Wealthion - Be Financially Resilient Mastering Markets: Inside Hedge Fund Strategies Pros Use | Bob Elliot with Steven Feldman
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Nov 12, 2024 Bob Elliot, CEO of Unlimited Funds and former Bridgewater strategist, dives into hedge fund tactics for ordinary investors. He discusses the power of tax-efficient ETFs and the significance of intelligent stock selection. Bob emphasizes the shift from high-stakes betting to systematic, incremental edge thinking. He also highlights the use of AI in investment strategies and the importance of gold as a protective asset in volatile markets. Together with Steven Feldman, they explore how to manage risk and allocate capital effectively to enhance portfolio resilience.
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From Botany to Hedge Funds
- Bob Elliot shares how studying botany led him to view the economy through cause-effect relationships.
- He transitioned from public health interests to a passion for markets and macroeconomics at Bridgewater.
Incremental Edge Beats Big Bets
- Most systematic investment ideas are wrong 80-90% of the time.
- Success depends on identifying and betting consistently on small edges, like 55/45 odds.
Get Used to Being Wrong
- Embrace being wrong frequently in investment decisions.
- Consistency in small edge bets ultimately leads to long-term success.