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
    • 4.8 • 425 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

    SI211: A Trend Following Renaissance? ft. Mark Rzepczynski

    SI211: A Trend Following Renaissance? ft. Mark Rzepczynski

    Today, Mark Rzepczynsky joins after an intense week for central banks and global markets. We discuss how the current situation affects us as Trend Followers and the potential systemic risks in the futures exchange community in case of a global financial reset event and how we can use what we learned during the pandemic to tackle the issues of liquidity. We also discuss the difference between CTAs and Trend Followers and why the big investment banks should support their trend following clients...instead of trying to front-run our signals. We debate the global fixed income markets and how central banks create the foundation of a global recession, how what we are experiencing now in terms for trendiness in the markets may just be the beginning, why people who have a need for closure don’t do well with uncertainty 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 Mark on https://twitter.com/mrzepczynski (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    02:23 - Key events from this week?
    11:15 - Industry performance update
    16:25 - Q1, Matthew: The potential risks for trend funds in a global reset event?
    25:18 - Research paper from UBS about CTAs and quant strategies
    39:55 - Digging into the global fixed income markets
    44:44 - Strong US Dollar and intervention in the Yen market
    49:29 - Is the panic yet to come?
    55:02 - Closure and dealing with uncertainty
    01:03:15 - 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 5 min
    GM23: The Wars of Capital ft. Michael Howell

    GM23: The Wars of Capital ft. Michael Howell

    Today, we are joined by Michael Howell, Author and Managing Director of Crossborder Capital, for a conversation on how liquidity drives financial markets, based on his book, “Capital Wars: The Rise of Global Liquidity”. We address term premia and the impact it has on the economy, the off-shore market, how Central Banks have become the dominant players over the last decade and the capital war between China and the U.S. We also discuss what might happen if the global economy becomes divided into two worlds, where one is financed by the U.S. dollar and the other financed by the Chinese Yuan and the increasing networking risk and risk of crises within the financial system, the different types of liquidity and the recipe for creating a strong dollar 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 Michael on https://www.linkedin.com/in/michael-howell-357b1416/?originalSubdomain=uk (Linkedin) and https://www.amazon.com/Capital-Wars-Rise-Global-Liquidity/dp/3030392872 (read his book).
    Episode TimeStamps:
    00:00 - Intro
    02:51 - Introduction to Michael Howell and his work
    07:38 - How much debt is there globally?
    14:08 - Why is longer-term treasuries desirable?
    16:08 - The off-shore market
    19:56 - The capital war between China and the U.S.
    41:37 - Is the financial system more fragile than we think?
    50:10 - What if the 10-year bond yield blows out rapidly?
    53:59 - What has happened with the offshore short-term market?
    59:55 - The currency space and relative liquidity
    01:02:31 - Comments on the current regime
    01:08:18 - Key takeaways from 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 10 min
    SI210: Trend Following Q & A ft. Rob Carver

    SI210: Trend Following Q & A ft. Rob Carver

    Rob Carver returns after his extended holiday and kicks off by taking a nostalgic look back to 1985 as the British Pounds this week hit the lowest level since that year, to reflect on how markets tend to go in cycles. We also address dynamic optimisation, whether it contributes to make more markets "tradable" and the use of "non-tradable" markets, how Rob uses correlation and clustering for his classification approach and his strategy allocating to Trend Following. Additionally, we discuss techniques for Trend Following on single stocks and determining distances in a continuous MA crossover system, strategies to increase the capacity of a Trend Following program and running multiple different systems together, 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 Rob on https://my.captivate.fm/@InvestingIdiocy (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    03:52 - Key takeaways from the week?
    15:35 - What does the future hold for interest rates and inflation?
    22:52 - Industry performance update
    25:52 - Q1, Joakim: Does dynamic optimisation in itself make more markets tradable?
    32:21 - Q1, Follow-up: About adding "non-tradable" markets
    35:39 - Q2, Kristen: Futures markets and Rob’s classification approach
    43:15 - Q3, Kristoffer: How to treat CTAs? And deciding between allocating to investment-grade corporate bonds or high yield bonds
    49:46 - Q4, Elie: Book recommendations for relevant statistical concepts + why not build a trend following portfolio of single stocks which are optimized for low correlation?
    57:15 - Q4, Follow-up: About determining distance in a continuous MA crossover system
    01:02:11: - Q5, Douggie: What is the capacity of a strategy?
    01:09:04 - Q6, Adam: About running multiple different systems together and splitting risk
    01:13:17 - Q7, Michael: What’s behind Rob’s low trailing vol?
    01:14:16 - Q8, “Toby” (Rob): Can you (Rob) explain your new book?
    01:21:39 - 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

