

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 31, 2022 • 1h 17min
SI177: The Value of Price ft. Mark Rzepczynski
Mark Rzepczynski joins us today to discuss how Federal Reserve policy affects the Trend Following environment, the benefits of scaling into and out of positions, Howard Marks’ opinion on the value of price, the factors that drive commodity prices, why typical inflation-hedges may not be as reliable as their reputation implies, how Trend Following is the perfect way to complete your portfolio, and the differences between a ‘trend chaser’ and a trend follower.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Central bank policies and their effects on Trend Following performanceThe benefits of having multiple entries and exits across different timeframesHoward Marks’ recent thoughts on trading price action onlyThe status of the commodity marketsHedges against inflationCreating the perfect portfolio using Trend FollowingTrend Following versus ‘trend chasing’-----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 Mark on Twitter.Episode TimeStamps:00:00 – Intro02:05 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen 02:36 – Macro recap from Niels06:22 – Weekly review of performance15:10 – Q1; Zack : Has there been any research into how systematic investing improves ones performance over discretionary investing?41:24 – Making predictions on commodities and inflation50:27 – How Fed policy affects the Trend Following environment01:04:18 – The re-emergence of longer-term terms01:13:43 – Benchmark performance updateCopyright © 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 26, 2022 • 1h 5min
VOL09: The Magical Properties of Money ft. David Orrell
Hari Krishnan is joined today by David Orrell, to discuss the problems with using physics analogies on financial markets, the cause and effects of price impacts, David’s new book: ‘Money, Magic, and How to Dismantle a Financial Bomb’, the magical properties of money, how sentiment drives price although it is so unpredictable in nature, the similarities between weather forecasting and economics, the sustainability of money creation by central banks, and some thoughts on cognitive interference.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How quantum physics relates to financial marketsThe mechanics behind price impactsDavid’s new book, coming out soonThe magical characteristics of moneyThe power and unpredictability of sentimentWeather and how it relates to financial marketsCentral bank money creation and how effective it can beCognitive interferenceFollow 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 Hari on Twitter.Follow David on Twitter.-----Episode TimeStamps: 00:00 - Intro02:54 - Can you give us some conclusions from the research you’ve done on weather forecasting?04:33 - Is the notion of the economic system as being something that’s mechanistic and can be controlled flawed, and if so, how?07:12 - Do you look at different economic models and aggregate the data?12:46 - Is there a way to limit the momentum effects of passive investing on the markets?17:41 - Can you explain how quantum physics relates to financial markets?23:15 - Can you give a couple of examples of cognitive interference?28:00 - Regarding the biggest stocks in the S&P 500, is it true that if one stock is 10 times bigger than another stock, and it gets 10 times the dollar allocation, that the price impacts will be the same?42:28 - Can you talk about your new book, and what the title means?45:24 -Does Modern Monetary Theory relate to the quantum physics analogy of something being created from nothing?52:30 - Do you believe that money creation by central banks is unsustainable?57:28 - Would you say that your work implies that minor tweaks to the framework are inadequate when it comes to the economy and investing?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

Jan 23, 2022 • 1h 29min
SI176: The Origin of Outliers ft. Richard Brennan
Richard Brennan joins us this week to discuss how to spot potential outlier trades before they occur, the power of simple trading rules over complexity, why endogenous events move markets 90% of the time and news events are behind only 10% of large market moves, how Trend Following models safely reduce risk exposure automatically as drawdowns increase, how to approach correlated markets in your portfolio, how to achieve diversification with limited capital, the Efficient Market Hypothesis versus Adaptive Market Hypothesis, and the differences between Trend Following and ‘Trend Trading’.