OI19: The Trader Who Never Spoke...Until Now ft. David Druz

OI19: The Trader Who Never Spoke...Until Now ft. David Druz

Dave Druz has never told his story... not like this, not anywhere. For over 40 years, he traded quietly, systematically, and on his own terms. No marketing, no headlines, no need to explain. Until now. In this unique conversation with Moritz Seibert, Dave - Ed Seykota’s first apprentice - shares how he built his approach, why he never identified as a trend follower, and what matters when your edge comes from standing opposite commercial hedgers. He explains why portfolio construction outranks entries, why volatility is the price of real risk, and why staying small was a choice, not a limitation. From medicine to markets, from apprenticeship to independence, this isn’t just how he traded - it’s why he stayed silent, and why he’s speaking now.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

-----


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 Portfoliohere.

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 Moritz on Twitter.

Read more about David.

Episode TimeStamps:

02:11 - Introduction to Dave Druz

13:50 - Druz' time in the Commodities Corporation

19:14 - How did Druz discover trend following?

23:57 - The core philosophy behind Druz' trend following strategy

28:08 - Who wins and loses in the markets?

37:37 - Determining hedging flows in commodity markets

41:03 - Managing money in trend following

43:40 - How does Druz size a position and get out of it?

45:16 - Coping with a high level of volatility

50:23 - Mitigate drawdown or take the ride?

55:20 - Put your affection on portfolio selection

58:19 - Mastering systems

59:50 - Druz' approach to market selection

01:08:33 - Sizing signals optimally

01:12:43 - A new way of running an investing business

01:19:24 - Creating a personalized portfolio with an edge

01:28:36 - Why Tactical is no longer a business

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(929)

TTU73: He sees Dow Jones going to 32,000 ft. Mahendra Sharma of Financial Astrology – 1of2

TTU73: He sees Dow Jones going to 32,000 ft. Mahendra Sharma of Financial Astrology – 1of2

Welcome to an episode of Top Trader’s Unplugged unlike any other. We take a break from interviews with hedge fund managers and invite you into the fascinating world of financial astrology. Mahendra Sh...

21 Helmi 20151h 12min

TTU72: Adding Value to Your System ft. Mike Shell of Shell Capital Management – 2of2

TTU72: Adding Value to Your System ft. Mike Shell of Shell Capital Management – 2of2

In the second part of our talk with Mike Shell, we delve into the specifics of his program and why most of his clients have 100% of their investments with his firm. He discusses backtesting, risk mana...

12 Helmi 20151h 11min

TTU71: Why You Don’t Want Symmetry in Investing ft. Mike Shell of Shell Capital Management – 1of2

TTU71: Why You Don’t Want Symmetry in Investing ft. Mike Shell of Shell Capital Management – 1of2

Most trend following firms have clients that invest somewhere between 2 and 20% of their portfolio with that firm, but Mike Shell’s firm is different. His strategy is tailored to a specific customer, ...

9 Helmi 20151h 10min

TTU70: Market Intervention & The Effect on Trend Following ft. Marc Malek of Conquest Capital Group

TTU70: Market Intervention & The Effect on Trend Following ft. Marc Malek of Conquest Capital Group

In this year-end review, Marc Malek explains why intervention in the markets affects trend following, but also why trend following strategies are not long volatility strategies. He discusses 2014 from...

5 Helmi 201536min

TTU69: Staying Agnostic in Your Allocation ft. Martin Lueck of Aspect Capital

TTU69: Staying Agnostic in Your Allocation ft. Martin Lueck of Aspect Capital

This year in review covers how Aspect Capital came out of 2014 with their best year ever as a company, and what they learned from the year. Martin Lueck discusses the events that made 2014 a roller co...

4 Helmi 201535min

TTU68: Keep The Long Term View in Mind When Investing ft. Mike Dever of Brandywine Asset Management

TTU68: Keep The Long Term View in Mind When Investing ft. Mike Dever of Brandywine Asset Management

On our next year-in-review, Mike Dever talks about how 2014 evolved for his firm and what they learned from the year. He discusses the changes they made to their program as well as the recent Swiss Fr...

1 Helmi 201527min

TTU67: Institutional Investors and CTAs: A Look Forward ft. Aref Karim of Quality Capital Management

TTU67: Institutional Investors and CTAs: A Look Forward ft. Aref Karim of Quality Capital Management

Aref Karim has been on the institutional investing side and the fund manager side for many years, so he has some great insights into how each group thinks and ways they can understand each other bette...

29 Tammi 201535min

TTU66: Trade Innovation for the future ft. Luc van Hof of Capital Hedge

TTU66: Trade Innovation for the future ft. Luc van Hof of Capital Hedge

In this year-end review, Luc van Hof discusses what he learned from 2014 and how his firm innovated to create better gains for customers in 2015. He also talks about the Swiss Franc and why he was not...

28 Tammi 201538min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
rss-rahapodi
mimmit-sijoittaa
psykopodiaa-podcast
rss-oivalluksia-rahasta-elamasta
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rahapuhetta
rss-viisas-raha-podi
rss-sami-miettinen-neuvottelija
sijoituspodi
hyva-paha-johtaminen
rss-lahtijat
rss-sisalto-kuntoon
rss-yritys-ja-erehdys
inderespodi
lakicast
rss-paasipodi
rss-asiakaskokemusklubi