Top Traders Unplugged podcast

Top Traders Unplugged

Niels Kaastrup-Larsen

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com

300 episodios

  • Top Traders Unplugged podcast

    VOL08: Adaptation To Change ft. Jean-Philippe Bouchaud

    1:02:20

    Hari Krishnan is joined today by Co-Founder & Chairman of Capital Fund Management (CFM) Jean-Philippe Bouchaud, to discuss how news drive price action, and some of the science behind the large price movements, how we should think about adapting to changing dynamics such as correlations, Jean-Philippe’s background in physics and journey into finance, the effectiveness of the Bloomberg terminal, using dimensional analysis for research purposes, the inelastic market hypothesis, differentiating yourself as a Trend Follower, and the connection between volatility strategies and high frequency data. In this episode, we discuss: The extent to which news drives price action How to look at ever-changing market dynamics, such as correlations Jean-Philippe's journey into finance The reliability of the Bloomberg terminal Dimensional analysis The inelastic market hypothesis Standing out in the Systematic Investor space Volatility strategies and if they have any connection to high-frequency data Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Jean-Philippe on https://www.linkedin.com/in/jean-philippe-bouchaud-bb08a15/ (LinkedIn). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:38 - What area of physics did you work in, and how did you come into finance? 05:04 - Can you elaborate the paper you worked on, where you where you investigated the endogeneity of large price moves? 15:24 - How timely do you consider the Bloomberg feed to be? Is it quick enough? 19:18 - How do we stitch together the two ideas of micro market data 28:20 - Do you the believe in the research that is carried out using dimensional analysis? 32:58 - Do you think that the inelastic market hypothesis was driven by flows into passive vehicles? 37:13 - 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? 40:13 - Can you tell us about your journey so far with CFM? 50:21 - Do you still do Trend Following, and if so, how do you do it different from a standard Trend Follower? 52:08 - If you kill the beta in a Trend Following program, do you lose the convexity? 52:38 - What’s the relation between volatility and higher-frequency momentum systems, in your view?
  • Top Traders Unplugged podcast

    SI175: A Winning Approach to Risk ft. Rob Carver

    1:26:06

    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. In this episode, we discuss: The perception of Trend Following among various types of investors How many positions to trade at once The ‘riskiness’ of various investment strategies Combining Trend Following and Volatility strategies Risk-per-futures contract How much cash to keep on the sidelines and what to do with it Pyramiding positions CFD trading and navigating commissions Measuring correlations effectively Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Rob on https://twitter.com/InvestingIdiocy (Twitter). 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 https://bit.ly/36bzny2 (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/book (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 03:24 - 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 (https://top-traders-unplugged.captivate.fm/listen) 04:47 - Macro recap from Niels 08:17 - Weekly review of returns 11:01 - 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 update
  • Top Traders Unplugged podcast

    No te pierdas ningún episodio de Top Traders Unplugged. Síguelo en la aplicación gratuita de GetPodcast.

    iOS buttonAndroid button
  • Top Traders Unplugged podcast

    VOL07: Participate & Protect ft. Dave Dredge

    1:06:41

    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. In this episode, we discuss: How to improve on the traditional 60/40 portfolio Dave’s concept of ‘participate and protect’ The importance of compounding Dave’s ‘always good weather’ portfolio Long-volatility Bitcoin strategies Value investing in the volatility space Methods for taking profits Sizing portfolio allocations Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Dave on https://www.linkedin.com/in/david-dredge-9493ba1b/ (LinkedIn). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:01 - How did you end up in the long-volatility sector? 04:55 - How options used to be considered as a redundant trading method 07:53 - 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?
  • Top Traders Unplugged podcast

    SI174: The Future of Trend Following ft. Alan Dunne

    1:06:34

    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. In this episode, we discuss: What markets could look like without Federal Reserve liquidity injections Macro versus quantitative approaches Avoiding crowded strategies What it was like to trade through 2018 How market participants may try to game Trend Followers Measuring the strength of price trends Reviewing the performance of Trend Following during the 2010s Which economic factors could drive strong Trend Following performance Check out our series on Volatility https://www.toptradersunplugged.com/podcasts/volatility/ (here), and our Global Macro series https://www.toptradersunplugged.com/category/global-macro/ (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book "The Many Flavors of Trend Following" https://www.toptradersunplugged.com/book (here). Send your questions to [email protected] Follow Niels & Alan on Twitter: https://twitter.com/TopTradersLive (@TopTradersLive) & https://twitter.com/alanjdunne (@alanjdunne) And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Top Traders Unplugged wins award for https://www.theinvestorspodcast.com/podcasts/the-20-best-investing-podcasts-in-2020/ (‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast) 🏆 Episode TimeStamps: 00:00 - Intro 00:58 - Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) and a big thank you to those who have left a 5-star rating or review on iTunes 02:34 - Macro recap from Niels 05:02 - Weekly review of returns 12:22 - 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 update
  • Top Traders Unplugged podcast

