Top Traders Unplugged with Niels Kaastrup-Larsen | Engaging Conversations with the Top Traders & Investors-logo

Top Traders Unplugged with Niels Kaastrup-Larsen | Engaging Conversations with the Top Traders & Investors

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Top Traders Unplugged is created for you, the investor, trader or research analyst. If you are looking to take your manager due diligence or investment career to the next level, Niels Kaastrup-Larsen delivers the information you just don’t want to miss. Just like the Market Wizard books brought some of the greatest traders to light in the 80's, Top Traders Unplugged brings to you engaging conversations with legends like Winton Capital's David Harding, Turtle Mentor Richard Dennis, Jerry Parker, Bill Dunn's protege Marty Bergin, Carrie Lo of CalSTRS, Marty Lueck of Aspect Capital and many more. Learn from their experiences, their successes, and their failures. Hear their views on investing, portfolio construction, risk management, research, how to handle the emotional roller coaster and what it takes to become successful and a market wizard. Each episode ends with unexpected questions and advice that will help you take the next leap in your journey.

Top Traders Unplugged is created for you, the investor, trader or research analyst. If you are looking to take your manager due diligence or investment career to the next level, Niels Kaastrup-Larsen delivers the information you just don’t want to miss. Just like the Market Wizard books brought some of the greatest traders to light in the 80's, Top Traders Unplugged brings to you engaging conversations with legends like Winton Capital's David Harding, Turtle Mentor Richard Dennis, Jerry Parker, Bill Dunn's protege Marty Bergin, Carrie Lo of CalSTRS, Marty Lueck of Aspect Capital and many more. Learn from their experiences, their successes, and their failures. Hear their views on investing, portfolio construction, risk management, research, how to handle the emotional roller coaster and what it takes to become successful and a market wizard. Each episode ends with unexpected questions and advice that will help you take the next leap in your journey.
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Location:

United States

Description:

Top Traders Unplugged is created for you, the investor, trader or research analyst. If you are looking to take your manager due diligence or investment career to the next level, Niels Kaastrup-Larsen delivers the information you just don’t want to miss. Just like the Market Wizard books brought some of the greatest traders to light in the 80's, Top Traders Unplugged brings to you engaging conversations with legends like Winton Capital's David Harding, Turtle Mentor Richard Dennis, Jerry Parker, Bill Dunn's protege Marty Bergin, Carrie Lo of CalSTRS, Marty Lueck of Aspect Capital and many more. Learn from their experiences, their successes, and their failures. Hear their views on investing, portfolio construction, risk management, research, how to handle the emotional roller coaster and what it takes to become successful and a market wizard. Each episode ends with unexpected questions and advice that will help you take the next leap in your journey.

Language:

English


Episodes

58 The Systematic Investor Series – October 20th, 2019

10/19/2019
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This week, we discuss Bank of America’s declaration of the end of the traditional 60/40 portfolio, the different attitudes to having ‘insurance’ in the markets, the reasons why too many fund managers are aiming for average returns, and the importance of consistently being present to profit from the biggest price moves. Questions we cover this week include: what can be considered a large enough sample size when performing a backtest? What is the best investing advice you have ever received?...

Duration:01:06:39

57 The Systematic Investor Series – October 14th, 2019

10/13/2019
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On this week’s episode, we discuss the tendency for investors to confuse volatility & noise with risk and instability, the benefits of great mentorship, why the best investments are those that have survived calamitous periods, why risk from any single market shouldn’t be able to ruin your portfolio, and Larry Hite’s observation that there is very little magic in Trend Following. Questions we answer this week include: can a 10-year track record can be considered as anything more than noise?...

Duration:01:05:25

56 The Systematic Investor Series – October 7th, 2019

10/6/2019
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This week, we discuss the potential risks of aiming for smooth & steady returns, the pitfalls of having to make predictions, the higher-than-expected appearances of tail events, why it’s dangerous to look at the ‘average performance’ of an industry, and why aiming to trade in a style that suits your personality can actually turn out to be a bad idea. Questions we cover this week include: Have you encountered any CTAs with unusually low-frequency trading strategies? Should the optimization of...

