1 hr 23 min
SI98: The secret to John. W. Henry's (owner of Liverpool FC and Boston Red Sox) success ft. Mark Rzepczynski Top Traders Unplugged
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- Investing
Today, we’re delighted to welcome Mark Rzepczynski onto the show to discuss his time working with John W. Henry and what J. W. Henry’s ‘secret weapon’ was, the most effective way to gain downside protection, how to overcome behavioural biases in investing, how diversification can reduce profitability during huge trends, how to effectively make the case for Trend Following to potential investors, where returns dispersion among CTAs is stemming from, and one of our favourite topics: how many markets in a portfolio is too many?
Check out Mark’s blog here.
If you would like to leave us a voicemail to play on the show, you can do so here.
Learn more about the Trend Barometer here.
IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book "The Many Flavors of Trend Following" here.
Send your questions to info@toptradersunplugged.com
Follow Niels, Moritz & Mark on Twitter:
@TopTradersLive, @MoritzSeibert, & @MRzepczynski
And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast.
Episode Summary
0:00 - Intro
1:14 - Macro recap from Niels
2:53 - Weekly review of returns
5:55 - Niels: Can you tell us about your journey to where you are today?
10:24 - Niels: Do you think John Henry’s success in sports can be partly down to his previous Trend Following methodologies?
12:18 - Niels: How do think we as humans overcome our behavioural biases in investing?
14:32 - Moritz: To what extent do systematic CTAs need laser-like focus, compared to others?
17:57 - Moritz: How did the day-to-day business of John W. Henry run?
21:00 - Niels: What led to John W. Henry eventually dissolving his firm, and what have leading CTAs today, who have been around since then, done right to still be successful?
29:02 - Moritz: How many markets in a trading system are too many?
42:06 - Niels to Moritz: How do you really benefit from correlation-based position sizing?
49:35 - Mark to hosts: How do you utilise momentum ranking in your portfolios?
55:45 - Niels: Where do you think returns dispersion among CTAs stems is stemming from?
57:21 - Moritz: What can be done better, in terms of selling a strategy to potential clients?
1:10:16 - Niels: How do you get so many ideas for content for your blog?1:12:32 - Niels: Do you have specific times of the day to do your writing?1:13:55 - Moritz: Why is the concept of convexity so popular nowadays?
1:18:06 - Niels: What is the best downside protection, in your opinion?
1:23:05 - Performance recap
Subscribe on:
Today, we’re delighted to welcome Mark Rzepczynski onto the show to discuss his time working with John W. Henry and what J. W. Henry’s ‘secret weapon’ was, the most effective way to gain downside protection, how to overcome behavioural biases in investing, how diversification can reduce profitability during huge trends, how to effectively make the case for Trend Following to potential investors, where returns dispersion among CTAs is stemming from, and one of our favourite topics: how many markets in a portfolio is too many?
Check out Mark’s blog here.
If you would like to leave us a voicemail to play on the show, you can do so here.
Learn more about the Trend Barometer here.
IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book "The Many Flavors of Trend Following" here.
Send your questions to info@toptradersunplugged.com
Follow Niels, Moritz & Mark on Twitter:
@TopTradersLive, @MoritzSeibert, & @MRzepczynski
And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast.
Episode Summary
0:00 - Intro
1:14 - Macro recap from Niels
2:53 - Weekly review of returns
5:55 - Niels: Can you tell us about your journey to where you are today?
10:24 - Niels: Do you think John Henry’s success in sports can be partly down to his previous Trend Following methodologies?
12:18 - Niels: How do think we as humans overcome our behavioural biases in investing?
14:32 - Moritz: To what extent do systematic CTAs need laser-like focus, compared to others?
17:57 - Moritz: How did the day-to-day business of John W. Henry run?
21:00 - Niels: What led to John W. Henry eventually dissolving his firm, and what have leading CTAs today, who have been around since then, done right to still be successful?
29:02 - Moritz: How many markets in a trading system are too many?
42:06 - Niels to Moritz: How do you really benefit from correlation-based position sizing?
49:35 - Mark to hosts: How do you utilise momentum ranking in your portfolios?
55:45 - Niels: Where do you think returns dispersion among CTAs stems is stemming from?
57:21 - Moritz: What can be done better, in terms of selling a strategy to potential clients?
1:10:16 - Niels: How do you get so many ideas for content for your blog?1:12:32 - Niels: Do you have specific times of the day to do your writing?1:13:55 - Moritz: Why is the concept of convexity so popular nowadays?
1:18:06 - Niels: What is the best downside protection, in your opinion?
1:23:05 - Performance recap
Subscribe on:
1 hr 23 min