You're about to join Jerry Parker, Maritz Siebert, and Nealz Kastrup Larson on their raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy.

Welcome to the Systematic Investor podcast series.

Jerry Parker, Moritz Siebert, and I, Nealz Kastro Blasen, are delighted to be back with this

week's edition of the Systematic Investor Series.

And as usual, we're going to discuss last week's events, but also the events of the month

of November in the world of rule-based investing and take some of your questions.

So good afternoon to you, Moritz. Good morning to you, Jerry. How are things?

Hello, Neals. Good. Yes, great. Thank you. Perfect. Perfect. Well, as I mentioned, it's the end of

another week, but it's also the end of another month, which certainly did not disappoint when it comes to the news flow and the action in the markets and the volatility that we've seen.

So I'm sure we'll have a few interesting things to review and see how it all played out for us who operate in the systematic investment world.

So why don't we just kick it off?

I mean, I think as for people who are listening to our conversation each week, I'm sure

it's no surprise that it was a difficult month and that

you know, CTAs, trend followers will be for the most part in the red. So not just red October.

Now we have red November. We'll have to put an end to these red months. But anyways,

what did you guys see, experience, what caught your eyes,

what was interesting about the month? Why don't we start with you, Moritz? How is the month of

November? Looking back on the month, a choppy month, not as red as October, so more like

a light red, minus one and a

half, two, minus two. Pink, pink November, maybe. Pink November, exactly. Looking back on the

past month, sure, we had the big move down in oil. I think we changed positions on the back

of that, maybe made some money there.

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