

Top Traders Unplugged
Niels Kaastrup-Larsen
Discover the fascinating world of investing with Niels Kaastrup-Larsen and his remarkable co-hosts. Each week, we bring you compelling conversations with legendary investors, leading economists, masterful traders, and forward-thinking thought leaders. From Trend Following and Global Macro to Geo-Politics, Commodities, Quant Investing, Crypto, and Volatility, we uncover the strategies, stories, and lessons behind their success. Gain actionable insights from industry veterans as we celebrate their achievements and learn from their challenges. Stay ahead in the ever-evolving landscape of investing - tune in weekly and elevate your financial knowledge. For the latest episodes and expert insights, visit https://toptradersunplugged.com
Episodes
Mentioned books

Jan 20, 2023 • 1h 14min
TTU124: Trend Following with a Twist ft. Harold de Boer, Managing Director at Transtrend
Today, we are joined by Harold de Boer, Head of R&D and Managing Director at Transtrend, for a conversation on their unique approach to trend following. We discuss the investment philosophy at Transtrend and what makes them stand out against other investors, why markets trend and what history can teach us about trend following, how the war in Ukraine impacts markets and how Transtrend stays diversified. We also discuss why Transtrend has not deviated from trend and the importance of differentiating yourself, why de Boer believes computers have been become a disadvantage and why de Boer does not think trading more markets is always better. Lastly, we discuss Transtrend’s approach to pricing their work and why they think ESG’s have become a “strange thing”, what de Boer is most excited for in 2023 and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Learn more about TranstrendEpisode Timestamps:02:27 - Introduction to Transtrend03:47 - The investment philosophy17:55 - Being unconventional21:27 - Pure trend following vs. Trend following plus29:25 - What is the investment objective?32:53 - Developing and evaluating systems37:34 - Human + computer = better than computer?40:34 - Weaknesses of CTA replication strategies47:17 - Is trading more markets better?51:54 - Managing risk and liquidity concerns56:06 - Diversification strategies and fees01:00:37 - The challenges of ESGs01:05:43 - Taking the asset allocator perspective01:08:49 - Is equity exposure better?01:10:31 - What do you disagree with the most?01:11:08 - Expectations for 202301:12:12 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jan 18, 2023 • 1h 3min
GM32: Commodity Super Cycle in Full Force ft. Jeff Currie
In this episode, Cem and Niels are joined by Jeff Currie, Head of Commodities Research at Goldman Sachs, for a conversation on the shifts in global natural resources that we are witnessing right now. We discuss how the focus on de-carbonization has impacted the economy and why the low income group is actually the key driver of inflation, why Currie believes markets are set up for a recession in 2023 and how the war in Ukraine causes disruptions in energy infrastructure. We also discuss why OPEC has risen to power again and what drives the oil prices, why we might run out of metals in the near future, why boycotting Russian oil is a climate paradox and what might be the solution to the energy crisis, how the underinvestment in carbon creates a ripple effect in multiple other sectors, why Currie believes renewable energy might not be the right solution to the energy crisis, how to profit from the commodity super cycle and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Episode TimeStamps: 02:35 - Introduction to Jeff Currie04:18 - A new kind of inflation?08:41 - Policy and what drives inflation15:41 - The outlook for the demand side22:45 - Short term position and the commodity space28:11: - Disruptions in infrastructure31:17 - The rise of OPEC33:32 - Status on the strategic oil reserve34:20 - Volatility in oil39:45 - Are we running out of metal?44:12 - The situation with gas48:15 - What is the solution?50:12 - Problems with agriculture53:54 - Dealing with global warming59:44 - Profiting from the commodity super cycle01:01:54 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jan 16, 2023 • 1h 7min
TTU123: Trend Following Master Class ft. Russell Korgaonkar, CIO at Man AHL
In this first episode of the new mini series with the largest and most successful trend followers in the world, we are joined by Russell Korgaonkar, CIO at Man AHL, for a conversation on how Man AHL uses trend following in their trading strategy. We discuss the philosophy behind their work and why they believe trend following is a great strategy, as well as what makes Man AHL stand out to investors and how they make trend following more digestible while maintaining "crisis alpha". We also discuss Korgaonkar’s view on CTA replication and their process of improving their trend following system and models, why having a good execution system is important for enabling different sources of alpha and why they use dynamic position sizing to maximize their returns, how they overcome periods of drawdowns and how you price your work as a CTA, how much you should allocate to trend and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Learn more about Man AHLEpisode Timestamps:00:00 - Intro02:22 - Introduction to Man AHL03:45 - Their trading strategy06:18 - Why does trend following work?10:11 - A unique type of trend following?15:46 - A trade-off in the objectives19:14 - The effect of adding carry21:13 - Picking from the strategy menu?22:46 - Too much focus on Sharpe?24:33 - Replication - yay or nay?29:54 - Have the models become outdated?35:55 - The importance of execution39:06 - Dynamic vs static position sizing44:24 - Overcoming drawdowns48:42 - Discussion on capacity and fees52:18 - How to think about expected returns57:09 - Can you trend follow trend following?58:50 - Managing the cash01:00:21 - Disagreements in trend following01:02:03 - Questions to ask as an allocator01:03:49 - Expectations for 202301:05:51 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

