300 episodes

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com

Top Traders Unplugged Niels Kaastrup-Larsen

    • Business
    • 5.0 • 41 Ratings

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com

    IL01: Turning Water Into Wine with Diversification ft. Antti Ilmanen

    IL01: Turning Water Into Wine with Diversification ft. Antti Ilmanen

    In today’s episode, Antti Ilmanen, author and Global co-head of the Portfolio Solutions Group at AQR Capital Management, joins us to discuss key learnings from his new book, “Investing Amid Low Expected Returns”. We break down why commodities are crucial for generating returns in periods of high inflation and how to manage risk through diversification. We also discuss portfolio construction and whether bonds are still valuable in a diversified portfolio, market timing and how to balance emerging markets and developed markets in your investment strategy, why a diversified blend of risk premia is advantageous and finish off highlighting potential pitfalls of using long-term data and much more.
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    Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here).
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
    Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating and Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
    Follow Kevin on https://twitter.com/kcold1 (Twitter).
    Follow Antti on https://www.linkedin.com/company/aqr-capital-management (LinkedIn) and https://www.amazon.com/gp/product/B09Y2JK2WF/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 (read his book).
    Episode TimeStamps:
    00:00 - Intro
    03:36 - About Antti’s book, “Investing Amid Low Expected Returns”
    15:22 - The importance of commodities, especially during inflationary times
    21:36 - What’s up with bonds?
    30:06 - Emerging markets vs. high beta
    38:40 - Alternative risk premia...both Alpha and Beta like
    47:00 - The idea of valuation spreads and crowding concerns
    52:04 - The defensive bucket...getting rid of the junk
    01:02:16 - Summary by Kevin and Niels
    
    Copyright © 2022 – 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. https://www.toptradersunplugged.com/resources/ebooks/ (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! https://www.toptradersunplugged.com/resources/market-trends/ (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. https://www.toptradersunplugged.com/resources/ (Click Here)
    https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy)
    https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

    • 1 hr 6 min
    SI198: Trend Following wearing Loose Pants ft. Jerry Parker

    SI198: Trend Following wearing Loose Pants ft. Jerry Parker

    Today, we are joined by Jerry Parker to discuss how recessions affect current trends and returns for Trend Followers, how to use ATR to determine the initial stop and when to switch to using a trailing stop for your position. We also discuss if it's possible to achieve comparable performance when investing through a public or private fund. Finally we turn to a few imporant topics like how “alts” or "alternatives" mean different things to different people, the Commodity Super Cycle and how it can create a false narrative, how Trend Following adapts to market regimes and much more.
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    Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here).
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
    Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating and Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
    Follow Jerry on https://my.captivate.fm/@RJParkerJr09 (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    01:57 - Market overview
    09:42 - Q1, Andre: What to expect after a good run in Trend Following returns
    13:51 - Q2, Ryan: How to use Average True Range (ATR)
    27:05 - Q3, David: Performance in public mutual funds vs. offshore funds
    32:07 - Q4, Paul: When to switch from Initial to Trailing stop and sizing your position
    39:56 - Q5, Victor: How did Jerry manage to give back 200 ATRs in TESLA?
    47:17 - Q6, Victor: How to Allocate your Risk Budget to avoid running out of cash?
    53:41 - The different meatnings of “Alts” when it comes to investing
    01:02:04 - Commodity Super Cycles - a false narrative?
    01:09:51 - How Trend Following adapts to ever chaning market regimes
    01:13:02 - What to expect from Trend Following in the long run
    01:18:37 - Industry performance update

    Copyright © 2022 – 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. https://www.toptradersunplugged.com/resources/ebooks/ (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! https://www.toptradersunplugged.com/resources/market-trends/ (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. https://www.toptradersunplugged.com/resources/ (Click Here)
    https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy)
    https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

    • 1 hr 21 min
    GM20: Bitcoin & The Great Power Shift ft. Nathaniel Whittemore

    GM20: Bitcoin & The Great Power Shift ft. Nathaniel Whittemore

    Nathaniel Whittemore, aka NLW, creator and host on The Breakdown podcast, joins us in today’s episode to discuss the big power shifts and social changes that are taking place in the world right now, the limits of Central Banks to handle inflation, the future of Crypto and how it impacts the social dynamics of society. We also discuss the dark sides of Bitcoin, regulation of the Crypto space and its potential pitfalls and much more.
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    ----
    Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here).
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
    Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating and Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
    Follow Cem on https://twitter.com/jam_croissant (Twitter).
    Follow Nathaniel on https://twitter.com/nlw?lang=en (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    03:05 - How Nathaniel ended up creating The Breakdown
    05:30 - Big power shifts taking place right now
    08:22 - Is the FED losing control?
    18:38 - The future of Crypto
    38:19 - The dark sides of Bitcoin
    01:02:23 - A Bitcoin liquidation...could it happen?
    01:07:13 - Regulating crypto...the pros and the cons
    01:25:04 - Final thoughts
    
    Copyright © 2022 – 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. https://www.toptradersunplugged.com/resources/ebooks/ (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! https://www.toptradersunplugged.com/resources/market-trends/ (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. https://www.toptradersunplugged.com/resources/ (Click Here)
    https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy)
    https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

    • 1 hr 26 min
    SI197: Why Trend Following Works...Especially Now ft. Mark Rzepczynski

    SI197: Why Trend Following Works...Especially Now ft. Mark Rzepczynski

    In today’s episode, Mark Rzepczynski joins us to discuss a listener question regarding different ways of adding capital and adjusting position size. We also take a deep dive into the latest research paper from Aspect Capital, which discuss the Great Repricing of Risk and why Trend Following strategies are advantageous in times of crises, dislocation of markets and how shocks in markets affect behaviour and performance. We also talk about the difference between unpredictable and predicable inflation and what this mean for investors, how people may start to lose confidence in the Central Banks and much more.
    ----
    ----
    Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here).
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
    Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating and Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
    Follow Mark on https://twitter.com/mrzepczynski (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    02:33 - Weekly overview
    13:24 - Q1, Kyle: How to adjust position size, when adding capital
    25:12 - The Great Repricing of Risk...and what this mean for you as an investor
    35:25 - The different effects of large market shocks vs. many mini shocks
    44:33 - What the future holds and if it will resemble the 1940s or the 1970s
    51:44 - Losing confidence in Central Banks...the Micro and Macro impact
    01:02:32 - Long term vs short term strategies...which will perform best in a volatile world?
    01:11:50 - Industry performance update

    Copyright © 2022 – 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. https://www.toptradersunplugged.com/resources/ebooks/ (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! https://www.toptradersunplugged.com/resources/market-trends/ (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. https://www.toptradersunplugged.com/resources/ (Click Here)
    https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy)
    https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

    • 1 hr 15 min
    GM19: Brace Yourself for Dramatic Market Moves ft. Peter Atwater

    GM19: Brace Yourself for Dramatic Market Moves ft. Peter Atwater

    In today’s episode, Peter Atwater, author and adjunct professor of Economics at William and Mary, joins us to discuss socionomics and why media is a great mirror of mood, how confidence in Central Banks relates to the level of interest rates, “stacked vulnerability” and how it runs the potential of creating exhaustion, inequality and the battle between the top and the bottom of society. We also discuss how the current inflation creates false expectations and why we might see a violent move in market prices, how deglobalization is a consequence of a change in social mood, ways to implement a more confidence driven decision making investment strategy and much more.
    ----
    ----
    Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here).
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
    Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating and Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
    Follow Cem on https://twitter.com/jam_croissant (Twitter).
    Follow Peter on https://twitter.com/peter_atwater (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    03:05 - Peter’s background
    05:36 - Why socionomics is important to understand and follow
    14:27 - How to determine the Confidence in Central Banks
    17:26 - Accumulated exhaustion, what this means
    25:35 - Crypto - a betrayal?
    37:55 - Expected and Un-Expected Inflation - a sign of Scarcity
    46:01 - A potential massive market Cycle Top?
    51:33 - Heading towards deglobalization
    01:02:54 - Global Fragmentation
    01:12:24 - Confident decision making
    01:16:21 - Thanks for listening
    
    Copyright © 2022 – 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. https://www.toptradersunplugged.com/resources/ebooks/ (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! https://www.toptradersunplugged.com/resources/market-trends/ (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. https://www.toptradersunplugged.com/resources/ (Click Here)
    https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy)
    https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

    • 1 hr 17 min
    SI196: Where Next for Trend Following? ft. Rob Carver

    SI196: Where Next for Trend Following? ft. Rob Carver

    Today, Rob Carver joins us to discuss recent events in the world of Trend Following and takes questions from listeners regarding what it takes to do Trend Following full-time and how much capital is needed to do so. We also discuss potential benefits of adding a mean reversion system on a short term time frame and exploring trend following in spreads, what Rob thinks of trading alternative markets, how to mitigate the pain from false breakouts and how to select a universe of stocks to apply your existing rules. Finally, we break down the latest research paper from AHL dealing with the outlook of Trend Following, how Trend Following perform in crisis periods, in periods of rising interest rates and much more.
    ----
    ----
    Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (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 https://www.toptradersunplugged.com/Ultimate (here).
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
    Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating and Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
    Follow Rob on https://my.captivate.fm/@InvestingIdiocy (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    03:14 - Market recap
    05:51 - What has caught Rob’s attention recently?
    13:35 - Q1, Ben: Going Full-Time a a Trend Follow - How much capital do I need?
    22:16 - Q2, Gambit: Should I add a Mean Reversion and Spread Trading model?
    31:47 - Q3, Younggotti: Alternative assets and markets - do they help?
    36:44 - Q4, FluffyDunny: How to best avoid False Breakouts
    39:36 - Q5, Mendel: How to select your universe of stocks to trade
    44:37 - AHL Paper: Gaining Momentum - Where Next for Trend Following?
    01:07:22 - Bloomberg article
    01:10:00 - Industry performance update
    https://www.man.com/maninstitute/gaining-momentum-trend (LINK Gaining Momentum: Where Next for Trend-Following?)

    Copyright © 2022 – 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. https://www.toptradersunplugged.com/resources/ebooks/ (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! https://www.toptradersunplugged.com/resources/market-trends/ (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. https://www.toptradersunplugged.com/resources/ (Click Here)
    https://www.toptradersunplugged.com/legal/privacy-policy/ (Privacy Policy)
    https://www.toptradersunplugged.com/disclaimer/ (Disclaimer)

    • 1 hr 13 min

Customer Reviews

5.0 out of 5
41 Ratings

41 Ratings

DaveW Aus ,

Get to the Real Stuff

This is easily the best series I've found from real traders who have serious AUM sharing their experiences and insights with the rest of us. I appreciate the generosity of the host and guests in sharing their real experiences and insights freely. There's no pretension, no grandiose promises, just honest, insightful and mature reflections from people who've had years of experience in the industry. Every episode is a treasure trove.

CaptUndetpants ,

My new favorite

This podcast really does give an honest and upfront insight into the professional traders experience and practices.
They are an inspiration for me to succeed and and a salve to help me through drawdowns!

LKM Aus ,

Excellent Podcast

This podcast series is an honest look at the ups and downs of systematic trading from a professional trader's standpoint, with applications for both professional and retail traders. The hosts and guests are extremely knowledgeable. This has been a core resource each week in my trading education for many years.

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