Trading Your Personality
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 18 April 2022
⏱️ 69 minutes
🧾️ Download transcript
Summary
Wayne founded the investment advisory firm in 2011. Throughout his 25-year career, he has developed and refined his quantitative-trading methods, risk, and portfolio-management processes. A self-proclaimed "quant trader," Wayne uses advanced mathematics to help identify moneymaking opportunities in both good times and bad.
So in today's unforgiving market environment, he's a valuable guide for novice and veteran investors alike.
When asked to define himself as an investor, Wayne emphasizes how investing should be thought of as "trading your personality." You should invest in a way that aligns with how you see and understand the world...
What's funny to me is that people get really... rigorous about their view. If somebody, for example, is not very mathematical and they deeply believe in the fundamentals – understanding the company and talking to management and the whole other side of the world of investing – then I've seen, in that framework, them looking down on the quantitative side... like the two worlds have to be bifurcated...
Everybody's entitled to be who they are and trade that way. You're going to do better being yourself... Why do you have to speak or look badly at the way other people choose to express their personality in the markets?
Dan and Wayne dig deep into "familiar market signals," including how to best utilize them for your investing style. They also discuss the importance and influence of market bubbles, the pressures of news headlines on investing, and the need to explore and remain curious as a modern-day investor.
Transcript
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| 0:00.0 | Hello and welcome to the Stansberry Investor Hour. |
| 0:12.0 | I'm your host, Dan Ferris. |
| 0:13.5 | I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:18.5 | Today we'll talk with Wayne Himmelsign. |
| 0:20.3 | He is the Chief Investment Officer and co-founder of Logica funds. |
| 0:24.9 | Very interesting guy, great investor, can't wait to talk with him. In the mailbag today, |
| 0:32.1 | two Lodovic H questions and Moby Dick. And remember, you can call our listener feedback line, |
| 0:38.6 | 800 381-2357. Tell us what's on your mind and hear your voice on the show. For my opening |
| 0:44.9 | rant this week, let's talk about cargo cult investing. That and more right now on the |
| 0:52.0 | Stansberry Investor Hour. |
| 1:07.3 | So what in the world is cargo cult investing? |
| 1:13.7 | Well, when I talked about Wayne Hillside, who we're going to speak with in our interview today, I mentioned Richard Feynman. I think Wayne is the Richard Feynman of quantitative investors. |
| 1:19.4 | Richard Feynman was a famous physicist. He was the guy, he's most famous for being the guy who |
| 1:26.2 | figured out what brought down the Challenger Space |
| 1:30.4 | Shuttle. |
| 1:32.3 | And it's, if you Google Richard Feynman, Challenger Space Shuttle, you'll find the whole |
| 1:37.5 | story. |
| 1:38.5 | And it was a very ingenious little demonstration that he gave. |
| 1:41.6 | So he's just a famous physicist, and he's got a lot of books that I highly |
| 1:45.3 | recommend. Anything written by Feynman that you can find on Amazon, I would definitely |
| 1:50.6 | recommend it. And today, we're going to talk about a story that he tells that's reprinted |
| 1:55.9 | in a book called The Pleasure of Finding Things Out, the Best short works of Richard Feynman. |
... |
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