Duration:01:17:47

111 Alignment of Interest with Alan Sheen of Dalton Street Capital – 2of2

10/2/2019
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“We do two of the hardest styles of investing that I am aware of.” - Alan Sheen (Tweet) Today on Top Traders Unplugged, I continue our conversation with Alan Sheen, talking about how and why he designed Dalton Street Capital’s investment strategy the way he did, and how it has performed compared to the market average over the past three years. Listen in to today's episode to learn how Alan’s strategies are different from traditional managed futures, his managerial approach that enables...

Duration:00:55:05

55 The Systematic Investor Series – September 30th, 2019

9/29/2019
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In this week's episode, we discuss why Sharpe Ratios should be taken with a pinch of salt, the benefits of using a Trading Coach, why consistently aligning with the best odds may be a better strategy than trying to predict future price moves, DUNN Capital’s recent award from HedgeWeek magazine, why ‘the standout hedge fund traders this year have been computer-driven Trend-Followers', and why Risk Management is more important than strategy or philosophy. Questions answered this week include:...

Duration:01:14:19

110 The Opportunity of Volatility with Alan Sheen of Dalton Street Capital – 1of2

9/25/2019
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“I learned everything I ever needed to know about systematic and quantitative investing even before I set foot in the field because systematic and quantitative investing, at the end of the day, is about discipline.” - Alan Sheen (Tweet) Today on Top Traders Unplugged, I’m speaking with Alan Sheen, Founder and CIO of Dalton Street Capital. Alan has an interesting background in science and engineering, and also spent time in the military, which allowed him to later thrive in rules-based...

Duration:00:39:46

54 The Systematic Investor Series – September 22nd, 2019

9/21/2019
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In this episode, we discuss Howard Mark’s comments regarding not losing money being more important than missing opportunities, how solid Trend Following performance can often stay on the edge of randomness, recent opposing comments from the AHL founders on the effectiveness of Trend Following in today’s markets, why complexity and complication might actually be different from one another, and we also touch on a white paper which points out an increased inaccuracy with backtests the more...

Duration:01:09:14

27 Top Traders Round Table with Daniel Crosby – 2of2

9/18/2019
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“Emotion overrides cognition pretty dramatically” - Daniel Crosby (Tweet) Welcome to Top Traders Round Table, a podcast series on managed futures brought to you by CME Group. On today's episode, host Niels Kaastrup-Larsen continues his conversation with Dr. Daniel Crosby, Chief Behavior Officer of Brinker Capital, and the host of The Standard Deviation Podcast. Niels and Daniel discuss how emotion affects investment decision-making, the problem with financial media, and what investors can do...

Duration:00:37:21

53 The Systematic Investor Series – September 16th, 2019

9/16/2019
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In today’s episode, we discuss if it’s possible to successfully blur the lines between Discretionary & Systematic Trading, why most of the largest Hedge Funds in the world are Systematic, results of the rolling 10-year returns of Trend Following versus the S&P 500, how diversification can prevent long drawdown periods, why forming an opinion on your stock position can negatively affect how you manage the trade, and we also explain some of the differences between Cash Contracts and Continuous...

Duration:01:10:52

26 Top Traders Round Table with Daniel Crosby – 1of2

9/12/2019
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“If we can follow just a couple of simple rules, we can overcome the behavioral errors which are the plague of so many investors.” - Daniel Crosby (Tweet) Welcome to Top Traders Round Table, a podcast series on managed futures brought to you by CME Group. On today's episode, host Niels Kaastrup-Larsen speaks with Dr. Daniel Crosby, Chief Behavior Officer of Brinker Capital, and the host of The Standard Deviation Podcast. Dr. Crosby came to investment management through clinical psychology...

Duration:00:31:52

52 The Systematic Investor Series – September 10th, 2019

9/10/2019
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In our special Anniversary Edition of the Systematic Investor Podcast, we invite Peter Borish onto the show to discuss the differences between Discretionary and Systematic Investing, Peter’s journey from the New York Federal Reserve to his role at Quad Group, his experience working with Paul Tudor Jones, his opinion on the CTA industry and its current approach to attracting capital, the benefits of having solid business partners during the best and worst of times, the power of Market Cycles,...