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:Spotting patterns among previous outliersSimplicity over complexityHow little the news really moves marketsProfessional Trend Following versus 'Trend Trading'The ability of Trend Following models to automatically reduce open risk during drawdowns-----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 Rich on Twitter.Episode TimeStamps:00:00 – Intro01:19 – A big thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share this link with 3 of your like-minded friends: https://top-traders-unplugged.captivate.fm/listen 02:41 – Macro recap from Niels04:13 – Weekly review of performance11:14 – Q1; Jonathan: What are the parameters that indicate a high chance of an outlier trade?17:22 – Q2; James: Do you treat correlated markets as individual markets or group them together?21:24 – Q3; Adam: One system has a better average performance when looking at the backtest, and another system has a worse average performance in its backtest while having a large outlier, making its overall returns higher. Which system is better?24:14 – Q4; Irving: How can I trade a 100 markets as an individual investor with capital limitations?29:07 – Q5; James: How do you approach correlation risk management? 32:39 – The differences between Trend Following and the more common term ‘Trend Trading’38:24 – Expanding on the theme of hunting for outliers, and how Jean Phillipe Bouchard’s research was useful in understanding the nature of outliers01:01:53 – Efficient market hypothesis versus adaptive market hypothesis01:22:03 – What importance does it have that we’re changing the narrative around Trend Following?01:25:32 – Benchmark performance updateCopyright © 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 19, 2022 • 1h 2min
VOL08: Adaptation To Change ft. Jean-Philippe Bouchaud
Jean-Philippe Bouchaud, Co-Founder & Chairman of Capital Fund Management, discusses news as a driver of price action, adapting to changing market dynamics, his background in physics and journey into finance, the reliability of the Bloomberg terminal, using dimensional analysis for research, the inelastic market hypothesis, differentiating as a Trend Follower, and the connection between volatility strategies and high frequency data.

Jan 16, 2022 • 1h 26min
SI175: A Winning Approach to Risk ft. Rob Carver
Rob Carver joins us today to discuss the different ways that Trend Following is perceived by investors, the optimum amount of positions to trade at once, rating the riskiness of various investment strategies, Trend Following on the VIX, suitable risk amounts per market, what to do with the free cash in your futures account, if Trend Followers pyramid positions, trading CFDs and dealing with transaction costs, and the best lookback period when measuring correlations.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:The perception of Trend Following among various types of investorsHow many positions to trade at onceThe ‘riskiness’ of various investment strategiesCombining Trend Following and Volatility strategiesRisk-per-futures contractHow much cash to keep on the sidelines and what to do with itPyramiding positionsCFD trading and navigating commissionsMeasuring correlations effectively-----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: 00:00 - Intro03:24 - A huge thank you to those who have left a rating or review on iTunes. Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen 04:47 - Macro recap from Niels08:17 - Weekly review of returns11:01 - How has your new approach been working out, Rob?19:33 - Q1; John: How should I approach risk-per-contract?27:41 - Q2; Patrick: What is your opinion on using a fixed percentage of free-cash balance?34:30 - Q3; Frederick: How do professional Trend Followers pyramid into a position?46:24 - Q4; Michael: Which full-size contract would you say is a ‘must-have’?01:01:19 - Q5; Rene: When it comes to trading CFDs, how can I deal with changing transaction fee percentages?01:09:55 - Q6; Michael: Do you have any advice for a 34-year old who wants to enter the managed futures industry? Has Rob ever considered starting his own fund?01:15:52 - Q7; James: How far back should we look when measuring correlations?01:23:27 - Benchmark performance updateCopyright © 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 12, 2022 • 1h 7min
VOL07: Participate & Protect ft. Dave Dredge
