Top Traders Unplugged21 Maalis 2021

SI132: Overcoming Recency Bias for Better Decision Making ft. Mark Rzepcyznski

Mark Rzepczynski joins us today to discuss Jerome Powell’s recent speech and how central banks can often confuse markets, the potential of Artificial Intelligence in systematic investing, whether or not holding government bonds is a good idea, the recent rise in interest rates and what it means for the stock market, the relationship between correlations and volatility, why policy makers should avoid trying to engineer future expectations, how recency-bias affects our decision making, complexity versus complicatedness, robotic systematic investing versus human discretionary investing, how to tell the difference between a systematic and discretionary trader by looking at returns only, and why ‘low-cost’ funds can often end up being more expensive than normal.

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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:

Whether artificial intelligence has a place in systematic investing
Interest rates and their effects on the trading markets
How correlations can increase volatility
The benefits of a more 'hands-off' approach to policy-making
The common perils of 'recency bias'
Spotting a discretionary trader just by looking at returns
The hidden costs behind supposed 'low cost' funds

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Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Mark on Twitter.

Episode TimeStamps:

00:00 – Intro

03:14 – Macro recap from Niels

06:36 – Weekly review of performance

57:46 – Q1; Mike: How useful do you find capture ratios when analysing performance?

1:08:29 – Q2; Andy: What do you think about utilising a CTA or Trend Following ETF?

1:14:42 – Q3; Craig: Do you think CTAs are missing out by not trading small-cap crypto, and do you think they will eventually?

01:24:03 – Benchmark performance update

01:12:25 – Recommended listening or reading this week: Howard Marks’ latest memo

01:25:25 – Recommended listening or reading this week: MacroVoices Podcast featuring Juliette Declercq

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

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Jaksot(946)

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