    • 1 hr 23 min
    IL07: Equality Across the Globe can be Achieved ft. Oded Galor

    IL07: Equality Across the Globe can be Achieved ft. Oded Galor

    Today, we are joined by Oded Galor, Professor of Economics at Brown University, for a conversation on how we can explore and uncover new ways of thinking about the economy, based on his book “The Journey of Humanity: The Origins of Wealth and Inequality”. We discuss inequality from a historical aspect and the roots of human behaviour, the Malthusian trap and how the industrial evolution has impacted humanity and how geography, culture and diversity is a key factor in achieving equality. We also address the costs and benefits of diversity within a society and how we need diversity to generate more growth and complex solutions, why China will be left behind due to a lack of cultural fluidity, the process of measuring diversity, how we can improve going forward 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 Kevin on https://twitter.com/kcold1 (Twitter).
    Follow Oded on https://www.linkedin.com/in/oded-galor-b8a90718 (LinkedIn) and https://www.amazon.com/Journey-Humanity-Origins-Wealth-Inequality/dp/0593185994 (read his book).
    Episode TimeStamps:
    00:00 - Intro
    04:00 - Introduction to Oded Galor
    07:29 - Fundamental insights from Galor’s book
    09:49 - From Stagnation to Growth
    21:22 - Education and the labour force
    30:24 - The impact of longer-term structural forces
    40:38 - Can new cultures emerge?
    43:31 - How does diversity impact a society?
    50:08 - Is China falling behind?
    52:09 - How diversity should be measured?
    59:11 - Galor’s advice for moving forward
    01:06:00 - Key takeaways from 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 7 min
    SI209: Trend Following...The Best Way to Surf the Markets ft. Richard Brennan

    SI209: Trend Following...The Best Way to Surf the Markets ft. Richard Brennan

    Richard Brennan joins us for a weekly update on Trend Following, where we discuss why the crisis we experience at the moment might be worse than previous crises, such as what was experienced in the 1970’s. We also discuss the turtle trading method and how ATR can be used for entering and exiting trades, how Richard adjusts his trailing stop according to the price and level of volatility and why simplicity is the most robust solution to deal with complex markets. Additionally, we address how Trend Following can be used as a diversification tool for your portfolio, the principle of return stacking and how it is used in Trend Following, why more people are turning away from the 60/40 portfolio 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 Rich on https://twitter.com/RichB118 (Twitter).
    Episode TimeStamps:
    00:00 - Intro
    02:26 - The stark warning from Niall Ferguson
    07:01 - What happened this week?
    10:35 - Industry performance update
    12:47 - Q1, Irwin: Turtle trading and the use of ATR for position sizing
    23:19 - The relationship between trailing stop and volatility
    32:45 - Simplicity and sticking to your model
    39:32 - Is the 60/40 portfolio outdated?
    53:31 - The principle of return stacking
    01:04:52 - 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 7 min
    ALO11: From Ballet Dancer to CIO ft. Cameron Dawson

    ALO11: From Ballet Dancer to CIO ft. Cameron Dawson

    Today, we are joined by Cameron Dawson, CIO at NewEdge Wealth, who has a really unique background. We address how she allocate and construct her portfolios in a highly unstable and inflationary environment and why she prefesr to play on the smaller side of funds. We also discuss the importance of valuations and how it can help forecast long term returns and how she analyzes earnings and liquidity to understand and navigate an uncertain macro environment, the outlook for inflation and how the Fed might act to combat the economic instability as well as their process of recruiting external managers. Lastly, we discuss how narratives impact the markets and the importance of knowing the source of your returns, how to approach long-term investment to avoid buying at the top and selling at the bottom, as well as some sound advice for aspiring CIOs 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 Alan on https://twitter.com/alanjdunne (Twitter).
    Follow Cameron on https://www.linkedin.com/in/cameron-dawson-cfa-89754b22/ (LinkedIn).
    Episode TimeStamps:
    00:00 - Intro
    03:10 - Introduction to Cameron and her work at NewEdge Wealth
    08:01 - Navigating in a tough environment
    14:31 - Their approach to asset allocation
    21:31 - The historical perspective
    29:56 - Getting comfort in an uncertain macro environment
    41:20 - Is high inflation here to stay?
    48:33 - What it will take for the Fed to call victory?
    53:18 - Bottom-Up or Top-Down?
    01:00:39 - Dealing with individual investors
    01:06:36 - Advice for aspiring CIOs
    01:12:53 - Key takeaways from 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 15 min

Customer Reviews

4.8 out of 5
425 Ratings

425 Ratings

dbaker1447 ,

Top tier

Great info!

maddie@podcastingyou ,

Great podcast!

This podcast is a great resource for all things investing and trading. Niels is very knowledgeable and every episode is filled with helpful information and insights.

GSB* ,

One of the best

Top Traders is one of the best and most intelligent investing/macro/trading podcasts available.
Keep up the good work. Plus, as an American, love Neils’s soothing accent. Keep up the outstanding work.

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