Imagine spending an hour with the world's greatest traders. Imagine learning from their experiences,

their successes, and their failures. Imagine no more. Welcome to Top Traders Roundtable,

the place where you can learn from the best hedge fund managers and investors in the world,

so you can take your manager due diligence or investment career

to the next level. Before we begin today's conversation, remember to keep two things in mind.

All the discussion that will have about investment performance is about the past, and past

performance does not guarantee or even infer anything about future performance. Also understand

that there's a significant risk of

financial loss with all investment strategies, and you need to request and understand the specific

risks from the investment manager about their products before you make investment decisions.

Now here's your host, veteran hedge fund manager, Nealz Kostrup Larson.

Welcome back to TopTraders Roundtable, a podcast series on managed futures brought to you by CME Group,

where I continue my conversation with Dr. Daniel Crosby, who is the chief behavioral officer at Brinker Capital as well as the author to a number of highly

recommended books, including the book titled The Behavioral Investor and the host of the

Standard Deviation Podcast.

The fourth one that you cite, which I often think is kind of the biggest one, or maybe the one we're just, at least in our industry, I think we talk the most about when we talk about why it makes sense to consider managed futures or trend following. That's emotion. It's such a big one. Yeah, maybe you talk a little bit more about, I mean,

Ice Walser spoke with Andrew Lowe on the podcast,

and he's also talked about the challenges with the emotion.

But I'd love to hear your thoughts about this area as well

and what you found to be kind of the key, key points when it comes to

dealing with emotions as an investor, I guess. Yeah, the Andrew Lowe episode was great. I listened to that

and I'm a big, I'm a big fan of his work. So emotion is interesting because emotion

...