18 snips
Jan 15, 2023 • 1h 7min
SI226: Trend Following - the Do's & the Dont's ft. Rob Carver
Today, Rob Carver returns to the show for the first weekly trend following conversation in 2023, where we discuss the unusual situation with the vol market and how to use stops and moving average crossovers when entering and exiting trades, what it takes to run a trend following portfolio in 2023 and why it is not for everyone, how Kurtosis and skew is used in managed futures, Rob's process of picking parameters and why using a mixture parameter speed is the most optimal approach. We also discuss the U.S. debt ceiling and why it can become a potential problem, speed in trend following and why you shouldn’t put all your eggs in one basket, how much math you need to work in the financial markets and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rob on Twitter.Episode TimeStamps: 02:18 - What happened since we last spoke?09:58 - Industry performance update12:49 - A1, Andrew: Use stop or wait for crossover?18:41 - Q2, Joseph: Is running your own trend following portfolio reasonable in 2023?22:58 - Q3, Bart: The importance of Kurtosis26:53 - Q4, Ross: How to pick parameters?41:22 - Defending optimization43:32 - The U.S Debt ceiling48:05 - The need for speed in trend following56:16 - Optimal trend following with transaction cost59:05 - How much Math is needed to be a Trend Follower?01:04:12 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jan 11, 2023 • 1h 3min
IL11: How China Derailed Its Peaceful Rise ft. Susan Shirk
Today, Susan Shirk, Professor and expert in the US/China relationship and Chinese politics, joins us for a conversation on China’s rise to power, based on her new book, “Overreach: How China Derailed Its Peaceful Rise”. We discuss Susan’s research process and what laid the foundation for the book, the evolution of the control regime in China and how China has been taking things too far, how corruption affects Chinese politics and how Xi Jinping’s attempt to purge the corruption has led to an over compliance and bandwagoning. We also discuss how China’s strict Covid19 policies has led to nationwide protests and major frustration in the population, how China derailed from its peaceful rise, how they may be able to get back on track and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Susan on Twitter & read her book.Episode TimeStamps: 00:00 - Intro03:31 - Introduction to Susan and her work08:07 - What is the 21st Century China Center?10:37 - Why did Susan write the book?16:27 - How did the overreach begin?24:58 - Purging a corrupt system31:36 - Examples of derailed politics37:25 - Dealing with Covid19 protests45:02 - From peaceful to totalitarian48:18 - Getting back to a peaceful rise55:34 - Fear of going to back to China?01:00:14 - Key takeaways from NielsCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Jan 7, 2023 • 37min
TTU122: New Amazing CTA & Managed Futures Series
Today, Niels and Alan introduces the new, upcoming mini series that will focus on trend following and managed futures on a broad scale and provide access to the brightest minds within our industry. We set the stage by discussing what kind of year 2022 turned out to be for CTAs and how the idea for the mini series emerged, what we expect and hope to achieve from our conversations with these top-tier managers and some of the exciting topics that we will bring up in the new mini series. We will also take a look into 2023 and discuss our expectations for the year and what we are most excited for in the mini series.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Episode Timestamps:00:00 - Intro01:52 - Setting the stage03:53 - The idea behind the miniseries07:48 - What we hope to achieve11:13 - What are our expectations?14:43 - The topics that we will discuss29:25 - When will they be published?30:34 - What are we most excited for?35:58 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

