Mike Taylor, a seasoned portfolio manager at Simplify’s PINK healthcare ETF, brings a wealth of experience from top hedge funds like Citadel and Millennium. He discusses the importance of having 'skin in the game' and shares insights on high-conviction investments. Mike's unique take on international investing and macro trends provides valuable lessons for navigating global economic challenges. He also reflects on the complexities of market dynamics, equity analysis, and even shares a personal passion for cars, intertwining financial wisdom with his interests.
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Risk Management with Derivatives
Use risk reversals, derivative trades around your positions, to protect against unexpected events.
This strategy involves buying puts and selling calls to limit potential losses.
insights INSIGHT
Value Traps and Hedge Fund Failures
Many hedge fund managers fail by investing in cheap stocks that stay cheap for years.
These value traps are often held by other struggling managers, creating a dangerous situation.
insights INSIGHT
No Traditional Asset Allocation
Mike Taylor does not follow a traditional asset allocation model in his personal portfolio.
He actively seeks alpha through stock picking and event-driven strategies.
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In this episode of Excess Returns, we sit down with Mike Taylor, portfolio manager of Simplify's PINK healthcare ETF, for a fascinating discussion about how he mansges his personal portfolio. Drawing from his extensive experience at firms like Citadel and Millennium, Mike shares candid insights about what makes a successful investor and his portfolio construction process.
Key topics include:
Why having "skin in the game" matters when managing funds
The critical elements he looks for in high-conviction investments
His unique approach to international investing and macro trends
Valuable lessons learned from working at top hedge funds
His perspective on retirement and career longevity in finance
Thoughts on demographic challenges facing global markets
Mike brings both humor and deep expertise to this conversation, offering rare insights into how a veteran hedge fund manager thinks about markets, risk, and portfolio construction. Whether you're a professional investor or individual managing your own portfolio, this episode provides valuable perspectives on navigating today's complex market environment.
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