Hari Krishnan is joined today by Dave Dredge, to discuss how long-volatility strategies can improve on the traditional 60/40 portfolio, the concept of ‘participate and protect’, the importance of understanding why compounding is the ultimate goal, the ‘always good weather’ portfolio, trading Bitcoin volatility, being a ‘value buyer’ of volatility, mechanisms for taking profits, and how to size portfolio allocations properly.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:How to improve on the traditional 60/40 portfolioDave’s concept of ‘participate and protect’The importance of compoundingDave’s ‘always good weather’ portfolioLong-volatility Bitcoin strategiesValue investing in the volatility spaceMethods for taking profitsSizing portfolio allocationsFollow 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 Hari on Twitter.Follow Dave on LinkedIn.-----Episode TimeStamps: 00:00 - Intro02:01 - How did you end up in the long-volatility sector?04:55 - How options used to be considered as a redundant trading method07:53 - Do you have any idea why the Bitcoin skew is so high and flat?08:56 - What does it mean when you say you consider yourself a value-buyer of volatility?10:15 - Do you have any notion how to mix the various positions you warehouse?15:46 - How do you source good ideas, and has living in Singapore given you an edge for this?27:12 - Can you talk about the Taliban’s use of the ‘Sandpile Theory’?33:13 - Are there more opportunities for you globally now, then there used to be?40:51 - What are your mechanisms for taking profits?47:19 - What’s your view on paying for convexity in your positions?51:13 - Do you engage in skew trades? 52:41 - How do you think about low-vol?55:49 - How do you size allocations to your long-vol strategy?01:01:49 - Closing thoughts from Dave?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

Jan 10, 2022 • 1h 7min
SI174: The Future of Trend Following ft. Alan Dunne
Today, Alan Dunne joins us to discuss what the future could look like without central bank liquidity being pumped into the markets, macro versus quantitative trading approaches, how to avoid crowded strategies, some post analysis of a trend following research paper, whether CTAs are being gamed by other participants, analysing the various methods of price trend measurements, what may have caused a more difficult trading environment for Trend Following strategies in the 2010s, and the economic factors that lead to great periods for Trend Following.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:What markets could look like without Federal Reserve liquidity injectionsMacro versus quantitative approachesAvoiding crowded strategiesWhat it was like to trade through 2018How market participants may try to game Trend FollowersMeasuring the strength of price trendsReviewing the performance of Trend Following during the 2010sWhich economic factors could drive strong Trend Following performance-----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 - Intro00:58 - Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen and a big thank you to those who have left a 5-star rating or review on iTunes02:34 - Macro recap from Niels05:02 - Weekly review of returns12:22 - Q1: Brett; How do you define a drawdown?13:48 - Alan, what is your background and path to the CTA industry?19:32 - Announcement of new Top Traders Unplugged ‘Allocator’ series 20:49 - What inspired you to write your highly-regarded paper on Trend Following?01:04:08 - Benchmark performance updateCopyright © 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

22 snips
Jan 5, 2022 • 1h 9min
VOL06: Finding True Value in the World of Volatility ft. Benn Eifert
On today’s episode, Hari Krishnan is joined today by Benn Eifert, to discuss running a volatility fund, the benefits that Benn gets from using Twitter, how to effectively serve clients as a volatility trader, the drawbacks of hedging via ETFs, monitoring market flows, the popularity of short-dated options, implied volatility versus realised volatility, how correlations change over time, balancing family-life with managing a fund, and the new normalisation of working from home.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:A behind the scenes look at running a volatility fundHow to use Twitter as an investorBringing value to clients as a volatility traderHedging via ETFsMarket flowsOptionsImplied volatilityFinding a good work & life balanceFollow 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 Hari on Twitter.Follow Benn on Twitter.-----Episode TimeStamps: 00:00 - Intro02:20 - How did you end up running a Volatility fund?06:39 - Why did you join a Vol fund instead of a Global Macro fund?09:30 - What do you gain from being on Twitter?11:50 - Explain some of the methods behind how you serve your clients16:19 - What are some of the weaknesses of hedging via ETF products?19:44 - Do you find a lot of value in monitoring the flows into various markets?23:34 - Why is it people are so eager to sell shorter-dated options?26:17 - How do you counter the argument that it’s a good idea to write calls against short positions?30:05 - What are some of the issues with looking at implied volatility versus realised volatility?33:13 - What challenges do you face as a Volatility pro, when it comes to the extreme moves up and down?37:37 - What do you do when you expect large volatility but the direction is unknown?40:30 - How would you react if you knew that there was a huge amount of open interest, 5% down in the S&P, with a few weeks to go?42:52 - Do you have any thoughts on the recent dislocation between the VIX and the S&P 500?46:04 - What are the changes in dispersion dynamics and implied correlations that you’ve noticed over the years?55:03 - Is it fair to say that if you’re long enough Volatility, and there’s a large enough systemic shock, then you’re going to make money?56:48 - Do you have anything to say about the 10-year note futures options surface? Are there persistent distortions there?59:25 - If you see a distortion in the skew, how do you approach it?01:02:56 - Balancing family life and managing a fund01:05:12 - The recent legitimisation of working from homeCopyright © 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 2, 2022 • 1h 33min
SI173: ‘Trend Following + Nothing’ Part Two ft. Jerry, Moritz, Rob, Mark & Rich
Today we continue our special Part 2 end-of-year episode featuring all co-hosts of the show, together at the same time, to discuss why you should be invested in numerous different markets, why more Trend Following firms should be trading single stocks, the optimum amount of systems to run at the same time, whether diversifying across markets or diversifying across systems is more important, some thoughts on positive skew, and defining outliers. We also review how 2021 went for each us, including our best and worst markets to trade, the lessons we learned, and the biggest surprises.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn this episode, we discuss:The reasons for trading different marketsWhy Trend Following firms should trade single stocksThe optimum amount of systems to run at the same timeDiversification across markets versus across systemsSkewnessHow to define outliers-----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 Jerry on Twitter.Follow Moritz on Twitter.Follow Rob on Twitter.Follow Mark on Twitter.Follow Rich on Twitter.Episode TimeStamps: 00:00 - Intro01:20 - Would you rather trade 100 markets with 1 system, using 10 different timeframes? or would you rather trade 50 markets, using 3 different systems, using 5 different timeframes?08:33 - How much ‘positive skew’ do we need?27:04 - Diversification as a means of risk control, versus as a method of finding outliers36:14 - Defining outliers and some thoughts on the number of expected outliers per year45:03 - Can be momentum traders be placed in the same category as Trend Followers?48:13 - Should we care that bubbles exist, or just enjoy the profitable trends? Have the markets gotten any smarter over the years? 52:52 - How Trend Following and Systematic Investing narratives & terms have changed over the years01:12:55 - A review of our best and worst markets to trade during 202101:16:10 - The lessons we learned from 2021, the biggest surprises, and our most regrettable decision from the year 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 29, 2021 • 1h 43min
TTU119: The Secret to becoming Richer, Wiser, Happier ft. William Green
What if there was one or two things that, above all, the best investors of all time have in common? Would you be interested to know what this is? Our special guest today, William Green, has written about this in his new book, called ‘Richer, Wiser, Happier’, where he draws upon his past interviews with over forty of the most successful investors of all time, to find out some of the ingredients that made them stand out. These elite group include Sir John Templeton, Charlie Munger, Howard Marks, Jack Bogle, Ed Thorp, and Joel Greenblatt. Join us as we uncover what it takes to be a truly successful investor, the benefits of deferred gratification, why being humble can lead to solid long-term returns, and the beauty of combining ‘man and machine’ to create a profitable, systematic approach to the markets.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HEREIn This Episode, You’ll Learn:The connection between philosophy and investingRichard’s new book, ‘Richer, Wiser, Happier’The secrets behind the successful business model of Costco and AmazonThe benefits of deferred gratificationWhy Ray Dalio likes to combine ‘man & machine’ and use systematic approachesWhy being humble can lead to great long-term returnsHow to invest for the long-term, in a short-term worldThe ingredients that made some of the most famous investors of all-time so reputable-----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 William on Twitter.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


