TDI Podcast: Conviction vs. Courage (#967)
The Disciplined Investor
Andrew Horowitz and guests - Frank Curzio, Ben Hunt, Barry Ritholtz, Leo Laporte, Keith McCullough, TDI
4.4 • 705 Ratings
🗓️ 5 April 2026
⏱️ 71 minutes
🧾️ Download transcript
Summary
Sitting on hands – maybe a good idea right now.
Confidence vs. courage in your investment process.
A look at Q1 markets and economics.
Thomas Thornton, Hedge Fund Telemetry is this week’s guest.
NEW! DOWNLOAD THE AI GENERATED SHOW NOTES (Guest Segment)
Thomas Thornton is a former portfolio manager, senior trader, and technical analyst with Level Global Investors and Galileo Capital. Tom has written a daily market note for a select group of hedge fund managers for years and now has offered it for all investors with Hedge Fund Telemetry. His long term focus on sentiment indicators borders on the obsessive. Our growing team at Hedge Fund Telemetry is comprised of current and former buy and sell side individuals.
Hedge Fund Telemetry was first conceived with inspiration from Tom’s lifelong passion following Formula 1 racing. In the early 90’s, Formula 1 teams started to equip cars with sensors on every imaginable component and data was relayed wirelessly through telemetry to the pits to analyze and then instructions from the pits were relayed back to the driver so he could make changes to find the optimal balance for the car. It has always been the same way for Tom, as a senior trader at his hedge fund, he would get in early, collect data from many sources, analyze that data, and then communicate information out to his firm so his team could properly balance the firm’s portfolio. It’s now our goal to relay that same type of information so that one can also gain that edge.
Check this out and find out more at: http://www.interactivebrokers.com/
Looking for style diversification? More information on the TDI Managed Growth Strategy – HERE
Stocks mentioned in this episode: (AAPL), (USO), (MSFT), (GLD), (SLV), (EWY)
Transcript
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| 0:00.0 | This episode of The Discipline Investor is sponsored by Interactive Brokers, and here is something to think about. |
| 0:06.0 | Will U.S. oil production exceed 14.1 million barrels per day for June 2006? |
| 0:14.3 | At IBKR prediction markets, the yes recently traded at 35 cents, while the no traded at 63 cents, but markets can change |
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| 0:29.5 | prediction-style contracts, where prices reflect probability. Explore trending data, spot the |
| 0:35.5 | trends, and if you get your prediction right, you can earn $1 per contract at settlement. |
| 0:41.1 | Plus, you'll earn 3.14% APY on your investment with an interest-like incentive coupon, and you get $3 for signing up with IBKR prediction markets, which you can use for any purpose or to start trading. |
| 0:55.1 | Prediction contracts are not suitable for all investors. |
| 0:57.4 | Go to IBKR.com slash predict and turn your views into IBKR prediction contracts today. |
| 1:07.6 | The last trading day for this contract is August 31st. |
| 1:12.9 | The Disciplined Investor is all about you, your money, and the markets. Sit back and get |
| 1:18.6 | ready for this edition of The Disciplined Investor Podcast. This episode of The Discipline Investor |
| 1:25.8 | is sponsored by Horowitz & Company. |
| 1:28.2 | If you're looking for a portfolio manager, look no further. |
| 1:31.8 | Horowitz and Company, from seed through harvest, cultivating financial success. |
| 1:42.2 | Sitting on hands may be a good idea right now. |
| 1:45.8 | Confidence versus courage, something we'll discuss. |
| 1:48.8 | And a look at Q1, an insider's take. |
| 1:53.5 | Our guest today, Thomas Thornton, from hedge fund telemetry, all this and much more on episode number 967 of the Disciplined Investor |
| 2:03.2 | podcast. |
| 2:21.5 | Hey, hey, hey, Andrew Horowitz here. |
| 2:26.5 | Welcome to April of 2006, the second quarter of this year. |
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