Duration:01:21:50

51 The Systematic Investor Series – September 2nd, 2019

9/1/2019
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In this week’s show, we discuss using multiple systems to further enhance diversification, the differences between a portfolio meeting expectations versus benchmarking it against an Index, Trend Following in-house versus using an experienced Systematic Investment manager, having the temperament to stay the course with your investments, and the effectiveness of trying to predict the next moves of CTAs. Questions answered this week include: Are interest rates lower than usual at the moment?...

Duration:01:13:08

50 The Systematic Investor Series – August 25th, 2019

8/25/2019
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Today we discuss the potential dangers of avoiding simplicity, how good Trading is counter-intuitive to Human Nature, the benefits of doing the same thing over and over, how to earn big profits through aggressive Trend Following strategies, the secrets to building wealth through investing, and how we like to approach correlations in our portfolios. Questions answered this week include: Why are complex strategies more attractive to investors? Is the phrase ‘this time it’s different’ actually...

Duration:01:25:52

49 The Systematic Investor Series – August 19th, 2019

8/19/2019
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Today, we discuss the potential dangers of taking time away from the markets, the importance of Investor behaviour over the ability to analyse data, Morgan Housel’s article on the universal Laws of Investing, the differences between Buy-and-Hold, periodically re-balancing your portfolio, versus a more active Trend Following approach, as well as the art of profiting from Tail Events. Questions we address this week include: is Inter-Market Analysis a useful tool or a dangerous approach? Should...

Duration:01:17:21

48 The Systematic Investor Series – August 11th, 2019

8/10/2019
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This week, we discuss the current state of the Bond market, how the larger, commercial institutions affect overall CTA Trend Following performance, how to deal with the fluctuations in currencies when performing backtests, and we also give our thoughts on various Trading exit strategies. Questions answered this week include: does the majority of CTAs get out of their equity positions when the S&P500 falls below its 200-day moving average? Should you avoid trading markets that perform badly...

Duration:01:12:45

47 The Systematic Investor Series – August 6th, 2019

8/5/2019
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This week, we discuss the importance of avoiding any emotional attachments to your positions, how correlated markets can affect your portfolio, how to decide which trades to execute when your signals outweigh the amount of equity available to trade, and we also give our thoughts on Margin-to-Equity related to Position Sizing. Questions answered this week include: does uncertainty in the markets have any negative effects on Trend Following strategies? Can the S&P 500 ever be a good comparison...

Duration:01:21:22

Best of TTU – Behavioral Finance and & Crisis Alpha

7/31/2019
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When it comes to Behavioural Finance, a few people stand out in terms of their contribution to helping us all understand why and how it works. The intersection between Human Behaviour and Quantitative Investing can be difficult to understand for even the most sophisticated investors. Today, I want to share some really important insights from one of my favorite professors, who is also a practitioner of this discipline, namely Andrew Lo of MIT Sloan School of Management and Director of MITs...

Duration:00:15:13

46 The Systematic Investor Series – July 29th, 2019

7/29/2019
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This week, we discuss whether commodities are more risky to trade than equities, if a stocks-only Trend Following strategy can be profitable in the long run, if a deep drawdown is worse than a long drawdown, and the importance of over-estimating any possible drawdowns implied by a backtest. Questions answered include: should all Trend Following funds be required to provide Crisis Alpha? Is there ever a good time to override your system and trade outside of the rules? Should you always...

Duration:01:17:21

Best of TTU – Un-Learning & The Legacy of AHL

7/23/2019
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It has been said that: 'The biggest room of all, is the room for improvement', and one thing that is clear to see in the amazing careers of today’s guests, is the continued hunger for learning in the quest for an improved investment process. This has led to an unprecedented success for this trio. Today, I share the last key insights from my conversation with Michael Adam, David Harding and Marty Lueck, also known as the founders of AHL. In this post, we don’t just discuss the importance of...

Duration:00:13:28

45 The Systematic Investor Series – July 21st, 2019

7/21/2019
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In this week’s episode, we discuss Ray Dalio’s recent article on Paradigm Shifts and his comments on the safety of Gold. We also touch on the perils of having too many filters that keep you from entering a trade, why you should avoid ‘sure thing’ trade recommendations from others, the importance of having a plan before entering a trade, the benefits of incorporating what you’ve learnt from others about Trading into your own strategies, and the reasons for buying at the 52-week high as...

Duration:01:17:52