SI159: Embracing Uncertainty for Outsized Returns ft. Richard Brennan

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 712 Ratings

🗓️ 25 September 2021

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Richard Brennan joins us today to discuss the stabilising effect that a healthy allocation to Trend Following can have on a portfolio, how to achieve compounded wealth in the long-term with systematic investing, how Trend Following strategies can thrive in both crisis periods as well as good times, some thoughts on data distribution and ‘skewness’, how to effectively communicate the benefits of Trend Following to investors, and the art of ‘embracing uncertainty’ in order to maximise returns.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

How adding Trend Following to a portfolio can smoothen positive returns
Compounding wealth as a systematic investor
How Trend Following can profit during good times and bad times
Data distribution, 'skewness', 'convexity', 'kurtosis' and which ones to focus on
How investment terms can often create communication barriers
Embracing the uncertain nature of markets in order to maximise profits

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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 here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

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Episode TimeStamps:

00:00 – Intro

01:49 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share this link with 3 of your like-minded friends:

https://top-traders-unplugged.captivate.fm/listen

02:25 – Macro recap from Niels

04:10 – Weekly review of performance

11:35 – Knowing what to look for in a talented investment manager

19:58 – Discussion on the topic of ‘skew’

42:44 – How the term ‘skew’ relates to other terms such as ‘convexity’ & ‘kurtosis’ and which terms are the most important for investors to focus on

56:33 – Some thoughts on what is referred to as ‘path dependency’

01:01:03 – How Trend Following can positively influence an investment portfolio

01:02:57 – Benchmark performance update

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	You're about to join Jerry Parker, Maritz Siebert, and Neil's Kostrup Larson on their
0:06.3	raw and honest journey into the world of systematic investing and learn about the most dependable
0:11.6	and consistent yet often overlooked investment strategy.
0:15.2	Welcome to the Systematic Investor Podcast series.
0:26.6	Welcome and welcome back to this week's edition of the systematic investor series with Richard Brennan and I, Neil's Castleblassen, where each week we take the pulse of the
0:30.6	global market through the lens of a rules-based investor.
0:33.6	For those of you who are regular listeners, our conversations are intended to give you as much of the nurture and encouragement as the turtles got back in the 80s.
0:41.6	As Jerry likes to put it, and if you're new to the show, we hope that today's episode will trigger your appetite to learn more by diving into the back catalog and listen to all of the past episodes that you may have missed.
0:53.1	Like last week's episode with Mark,
0:55.0	where we had a sneak preview into a study
0:57.6	that he has done along with the Kaya Association
1:01.2	about what investors look at the most when selecting managers,
1:06.3	which is a super interesting topic
1:08.3	with some surprising findings in some of the cases. So if you missed that
1:13.0	one, you really should go back and listen to it. Rich, great to be with you this week. How are
1:19.4	things where you are down under? It's getting a bit warmer, Neil. So we've gone through our
1:24.6	winter and now we're sort of interspring and it's starting to heat up over here.
1:29.1	So I'm in my t-shirt and fancy free.
1:34.3	Fantastic. That's great to hear.
1:36.3	Hopefully we're not entering a trend following winter now that spring is coming to where you are.
1:42.3	We've got some great topics that you brought along,
1:45.3	so I'm excited to get into that. Before I do the market wrap, let me just, as I normally do,
	...

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