One of the best shows I’ve listened to, Meb! Thanks to Eric and Jason as well. All of you are varying shades of the same trend color and it illustrates great things for us retail investors. I think you’ve found your new podcast content. Please have them all come back soon
The conversation became a lot more useful in the second half. So Meb did a great job just letting the conversation continue, and ended up with an extra long episode. If he had stopped it when time was up, we wouldn't have the same quality. Good call!
Great show. I'd love to have more investments in trend following, realistically I find it hard to swallow fees that almost match the returns. Esp now bills pay well.
Meb, would love to see you interview David Dredge in a format like this - I think he has a very interesting and compelling framework around building convex portfolios but the blind spot seems to be around periods like 2022 where long GDP risk assets do poorly in a low vol environment where long vol/tail risk hedges won't positively contribute. Would be interested to see him have a discussion of his portfolio concepts with folks in the trend following community.
The thing I don't understand about all this back-testing and saying "that wouldn't have worked in the 1970's" is we have a very different Federal Reserve and gov't attitude now than we did back then.
What about keeping a portion of the portfolio in trend-following until a long downturn begins, then dollar cost average out of trend-following as the market sinks. Once things have recovered, put a portion of the portfolio into trend following again. Get the benefit trend-following softening the downward slope of the overall portfolio without keeping it all on hand for the recovery, when trend following will underperform
I usually like your show. Knowledge-based. But I'm rather disappointed about the tone in this ep. You guys were talking about clients like they're dumb infants. I know, I know. People hate vol and get scared. So you guys must have some herding skills. But if I were a potential client listening to you here. Would be massively put off. Otherwise keep up the good work.
Are you kidding? As someone who is thinking how I can help my clients best, this is a gold mine. As a consumer of Meb's content, I'm grateful I don't have to hear the politically correct version. I do get what you mean, and you were very kind in your criticism of them, but for me, this was extremely useful, so my reaction was the exact opposite of yours.
One of the best shows I’ve listened to, Meb! Thanks to Eric and Jason as well. All of you are varying shades of the same trend color and it illustrates great things for us retail investors. I think you’ve found your new podcast content. Please have them all come back soon
best to part with your money
This is the best trend following chat I have heard on a podcast recently.
The conversation became a lot more useful in the second half. So Meb did a great job just letting the conversation continue, and ended up with an extra long episode. If he had stopped it when time was up, we wouldn't have the same quality. Good call!
It was great to see Eric on the show again.
Excellent, thought provoking discussion. Thanks guys.
13:20 I must see this query results!!
Great show. I'd love to have more investments in trend following, realistically I find it hard to swallow fees that almost match the returns. Esp now bills pay well.
Fun episode 🎉
Always get valuable insights from this podcast
Excellent information!
Meb, would love to see you interview David Dredge in a format like this - I think he has a very interesting and compelling framework around building convex portfolios but the blind spot seems to be around periods like 2022 where long GDP risk assets do poorly in a low vol environment where long vol/tail risk hedges won't positively contribute. Would be interested to see him have a discussion of his portfolio concepts with folks in the trend following community.
Audio Fellatio.....hmm interesting phrase to use. That's a podcast first for Meb's show I would think.
The thing I don't understand about all this back-testing and saying "that wouldn't have worked in the 1970's" is we have a very different Federal Reserve and gov't attitude now than we did back then.
What about keeping a portion of the portfolio in trend-following until a long downturn begins, then dollar cost average out of trend-following as the market sinks. Once things have recovered, put a portion of the portfolio into trend following again.
Get the benefit trend-following softening the downward slope of the overall portfolio without keeping it all on hand for the recovery, when trend following will underperform
I usually like your show. Knowledge-based. But I'm rather disappointed about the tone in this ep. You guys were talking about clients like they're dumb infants. I know, I know. People hate vol and get scared. So you guys must have some herding skills. But if I were a potential client listening to you here. Would be massively put off. Otherwise keep up the good work.
Are you kidding? As someone who is thinking how I can help my clients best, this is a gold mine. As a consumer of Meb's content, I'm grateful I don't have to hear the politically correct version.
I do get what you mean, and you were very kind in your criticism of them, but for me, this was extremely useful, so my reaction was the exact opposite of yours.
@nadialarsson4577 you are 100% on the money (no pun intended) with your comment
This is all idle chatter.
They literally just handed you the keys to the kingdom in this episode
That lad talks too fast