Talk Your Book: Compounding Machine
Animal Spirits Podcast
The Compound
4.7 • 2.1K Ratings
🗓️ 2 October 2023
⏱️ 37 minutes
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Summary
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| 0:00.0 | Today's animal spirits is brought to you by standpoint asset management on today's show |
| 0:05.4 | Ben and I spoke with Eric Quintetin who's |
| 0:08.1 | Who's been around for a while does some great research? |
| 0:10.5 | You might have heard of my meb favors podcast a few times. He's a really smart guy |
| 0:14.9 | They talk a lot about systematic trend following all weather investing |
| 0:20.1 | Why it works? We spoke briefly about this, but I just wanted to |
| 0:25.6 | Enhanced in a double click on it because it was pretty modest about the returns, but |
| 0:29.3 | Pest performance obviously, etc., etc. No guarantee you did a double click thing. I did. Yeah. Sorry. Sorry. Now I'm a podcaster now. It's official |
| 0:38.9 | This all weather strategy that they run |
| 0:41.9 | completely missed |
| 0:43.4 | And he sort of draw down missed in a good way |
| 0:46.2 | Very little draw down during the during the pandemic |
| 0:49.1 | Very little drawdown in 2022 when stocks and bonds got cloud-bird and the reason why I'm harping on this is because it's not like he got lucky with guessing |
| 0:57.0 | Now maybe there was some, you know, fortunate circumstances, whatever whatever |
| 1:00.8 | But it's not that he made a market call right? That's not that's not what they're about |
| 1:03.8 | That's not what trend following is he has a model and of course it ebbs and flows good times bad times, but |
| 1:09.6 | Man time he's everything and this thing has absolutely destroyed in a good way since inception at the end of 2019 |
| 1:15.3 | And you and I looked at a ton of alternative |
| 1:18.0 | funds in the 2010s and a lot of them had a really really bad decade in you would wonder like |
| 1:26.4 | How the stock market did find the bond market did okay the stock market was lights out |
| 1:31.0 | How is it how are all these funds missing completely on |
| 1:34.6 | Like the one big trend and it's hard really hard for an alternative |
... |
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