SI80: Why uncomfortable trades can turn out to be the most profitable ft. Eric Crittenden
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 23 March 2020
⏱️ 95 minutes
🧾️ Download transcript
Summary
This week, special guest Eric Crittenden joins us on the show to discuss: the importance of being able to trade short positions, how the best Trend Following strategies have proven their worth in this current environment, why Trend Following can be regarded as a Contrarian Strategy, whether or not ETFs are safe investments, when being 1st place can be as detrimental as coming last, why the most uncomfortable trades can turn out to be the most profitable, why you can’t time entries into a Trend Following fund, how too much AUM can hinder returns, and why there is so much returns dispersion among CTAs today.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
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Episode TimeStamps:
00:00 – Intro
01:50 – Macro recap from Niels
03:12 – Weekly review of performance
06:51 – Niels: How did you get to where you are today?
08:00 – Niels: What persuaded you to embrace Trend Following?
11:48 – Moritz: Do you believe Trend Following works because it’s difficult to do?
17:05 – Niels: What do you think it takes nowadays to be a successful investor?
21:38 – Niels: Do you think the speed of the current meltdown is surprising?
30:17 – Moritz: Is the Trend Following space overcrowded, and are its results decaying?
48:31 – Niels: What do you think of Trend Following on individual stocks?
52:42 – Niels: Are concerned about the stability of ETFs?
56:09 – Moritz: Do you have any concerns about the money passively allocated to ETFs?
58:30 – Moritz: Did you imply Trend Following on individual stocks isn’t worth it, after fees?
01:02:51 – Niels: Can you explain your ‘3 Narratives’, starting with ‘The Experiment’?
01:09:45 – Niels: Tell us about the next narrative, ‘The Crazy Gym’?
01:13:58 – Niels: What about the 3rd narrative, ‘Michelle & her 2 advisors’?
01:18:21 – Eric: Moritz, would you like to talk about recent trades in the energy sector?
01:29:50 – Benchmark performance update
01:31:56 – Niels: Eric is there anything else you would like to bring up in closing?
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2. Daily Trend Barometer and Market Score
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're about to join Jerry Parker, Maritz Siebert, and Nealz Kostrup Larson on their raw and honest |
| 0:07.3 | journey into the world of systematic investing and learn about the most dependable and consistent |
| 0:12.3 | yet often overlooked investment strategy. Welcome to the Systematic Investor podcast series. |
| 0:22.8 | Moritz-Sebrin and I, Niels Kasablasner, back with this week's edition of the Systematic |
| 0:26.7 | Investor Series, which is our weekly ongoing role exploration of the world of rules-based investing. |
| 0:32.1 | And of course, where we also take some of your questions. |
| 0:35.2 | But today, just like last week, we're going to deviate from our usual |
| 0:39.2 | format because we have a fantastic guest joining us today namely eric crittenden |
| 0:43.0 | eric is someone we have wanted to come on the show for a while and i'm sure you'll agree that |
| 0:48.0 | it is perfect timing to have someone with his experience on the show at this particular time. |
| 0:54.4 | So let me start by saying, welcome to the show, Eric. |
| 0:57.2 | We're really delighted to be speaking with you today. |
| 1:00.2 | And of course, good afternoon to you, Moritz. |
| 1:02.2 | Hope you're doing well after a busy week, no doubt. |
| 1:05.3 | Thanks for having me, guys. |
| 1:06.7 | Good morning, Eric. |
| 1:07.6 | Good afternoon, Niels. |
| 1:08.9 | Now, we have lots to talk to you about, Eric, |
| 1:11.6 | but since we usually do a quick run-through of the week |
| 1:14.6 | in terms of what took place inside the trend-following portfolios we work with, |
| 1:19.6 | perhaps since it's early morning your time, |
| 1:21.6 | you can have an extra sip of your coffee whilst Morris and I will do a quick run through. |
... |
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