#3 - Practice 2: Sideline Your Ego Like Kevin Muir

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Apr 5, 2024

Kevin Muir, markets scientist and mentor, discusses staying open to new ideas, systematic investing flows, and the impact of yield curve inversion. He shares must-read books for traders and the importance of adapting trading strategies based on market conditions. The conversation also touches on balancing professional success with personal fulfillment and lessons learned from misjudging tech stocks and regional banks.

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ANECDOTE

Trading As A Lifelong Game

Kevin Muir grew up around markets because his father was a brokerage research director and loved games from childhood.
He says markets are the best game and he'd do it for free, calling trading a privilege he enjoys deeply.

ADVICE

Prune Your Information Firehose

Ruthlessly prune information sources that don't help your investment process.
Remove chats and feeds that feed biases or long-term rabbit holes instead of improving trading decisions.

INSIGHT

Prove Ideas Wrong To Test Them

Staying open to new ideas means actively trying to disprove them to test their strength.
Muir used that method on MMT and found its macro framework useful for trading even if he rejects policy prescriptions.

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