shocking fall of Peloton and stresses the importance of risk management in investing. Eric discusses the evolution of investment strategies in today’s volatile market and reflects on how his "Weekend Notes" enhance his engagement with the industry. Balancing work and family life, he emphasizes mentorship's life-changing power.
AI Snips
Chapters
Transcript
Episode notes
Early Trading
- Eric Peters' father worked on Wall Street, but seemed unhappy, discouraging him from following.
- However, after unproductive interviews in other fields, he observed a grain trader lose a large sum and became intrigued by markets.
Learning to trade
- Eric Peters started trading corn after moving to Chicago and buying a seat on the exchange.
- He learned by reading books, getting mentored, and experiencing market realities firsthand.
Hairy experience
- A prank by Eric Peters' roommate, involving a fictitious story about wheat market movements, taught him a valuable lesson about risk management.
- The experience highlighted the devastating emotional impact of potential financial ruin.