SI177: The Value of Price ft. Mark Rzepczynski
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 30 January 2022
⏱️ 77 minutes
🧾️ Download transcript
Summary
Mark Rzepczynski joins us today to discuss how Federal Reserve policy affects the Trend Following environment, the benefits of scaling into and out of positions, Howard Marks’ opinion on the value of price, the factors that drive commodity prices, why typical inflation-hedges may not be as reliable as their reputation implies, how Trend Following is the perfect way to complete your portfolio, and the differences between a ‘trend chaser’ and a trend follower.
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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:
- Central bank policies and their effects on Trend Following performance
- The benefits of having multiple entries and exits across different timeframes
- Howard Marks’ recent thoughts on trading price action only
- The status of the commodity markets
- Hedges against inflation
- Creating the perfect portfolio using Trend Following
- Trend Following versus ‘trend chasing’
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Episode TimeStamps:
00:00 – Intro
02:05 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes, and feel free to share our link with 3 of your like-minded friends:
https://top-traders-unplugged.captivate.fm/listen
02:36 – Macro recap from Niels
06:22 – Weekly review of performance
15:10 – Q1; Zack : Has there been any research into how systematic investing improves ones performance over discretionary investing?
41:24 – Making predictions on commodities and inflation
50:27 – How Fed policy affects the Trend Following environment
01:04:18 – The re-emergence of longer-term terms
01:13:43 – Benchmark performance update
Copyright © 2025 – CMC AG – All Rights Reserved
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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
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're about to join Neil's Kostrup Larson on a raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy. |
| 0:13.2 | Welcome to the Systematic Investor Series. |
| 0:26.3 | Welcome all welcome back to this week's edition of the systematic investor series with Mark Resemsemsksonski and I, Neil Castro Larsen, where each week we take the pulse of the global |
| 0:31.1 | market through the lens of a rules-based investor. |
| 0:34.4 | For those of you who are regular listeners, this podcast series is all about |
| 0:38.3 | voicing our differences on the one topic that brings us together, namely systematic investing |
| 0:43.3 | using the often overlooked but very robust strategy of trend following. We hope that today's |
| 0:49.9 | episode will trigger your curiosity to learn more by diving into the back catalog and |
| 0:55.4 | listen to all of the past episodes that you may have missed. |
| 0:58.6 | Like last week's episode, Will Rich, where we took a deep dive into the new narrative about |
| 1:04.1 | what trend following is and how to explain it, as well as the origin story of outliers. |
| 1:10.3 | And we followed this up by publishing a summary of the episode on the top traders on clock |
| 1:15.7 | dot com website in the blog post section. |
| 1:19.1 | So if you miss that one, I invite you to go back and listen to the episode and read the |
| 1:24.5 | blog post. |
| 1:25.9 | Mark, great to be back with you this week at the end of a eventful week, actually, |
| 1:31.5 | and an eventful month. |
| 1:32.9 | I think it's fair to say. |
| 1:34.5 | How are you doing? |
| 1:35.1 | How are things where you are? |
| 1:36.4 | Very good. |
| 1:36.9 | I'm just coming out of a blizzard out here in Boston. |
... |
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