    VOL06: Finding True Value in the World of Volatility ft. Benn Eifert

    1:08:52

    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. In this episode, we discuss: A behind the scenes look at running a volatility fund How to use Twitter as an investor Bringing value to clients as a volatility trader Hedging via ETFs Market flows Options Implied volatility Finding a good work & life balance Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Hari on https://twitter.com/HariPKrishnan2 (Twitter). Follow Benn on https://twitter.com/bennpeifert (Twitter). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:20 - 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 clients 16:19 - 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 fund 01:05:12 - The recent legitimisation of working from home
  • Top Traders Unplugged podcast

    SI173: ‘Trend Following + Nothing’ Part Two ft. Jerry, Moritz, Rob, Mark & Rich

    1:33:01

    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. In this episode, we discuss: The reasons for trading different markets Why Trend Following firms should trade single stocks The optimum amount of systems to run at the same time Diversification across markets versus across systems Skewness How to define outliers Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Jerry on https://twitter.com/rjparkerjr09 (Twitter). Follow Moritz on https://twitter.com/moritzseibert (Twitter). Follow Rob on https://twitter.com/InvestingIdiocy (Twitter). Follow Mark on https://twitter.com/mrzepczynski (Twitter). Follow Rich on https://twitter.com/RichB118 (Twitter). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 01:20 - 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 outliers 36:14 - Defining outliers and some thoughts on the number of expected outliers per year 45:03 - 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 years 01:12:55 - A review of our best and worst markets to trade during 2021 01:16:10 - The lessons we learned from 2021, the biggest surprises, and our most regrettable decision from the year 
  • Top Traders Unplugged podcast

    TTU119: The Secret to becoming Richer, Wiser, Happier ft. William Green

    1:43:28

    “Deferred gratification must be a master principle. In a world where people are focused on short-term pleasures, it becomes an enormous competitive advantage if you can shift to deferred gratification.”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. Thank you for listening and please welcome to the show, our guest, William Green. In This Episode, You’ll Learn: The connection between philosophy and investing Richard’s new book, ‘Richer, Wiser, Happier’ The secrets behind the successful business model of Costco and Amazon The benefits of deferred gratification “I’m writing about the people who I think are operating on many different levels. They’ve got the external aspects of investing down, they’re thinking intelligently about how to make money, but they also are thinking very deeply about this inner game of what constitutes an actually successful and abundant life.”Why Ray Dalio likes to combine ‘man & machine’ and use systematic approaches Why being humble can lead to great long-term returns How to invest for the long-term, in a short-term world The ingredients that made some of the most famous investors of all-time so reputable Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow William on https://twitter.com/williamgreen72 (Twitter). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. “There is something very profound going on with systematic investors. There is a tension there, between smart individuals who understand some fundamental principles and are willing to go against the crowd, and the brute power of harnessing machines and eliminating emotion.”
  • Top Traders Unplugged podcast

    SI172: ‘Trend Following + Nothing’ Part One ft. Jerry, Moritz, Rob, Mark & Rich

    1:28:12

    We have a special end-of-year episode for you today, featuring all of us together for the first time, to discuss why we are so passionate about Trend Following, the case for being a Trend Following purist, how to stay perfectly diversified, the art & perils of hunting outliers, the outlook for Trend Following performance, when and how to manually override a trading system, how to stay prepared for unexpected volatility events, and how to know if adjustments to a trading system are going to result in improved performance. In this episode, we discuss: Some of the reasons for being a systematic investor The case for Trend Following as the only strategy in your portfolio Tips for effective diversification Why you should be Hunting Outliers How Trend Following performance might look like in the future If and when you should override your trading rules Staying ready for unexpected shocks in the markets Gauging the effectiveness of adjustments to a system Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Jerry on https://twitter.com/rjparkerjr09 (Twitter). Follow Moritz on https://twitter.com/moritzseibert (Twitter). Follow Rob on https://twitter.com/InvestingIdiocy (Twitter). Follow Mark on https://twitter.com/mrzepczynski (Twitter). Follow Rich on https://twitter.com/RichB118 (Twitter). 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 https://bit.ly/36bzny2 (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/book (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Episode TimeStamps: 00:00 - Intro 02:42 - ‘Has classical Trend Following returned to peak performance’? 05:16 - How do you see the longer-term performance of Trend Following heading? 08:02 - Why not Trend Following as the main, or perhaps only, component of a portfolio? 28:01 - When should you manually override your trading system? 46:56 - How to setup a system to deal with unexpected volatility 01:03:49 - How to know if your research changes are actually improvements
  • Top Traders Unplugged podcast

