VOL11: The Anatomy of a Trade ft. Alex Gurevich
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 16 March 2022
⏱️ 62 minutes
🧾️ Download transcript
Summary
In this episode Hari is joined by Alex Gurevich, author, PhD in mathematics and founder of HonTe Investments, to discuss how he values bonds differently to many investors today, how to build a balanced portfolio, the many ways to loose money when buying an option (even if you are "kinda" right) as well as how he makes decisions as a trader, how to manage stress and keep a healthy lifestyle as a hedge fund manager and what the future of the global financial markets may look like.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In this episode, we discuss:
- How different types of bonds are valuated
- The pattern in how many times the FED tends to move rates, once they begin
- Why Rate cycles are getting shorter (in time)
- Why Alex believes that the FED should not raise rates before reducing their balance sheet
- Alex playbook for the Ukrainian crisis: Oil could collapse to $40 and Rates could go back to zero
- How your performance can end up defining who you are (if you are not careful)
- The synchronisation of the central banks and how the future might look for the global financial market
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Episode TimeStamps:
00:00 - Intro
02:42 - Introduction to Alex and his background
07:20 - How Alex think about bonds
16:37 - Have bonds become more important since 2008?
18:15 - Making decisions as a trader, and handling victories and defeats
28:01 - Why did Alex go into dividend futures during Covid crisis?
33:41 - What Alex would have done if the FED had not stepped in during the Covid crisis
35:40 - How manager can feel that their performance defines who they are
41:27 - The synchronization of central banks and the affect on rates
48:59 - What’s going to happen with the FED going forward?
54:05 - Rounding off and overview of Alex’s books
59:38 - Thank you for listening
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | I have noticed that every few years something happens. |
| 0:10.0 | And it's something that you could not have predicted. |
| 0:12.0 | It's always something happens. |
| 0:14.0 | And no one would think that that would be the war in Europe. |
| 0:18.0 | Like if somebody asked me that the next thing that's going to happen, that's going to really put us into a weird and properly understood environment, that that would be the war, breaking out full-scale war in Eastern Europe. |
| 0:29.6 | Like, I wouldn't have, maybe some people would have thought that, I wouldn't have. |
| 0:31.6 | And even when the war was kind of looming, when the tensions were rising, I wouldn't be the one to say, |
| 0:37.8 | well, this is what's going to dictate the direction of global financial markets. |
| 0:41.8 | Imagine spending an hour with the world's greatest traders. |
| 0:46.8 | Imagine learning from their experiences, their successes, and their failures. |
| 0:51.3 | Imagine no more. |
| 0:53.3 | Welcome to Top Traders Unplugged, |
| 0:55.8 | the place where you can learn from the best hedge fund managers in the world |
| 0:59.3 | so you can take your manager, due diligence, or investment career to the next level. |
| 1:04.2 | Before we begin today's conversation, |
| 1:06.1 | remember to keep two things in mind. |
| 1:08.2 | All the discussion we'll have about investment performance is about the |
| 1:11.2 | past, and past performance does not guarantee or even infer anything about future performance. |
| 1:16.9 | Also understand that there's a significant risk of financial loss with all investment strategies, |
| 1:21.6 | and you need to request and understand the specific risks from the investment manager about |
| 1:26.0 | their product before you make investment |
| 1:27.9 | decisions. Here's your host, veteran hedge fund manager, Niels Kostrup Larson. |
... |
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