14 snips
Jan 4, 2023 • 1h 8min
ALO13: Building Resilient Portfolios with Alternatives ft. Dylan Grice
Today, we are joined by Dylan Grice, Co-Founder at Calderwood Capital, for a conversation on how he thinks about portfolio construction through focusing on alternative and niche investments. We discuss how Dylan and his team work and why they shy away from trying to predict the future, how they analyse the current economic situation and why he thinks what happens to inflation and interest rates the next few years is insignificant. We also discuss how they manage the risk of the strategies they are working with and how they build a solid return profile, approach manager selection, how you can avoid being seduced by managers through narratives and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Dylan on Twitter.Episode TimeStamps: 00:00 - Intro03:17 - Introduction to Dylan Grice08:37 - How does Calderwood Capital work?20:47 - Macro, micro or mixing both?25:54 - Signs of stress in the markets?32:37 - Grice’s perspective on inflation and interest rates36:19 - How do they construct their portfolios?43:32 - The art of managing risk48:45 - Building an all weather return profile54:28 - Assessing the managers01:01:26 - When things go wrong01:03:16 - Advice for people working in similar fields01:05:52 - Key takeaways from Niels Copyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Dec 30, 2022 • 1h 7min
SI225: 2023...Another Great Year for Trend Following? (TTU Group Part 2)
Today, the TopTradersUnplugged team get together for the second part of the year-end group conversation on trend following, leading up to the beginning of 2023. We discuss whether trading more markets is actually better for diversifying your portfolio and how to approach outliers, how fluctuations in interest rates affects volatility strategies and trend followers, both currently and historically. We also discuss whether artificial intelligence can be a viable tool for trading and whether liquidity is about to break, the outlook for 2023 and what the year might hold for trend followers and the economy, why you should expect the unexpected and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Cem on Twitter.Follow Mark on Twitter.Follow Rob on Twitter.Episode TimeStamps:00:00 - Intro01:19 - Diversification in trend following17:48 - The impact of fluctuating interest rates 30:58 - Using AI in trading41:46 - A discussion on liquidity53:54 - A glimpse into 202301:05:33 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Dec 24, 2022 • 1h 13min
SI224: 2022 the Perfect Year for Trend Followers? (TTU Group Part 1)
Today, the TopTradersUnplugged team get together for a group conversation on trend following and Volatility, leading up to the end of 2022. We discuss the possibility that the carry regime has ended and why 2022 was such a great year for trend following, why “the grind” has been so influential this year and why volatility strategies has been performing different than expected, and how CTAs performance compares to bonds. We also discuss how the volatility market is changing in the coming years and why you need to be active with your hedges, what the TTU team has learned from 2022 and why you have to be open to imagine the unimaginable, what the future might hold for the Crypto space and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Cem on Twitter.Follow Mark on Twitter.Follow Rob on Twitter.Episode TimeStamps:00:00 - Intro02:14 - Q1, Zach: Have we seen the end of the carry regime? And what are the indicators?14:16 - The perfect year for trend following?25:52 - The wrong kind of volatility?31:04 - Trend vs. Tail Hedge43:04 - What is happening with volatility? 50:38 - What did we learn from the year 2022?01:00:40 - The future of Crypto01:11:37 - Coming up next weekCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

15 snips
Dec 21, 2022 • 1h 20min
GM31: The Art of Volatility Investing ft. Dave Dredge
Today, Dave Dredge, CIO at Convex Strategies, returns for a conversation on volatility investing and why he believes the 60/40 portfolio is wrong. We discuss why big pension funds have been suffering major losses and what Dave means by living in a “Sharpe World”, self-organized criticality and how Central Banks have been handling inflation, the relationship between volatility and liquidity and importance of understanding the timeframe that you are trading within. We also discuss how Dave uses asymmetry to stay prepared for the future and the pointlessness of forecasting, how constructing an investment portfolio is like a football match and how Dave’s racing car analogy can help you become a better investor, cheap vs. expensive volatility and the importance of convexity, what the future might hold for volatility and much more.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Dave on LinkedIn.Episode TimeStamps: 00:00 - Intro03:00 - About Dave and his work06:04 - Are big pension funds failing?11:21 - A fragile world19:54 - How Dave thinks about liquidity25:20 - What does cheap actually mean?34:23 - What might be next for volatility41:43 - The next Korean ship builder?46:19 - Is forecasting pointless?51:00 - Improve your convexity = improve your life59:37 - What is cheap today?01:13:14 - Time for some outrageous predictions01:18:49 - Thanks for listeningCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer


