Resolve Riffs Investment Podcast

Delve into the world of quantitative investing and managed futures. Explore the history and evolution of hedge funds and the growth of systematic investing. Learn about the challenges of explaining complex financial concepts and the role of derivatives traders in providing liquidity. Discover different models and strategies in quantitative investing and the importance of adaptability. Understand the trade-off between diversification and control in portfolio construction. Gain insights into risk management and the strategies used in systematic investing.

In this riveting discussion, we delve into the complexities of the global financial landscape and the potential pitfalls of traditional monetary systems with Lyn Alden, Founder of Lyn Alden Investment Strategy. We explore the implications of structural inflation, the rise of new monetary technologies like Bitcoin and stablecoins, and the potential future scenarios for developed and emerging economies.Topics Discussed• Discussion on the structural inflation in countries like Egypt and Argentina, and the impact on their currencies• Examination of the role of Bitcoin, stablecoins, and other new technologies in creating a global marketplace for money• Exploration of the potential for money to move across jurisdictions, bypassing traditional banking systems• Insight into the financial firewalls and the increasing porosity due to technologies like Bitcoin• Analysis of the potential problems major currencies like the dollar, euro, and yen might face due to increasing public debt• Discussion on the bubbles and cycles associated with monetary technologies• Consideration of the potential risks and benefits of Bitcoin, including the concentration of wealth and the potential for it to act as a hedge against currency devaluation• Examination of the potential future scenarios for developed and emerging economies in the face of a potential debt and monetary crisis• Discussion on the potential impact of a fiscal reckoning on the asset bubble and consumer spending in developed economies• Insight into potential strategies for managing the risks associated with a potential fiscal reckoning, including investment in bonds, equities, and BitcoinThis episode offers a deep dive into the intricacies of the global financial landscape, providing valuable insights for anyone interested in understanding the potential future scenarios for our monetary systems. It's a must-listen for anyone seeking to navigate the complexities of the financial world and understand why traditional money might be losing its value.This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

The podcast explores the intricacies of asset classes and correlations, challenges of traditional investment strategies, potential of alternative investment approaches, importance of understanding risks and returns, role of benchmarking, and the nuances of managing risk exposures in portfolios.

In this episode, we delve into the secrets of success and wealth management with our guest Homer Smith, Private Wealth Advisor, Konvergent Wealth Partners. We explore the decisions successful people make, the concept of a virtual family office, and the importance of making good decisions about wealth and taxes. We also discuss the challenges of managing wealth and the benefits of a comprehensive approach to wealth management.Topics Discussed• The mindset and decision-making process of successful people• The concept and benefits of a virtual family office• The importance of making good decisions about wealth and mitigating taxes• The differences in managing ultra wealthy individuals versus those in the median wealth range• The role of taxes in wealth management and the benefits of focusing on tax efficiency• The challenges faced by accountants and lawyers in wealth management and strategies to overcome them• The importance of understanding the intent of wealth management solutions• The role of insurance in wealth management• The benefits of an All-Weather approach to investment and wealth management• The psychological worries of wealthy individuals and how to address them• The importance of focusing on the big picture in wealth managementConclusionThis episode is a must-listen for anyone interested in wealth management, the psychology of successful people, and the intricacies of managing wealth. It provides valuable insights and strategies to navigate the complex world of wealth management and achieve financial success.This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

In this episode, Rodrigo Gordillo sits down with David Triplo, Senior Associate, Diversifying Alternatives Research at Mercer,  to discuss his journey from poker to prop trading and finally to systematic global macro trading. They delve into the intricacies of the trading industry, the impact of market changes, and the future of the CTA space.Topics Discussed• David Triplo's transition from poker to prop trading and his early experiences in the industry• The challenges and opportunities of trading on the future side and the specifics of cash basis trading• The decision to move from options trading to futures trading and the factors influencing this choice• The impact of market changes on trading strategies and the necessity of adaptation• David Triplo's time at Transmarket Group and the lessons learned from the boom and bust cycle• The shift to the world of CTAs and the differences between prop trades and CTA roles• The evolution of Systematic Global Macro trading and the increasing use of non-price based information in trading strategies• The role of volatility oriented strategies in hedge fund space and the potential for high convexity in a short time period• The benefits of a diversified approach in Systematic Global Macro for the average allocator• The current state of the alternative investment sleeve and the dominance of private equity and hedge fundsConclusionThis episode is a deep dive into the world of trading from the perspective of someone who has experienced it all - from poker, to prop trading, to Systematic Global Macro. David Triplo's insights provide valuable lessons for anyone interested in the trading industry, the evolution of trading strategies, and the future of the CTA space.This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

In this conversation, we delve into the world of quantitative investing, exploring its intricacies, misconceptions, and the common mistakes people make when trying to apply it. The discussion also sheds light on the importance of asking the right questions and setting up the problem correctly in quant investing.Topics Discussed• The common misconception that a single tool or program can solve all problems in quant investing• The importance of setting up the problem correctly and asking the right questions in quant investing• The challenges of communicating complex quant concepts to laypeople or investment professionals without a background in quantitative methods• The role of intuition and experience in quant investing and how they still hold significant value over calculations• The use of quantitative methods in large institutions and the need for human supervision to prevent unusual or excessively risk-taking actions• The impact of back testing and the importance of incorporating experience into it• The discussion on whether machines can completely take over quant investing and the current limitations• The exploration of arbitrage opportunities in quant investing and how they can be exploited by mid-sized banksThis conversation is a deep dive into the world of quant investing, offering valuable insights into its complexities, the common pitfalls, and the role of human intuition and experience. It's a must-listen for anyone interested in quantitative investing, providing strategies to navigate this complex field.This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

Prominent figure in the financial industry, Bob Elliott, joins the ReSolve team to discuss monetary policy, inflation, and the role of central banks. They explore topics like the impact of monetary policy on inflation, the risks of long-term elevated inflation, income growth in the current economic cycle, balanced alphas in investment strategies, and the potential of alpha indexing tools. The podcast also covers the ideal weighting of equities, bonds, commodities, and alpha in an investment portfolio, as well as the concept of a diversified portfolio. Valuable insights for anyone interested in understanding the current economic landscape.

PJ Pierre, a global macro trader and MMT expert from Denali Asset Management, shares insights into Modern Monetary Theory and its implications for fiscal policy. He challenges the traditional belief that taxes must precede government spending, discussing how this view shapes economic perceptions. Pierre explains the mechanics of currency issuance and the risks of inflation, alongside the critical role of banking in MMT. The conversation also touches on fiscal dominance, labor market trends, and the impact of government investment on economic innovation.

The podcast discusses the importance of a probabilistic approach in financial markets, the dynamics of inflation, investing in regional banks, potential risks and rewards, China's policy support, growth in India, impact of the dollar on the global economy, and the potential for a global order rupture.

The ReSolve Team welcomes Eric Basmajian, founder of EPB Research, and Jeff Weniger, a renowned financial analyst. We delve into the current state of the economy, the potential for a recession, and the role of the banking sector in these dynamics. We also discuss the influence of leading, coincidental and lagging indicators in economic cycles.• Introduction to Eric Basmajian and Jeff Weniger, discussing their backgrounds and influences• Discussion on the potential disparity between equity markets and recession indicators• Exploration of Eric's economic framework and its application to current economic indicators• Insights on the role of bank balance sheets in the economic cycle• Discussion on the impact of the commercial real estate crisis on bank lending• Examination of the contraction in bank credit and its implications for economic growth• Debate on the current state of the economy and the potential for a recession• Discussion on the role of leading, coincidental and lagging indicators in predicting economic cycles• Insights on how different sectors of the economy may experience the impacts of a recession at different times• Discussion on the importance of managing risk in the current economic climateToday’s discussion provides valuable insights into the complexities of the current economic landscape and the potential for a recession. Detailed analysis from Eric Basmajian and Jeff Weniger provides a deeper understanding of the factors influencing the economy and how to navigate these challenging times.This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.