Avsnitt
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"When trading, are you more interested in being right, or are you more interested in making money? And I ultimately just look at it like ‘I just want to make money, and…make the best returns I can’, and so therefore I need to stay open to different ideas.” - Kevin Muir
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This week’s episode features another one of Chase’s greatest mentors, Kevin Muir. Kevin is a prototype of the kind of investor we’re trying to highlight on this podcast. He’s a markets scientist who isn’t afraid to explore new ideas and find himself wrong after that process. His open-mindedness has led him to some great theories that we dig deeper into for this episode.
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Timestamps:
-- (00:01) - Intro
-- (03:19)- Kevin’s Charity: Covenant House
-- (04:39) -Why Kevin loves the markets
-- (05:39)- James Aiken’s philosophy on overload
-- (10:56)- How Kevin discovered MMT wasn’t the stupidest thing he ever heard
-- (15:10)- Tim Urban and the “high rung” approach to ideas
--(17:41)- How do you intentionally stay open to new ideas?
--(23:55)- Systematic Investing Flows
--(30:01)- Tried and True Indicators can’t always help (Yield Curve Inversion)
--(39:25)- Must Read Books for Traders
--(45:27)- Between Two Pines
--(53:25)- Simple morning rituals set you up for a full day of markets, and you should adjust your reading to the macro environment
--(56:18)- Different life priorities led Kevin from working at a bank to operating the Macro Tourist
--(1:01:43)- “New techs” cause mini-rolling bubbles and never underestimate the stupidity of regional bank CEOs
--(1:07:14)- Plugs
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This Episode's Charity:
The Covenant House of Toronto aims to serve youth who are homeless, trafficked, or at risk. They’re located in the heart of Toronto and offer youth ages 16-24 essential services such as medical care, food, and shelter.
Kevin and Chase raised $100 for charity this week!
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Referenced in the Show:
What’s Our Problem?: A Self-Help Book for Societies by Tim Urban
Is Inflation Ending: Are You Ready? by A. Gary Shilling and Kiril Sokoloff
The Logical Trader: Applying a Method to the Madness by Mark Fisher
The Alchemy of Finance by George Soros
Kevin’s Interviews of Jim Leitner on The Market Huddle: Check out this episode’s blog post
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Guest Plugs:
Kevin’s The Macro Tourist Substack
Kevin’s X: https://twitter.com/kevinmuir
Kevin’s email: [email protected]
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Pinecone Macro Research aims to provide unique, well researched analysis of the global markets using a macro framework. Find us here: www.pineconemacro.com
Follow us and the show on Twitter: @PineconeMacro &
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"I have forced myself to be a rationalist...I force myself to understand that what I think is right or wrong has absolutely zero bearing on what the market is going to do." - Brent Johnson
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Our inaugural episode highlights Chase's long-time mentor and friend, Brent Johnson. Brent Johnson is the founder of Santiago Capital and has more than 20 years of experience in finance. Chase and Brent discuss systems thinking, how they draw inspiration from people smarter than themselves, and how removing your own biases is a learned skill required to operate in the markets.
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Timestamps:
(00:00) - Intro
(01:36) - How Chase and Brent Met
(06:52) - Ground Rules
(07:18) - Charity of Choice: Love4Satos
(08:30) - Milkshake Theory Evolution & How to Approach the Markets
(13:26) - Systems Thinking
(17:31) - George Soros, Imperial Circle, and Liquidity
(25:17) - Strong Dollar, Weak Dollar
(34:30) - Between Two Pines
(36:31) - Changing Thoughts on the Fed Hikes End Goal
(37:12) - Getting a Trade Right for the Wrong Reasons
(40:44) - Read to "Collect Dots"
(43:28) - The "Santiago" Book Characters Behind Santiago Capital
(43:57) - Contrarian Views Can Be More Profitable than Consensus Views
(46:28) - Conference Tips From a Seasoned Guest Speaker
(48:52) - Plugs
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This Episode's Charity:
Brent chose Love4Satos. The charity is located in Puerto Rico and aims to find forever homes for stray dogs in the continental United States
Website & Where to Donate
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Referenced in the Show:
1) Imperial Circle Primer - George Soros
2) Milkshake Theory
3) 35 Books on Systems Thinking by Category (I recommend #1, #5, and #13).
4) The Alchemist by Paulo Coelho
5) The Old Man and the Sea by Ernest Hemingway
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Guest Plugs:
Brent Johnson X & MilkshakesPod X
Milkshake, Markets, and Madness Podcast
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Pinecone Macro Research aims to provide unique, well researched analysis of the global markets using a macro framework. Find us here: www.pineconemacro.com
Follow us and the show on Twitter: @PineconeMacro & @TaylorMadeMacro
Subscribe on Substack: https://substack.com/@pineconemacroresearch
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Bulwark Capital Management:
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Saknas det avsnitt?
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Welcome to Taylor Made Macro! This episode is a quick primer to let y'all know who I am, what I do and what this podcast is going to be all about.
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Pinecone Macro: https://www.pineconemacro.com/
X: https://twitter.com/pineconemacro
Substack: https://substack.com/@pineconemacroresearch
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Pinecone Macro Research aims to provide unique, well researched analysis of the global markets using a macro framework.
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Disclaimer:
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The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor
