SI84: Is pyramiding a bad strategy? and how many markets to trade? ft. Robert Carver

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 19 April 2020

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re joined today by Robert Carver to discuss why classical Trend Following strategies did well in the recent selloff, the risks in OTC trading, why it’s important to diversify across different managers, the varying recent returns of Renaissance Technologies and AHL, and how Robert Carver approaches volatility, scaling & portfolio construction during a crisis. Questions answered this week include: Are 20 markets enough for a diversified portfolio? Is pyramiding a bad strategy? Should I prioritise signals that agree on multiple timeframes?

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Episode TimeStamps:

00:00 – Intro

01:00 – Macro recap from Niels

03:14 – Weekly review of performance

59:25 – Questions 1, 2 & 3; Gary: Are 20 markets enough for a diversified portfolio? Should I prioritise signals that agree on multiple timeframes? Is pyramiding a bad strategy?

01:24:56 – Benchmark performance update

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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...

Transcript

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0:00.0	You're about to join Jerry Parker, Maritz Siebert, and Neil's Kostrup Larson on their raw and
0:06.9	honest journey into the world of systematic investing and learn about the most dependable and
0:11.8	consistent yet often overlooked investment strategy.
0:15.1	Welcome to the Systematic Investor podcast series.
0:22.4	Welcome or welcome back to this week's edition of the Systematic Investor series
0:25.9	with Robert Carver, Moritz Siebert and I, Nils Castel Blaston, where each week we take the
0:30.3	pulse of the global market through the lens of a rules-based investor.
0:34.4	And for a long time, listeners, our conversations are intended to keep you focused and
0:38.4	inspired to continue your trend following journey and if you're new to the show our hope is that
0:43.8	today's episode will trigger your curiosity to check out the back catalog and all of the past
0:49.7	episodes that you may have missed first things first rob mort Rob Moritz, good afternoon. How are you doing?
0:55.2	Good afternoon. Good morning. Neil's and Rob. How are you? Fine. Thanks, Moritz. Nice to talk to you guys again.
1:01.0	Yeah, likewise. Likewise. It's been a few weeks. A lot of things has happened. Of course, this week,
1:06.1	we saw some positive news in the fight against COVID-19.
1:12.2	And if you look at some of the markets, at least, you could certainly be forgiven if you'd
1:16.7	forgotten about all the panic selling we saw only three weeks ago.
1:21.0	But that is the power of the Fed's balance sheet, which, by the way, has risen to 6.2 trillion dollars up about 220
1:30.2	billion dollars from last week and all of this despite another 5 million plus
1:35.5	million people claiming unemployment benefits in the US this week bringing the
1:40.8	total up to about 21.78 million people in only four weeks,
1:47.2	which just happens also to be a little bit more than the 21.74 million people
1:52.6	or jobs that got created since June 2009 at the end of the Great Financial Crisis.
	...

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