    TTU118: TRILLIONS...The Passive Revolution ft. Robin Wigglesworth

    1:37:30

    “The mutual fund is coming up to a 100 years old, if you count the first US mutual fund, but in the past 50 years it’s been all about the index fund. So the reason why I started covering it so much at the FT is because I felt it was under-covered in comparison to some of the more titanic hedge fund managers.”Passive & quantitative investing has grown exponentially over the years and is now responsible for trillions of dollars of investors’ capital.  How has this affected the world of active money-management, and what does the rise of passive investing mean for the investment world overall? Well, it turns out that renown Financial Times Global Finance correspondent, Robin Wigglesworth, has a great new book out about passive investing called ‘Trillions’, and I couldn’t resist the temptation to invite him on to the show to talk about the book, and other subjects related to investing and trading. Enjoy this conversation as we cover how the financial crisis of 2008 affected investors' relationship to the markets, the innovators behind the rise of passive investing, Tesla’s entry into the S&P 500, and Robin’s thoughts on Trend Following strategies. Thank you for listening and please welcome to the show, our guest, Robin Wigglesworth. In This Episode, You’ll Learn: How journalism and financial media has changed in the last 15 years Why the rise of passive investing plays such an important part of the history of finance The big players behind the rise of passive investing The first index fund The rise of BlackRock “Studies have shown that the index inclusion affects, which is the uplift that you get from being in a major index like the S&P 500, has been fading quite dramatically for some time and basically is non-existent.”The merits of passive and active investing How investors might react to a prolonged bear market The benefits of quantitative investing strategies Why systematic investing is often criticised so heavily Some of Robins’ thoughts on Trend Following Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Robin on https://www.twitter.com/@RobinWigg (Twitter). 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 https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to [email protected] And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. “The reason I think quantitative investing is going to take over the world is that I think we’re all moving towards rules-based investing. A lot of what quant funds do is what active managers have been doing for decades, which is doing things systematically. But in a quicker way, so it’s more transparent and cheaper, which is what an index fund is - a really simple quant fund.”
  • Top Traders Unplugged podcast

    SI171: Machine Learning - Pros & Cons ft. Hari Krishnan

    1:09:50

    Today we’re joined by special guest, Hari Krishnan, to discuss the advantages and drawbacks of machine learning-based trading strategies, successful funds that utilizes machine learning investment techniques, defining machine learning and comparing it with artificial intelligence, how Trend Following can best integrated with machine learning, the history of machine learning in the investment world, and we also answer some of your questions, such as how to select signals for a smaller trading account. In this episode, we discuss: The reasons for and against machine learning trading strategies If any funds have successfully implemented machine learning What defines machine learning The history behind machine learning-based trading styles How to manage smaller trading accounts, when it comes to signal selection How to time the entry into trend following funds Check out our series on Volatility https://www.toptradersunplugged.com/podcasts/volatility/ (here), and our Global Macro series https://www.toptradersunplugged.com/category/global-macro/ (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book "The Many Flavors of Trend Following" https://www.toptradersunplugged.com/book (here). Send your questions to [email protected] Follow Niels & Hari on Twitter: https://twitter.com/TopTradersLive (@TopTradersLive) & https://twitter.com/HariPKrishnan2 (@HariPKrishnan2) And please share this episode with a like-minded friend and leave an honest rating & review on https://www.toptradersunplugged.com/reviewttu (iTunes) so more people can discover the podcast. Top Traders Unplugged wins award for https://www.theinvestorspodcast.com/podcasts/the-20-best-investing-podcasts-in-2020/ (‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast) 🏆 Episode TimeStamps: 00:00 - Intro 01:25 - Feel free to share this podcast with like-minded friends using this link: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen) and a big thank you to those who have left a rating or review on iTunes 02:38 - Macro recap from Niels 04:52 - Weekly review of returns 09:58 - Q1; Daniel: How do I choose which signals to take when too many arise for a small account? 15:21 - Q2; Mervin: Do you have any advice for finding low-risk entry points into new TF funds? 25:31 - The history of machine learning and how to define it properly 44:24 - How can machine learning be profitable during rare market moves when the data sample size for these moves is so small? 48:41 - Which specific areas of Trend Following are more suited to Trend Following? How risky is it to blindly follow a machine learning strategy?  54:20 - Do you classify machine learning as a form of artificial intelligence? 55:55 - Have you come across any machine learning funds that have done well for a reasonably long period of time? 01:00:48 - Tell us about the recent experiment that Man Group carried out using Machine Learning to select a perfect (and sustainable) Christmas dinner? 01:04:44 - Announcement of future special Top Traders Unplugged episodes hosted by Hari Krishnan, as well as special episodes of the Systematic Investor featuring all the usual co-hosts over Christmas 01:06:18 - Benchmark performance update

Descubre los mejores podcast en la aplicación gratuita de GetPodcast.

Suscríbete a tus podcast favoritos, escucha episodios cuando estés sin conexión y déjate sorprender por las recomendaciones personalizadas.

iOS buttonAndroid button