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The Julia La Roche Show
#097 Peter Borish: My Concern Is More Than A Recession
Aug 22, 2023
Peter Borish, legendary trader and president of the Computer Trading Corporation, shares his macro outlook and lessons from the 1987 crash. He discusses the differences between the current economic situation and the 1970s, the importance of risk management in trading, and the impact of working from home on mentorship and connections. He also reflects on the Brady Commission, his admiration for Paul Tudor Jones, and the importance of emotional resilience in the trading business.
51:40
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Quick takeaways
- We are in the early stages of a rising interest rate cycle, and individuals should adjust their investment strategies to prepare for higher rates in the future.
- The current economic climate is fundamentally different from the inflationary period of the 1970s, as we are not experiencing widespread price increases despite a significant increase in monetary supply.
Deep dives
The Early Stages of a Rising Interest Rate Cycle
According to Peter Boros, we are currently in the early stages of a rising interest rate cycle. He explains that historically, the largest market moves occur at the end of such cycles. He believes that interest rates will continue to rise and that it is important for individuals to avoid anchoring to the recent past of low rates and instead prepare for higher rates in the future. Boros emphasizes the need for individuals to adjust their investment strategies and not assume that the recent conditions will persist.
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