Just Keep Buying - that's what Nick Maggiulli suggests when it comes to investing in his book. And it's an excellent book because it treats investing straightforwardly and practically. Using hard data, Nick debunks myths in personal finance and investing. He answers questions, presents solutions, and gives effective ways to build wealth. https://systemtrader.show/028
Shrouded in mystery and even more misunderstanding, hedge funds have always been very limited for the average investor. Whether for regulatory reasons or because of high capital requirements. But with the revolution started by ETFs, they are now available to the masses. Today, with literally a few dozen dollars in your pocket, you can invest in the same things as hedge funds.The hedge fund industry is burdened with one big sin: high management costs – just like in classic investment funds. This ...
When we are talking about a strategy in investing, it is often perceived as a mechanism for generating a buy signal. In fact, this is not the most critical aspect in the entire investment process. Today I am pleased to invite you to an interview I had with Tom Basso - a practitioner with almost 50 years of market experience. He is a well-known person in the industry, especially if someone is interested in trend-following strategies. In the background of our discussion is Tom's latest book, The A...
John "Jack" Bogle revolutionized the investment industry by opening the first index fund in 1976 to replicate the S&P 500 index. It was not easy to sell the idea of a fund generating average market results. But Bogle has shown that by lowering costs he can outperform actively managed funds. Eric Balchunas, author of the fantastic book titled "The Bogle Effect. How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions" is my podcast guest today. It's a semi-docum...
Paul Merriman, my today's guest, is a worldwide recognized authority on index investing, asset allocation, buy-and-hold, and active management strategies. Paul began his career in the 1960s, working briefly as a broker for a major Wall Street firm. He concluded that Wall Street was burdened with too many conflicts of interest and decided to help small companies raise venture capital. He retired in 1982 to create his independent investment management firm. Now retired from his company, he is dedi...
Recently, I got an email encouraging me to sign up for a webinar to learn how to earn 1-4% per day. Imagine! Of course, there was an expensive car in the background. 🤦♂️ A "modest" 1% (instead of 4%) a day out of the starting $10,000 after three years grows to $17 million! And someone wants to teach such a great strategy for money instead of using it themself? If you believe in such methods, then there is no point in listening to this episode any further. If you are looking for quick and easy ...
There are arguments in favor of traditional passive index funds: they offer low fees, liquidity, and broad diversification. They match market performance, have negligible trading costs and tracking error, and they beat most active managers most of the time. On the other side, there are also factor strategies gaining popularity for a reason: they are transparent, offer exposure to widely agreed-upon sources of expected return, have low management costs, and, with proper design, reasonable transac...
Today's guest is Grzegorz Link, who professionally works as a quant for an investment fund. Grzegorz is a physicist by education, which may surprise some. However, the thing is that in building market models, skills such as programming and mathematics are the primary tools, which is the same for contemporary physicists. We raise many interesting issues during the conversation, trying to answer the question - how is it possible that a well-known investment strategy can still be profitable. You wi...
👉 For more please visit: https://systemtrader.show/020 I am honored and pleased to host Tom Basso again in the podcast - a legendary trend-following trader. This time, in the background of the conversation, we will be accompanied by the book "Trend Following Mindset," where Larry Hite wrote in the review: "Anyone can make a lot of money without the trend following mindset, but you will never keep it. This mindset is not everything, but it's pretty close. " In this episode, Tom and I discuss man...
Almost two years ago, I hosted Gary Antonacci, who specializes in investing using momentum anomalies, and that episode was very popular among listeners. Partly due to the fact that such investment model can be straightforward, and in a way, because it is also not very time-consuming. Which, for the sake of clarity, doesn't mean that the investment process itself is mentally simple. Today I am pleased to host Gary again, but we are talking about an approach to investing that is at the opposite ex...
Episode page: https://systemtrader.show/018 Rick Ferri, a guest of today's episode, is a well-known person in the investment industry for years. He is a retired US Marine and fighter pilot. He worked as a broker and portfolio manager in an investment company and got the CFA title. Currently, he works mainly as a consultant in the area of cheap index investing. Rick is also the author of numerous books for investors and the host of the Bogleheads podcast, which is for anyone looking for a smart a...
Episode page: https://systemtrader.show/017 Wes Gray after serving as a Captain in the United States Marine Corps earned an MBA and a PhD in the finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. He worked as a finance professor at Drexel University. He then found Alpha Architect -- a research-intensive asset management firm with a focus on high-conviction value and momentum factor exposures. In this interview, we talk about why it's so important to hav...
Meb Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. His speciality is quant investing. Meb is the host of The Meb Faber Show podcast and has authored numerous white papers and books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The Wall Street Journal, The New York Times, and The New Yorker. In this episode, we talk why you need an investment plan, why the systematic approach is helping to have a better d...
Robert Carver worked in the City of London for over a decade. For seven years he was a portfolio manager at AHL -- one of the world's largest systematic hedge funds -- before, during and after the global financial meltdown of 2008. In this interview, we talk about many trading topics, mostly around the systematic approach and why it's so important for most of us to base the decison-making process on rules rather than discretion. Robert also explains why the most important factor to consider when...
It happens very often that we work because we don't see any alternatives. Our job may be annoying as hell, we may even hate it, but the reality seems like we don't have any other options. We have a mortgage, we have a family to maintain, or our qualifications aren't allowing us to do something new. So we don't dare to do something new, and we don't have a plan, we're just drifting -- day by day. My guest, Paul Novell, talks in this episode how he decided to live the life he wants to live. He lef...
Investing is simple, but not easy, as Warren Buffett says. And yes -- technically the investment process should be as simple as possible. But does it mean that an average investor should not even think about active investment strategies and entirely rely on a passive portfolio? Which strategy is best to follow? And will it work tomorrow? In this interview, my guest, Jack Vogel from Alpha Architect, talks about many trading topics, including momentum and mean reversion market anomalies....
Gary has over 40 years’ experience as an investment professional. After receiving his MBA degree from the Harvard Business School he concentrated on researching and developing innovative investment strategies that have their basis in academic research. Gary’s innovative research on momentum investing was the first-place winner in 2012 and the second-place winner in 2011 of the prestigious Wagner Awards for Advances in Active Investment Management given annually by the National Association of Act...
Linda began her professional trading career in 1981 as a market maker in options. She became a registered Commodity Trading Advisor in 1992. She worked as a principal trader for several funds. In 2002 she started her own hedge fund, which was ranked 17th out of 4500 for best 5-year performance by BarclaysHedge. Jack Schwager recognised her great talent in his famous Market Wizards series. Since 2015 Linda continues to trade daily for her own account. In the world of professional trading and mone...
Andreas Clenow is a Chief Investment Officer located in Zurich, Switzerland, overseeing many investment strategies over a nine-figure asset base. In today’s interview, we focus mostly on his work within a quant hedge fund. We are covering many trading topics, including trend following strategies and equity momentum strategies. You can also find out why trading own money is not always the best option to do. Andreas is an author of international bestsellers titled Following the Trend and Stocks on...
Larry Connors has over three decades of experience in the financial markets industry and is widely regarded as one of the leading professionals, especially when it comes to systematic quantified short-term trading. He is the author of many highly acclaimed books including “How Markets Really Work” and “Short Term Trading Strategies That Work“. Larry co-wrote “Street Smarts” with Market Wizard’s legend Linda Raschke. The Technical Analysis of STOCKS & COMMODITIES Magazine selected this book a...
Robert Pardo is a legendary trader and long-term hedge fund manager. He worked with global firms like Goldman Sachs and Dunn Capitals Management. He’s a pioneer in algorithmic trading and inventor of Walk Forward Analysis. Using his excellent trading system and sound risk management he made 142% return in 2008 and was a Trader of the Year – Futures 2008. Today we discuss various trading topics, including the reliable testing methodology — Walk Forward Analysis. Enjoy the show!...
Kevin Davey is a full-time professional algorithmic trader, specialising mostly in futures. Using his trading systems he generated annual returns of 148%, 107% and 112% in three consecutive World Cup of Futures Trading Championships. Today we discuss various trading topics, including the reliable trading system development process, so that developed systems may look good not only on the past data. I encourage you to visit my website at systemtrader.show/006, where you can find more materials rel...
Tom Basso is another Market Wizard from a renowned Jack Schwager book series, which appears on my show. It is an unusual occasion to ask him how is he going after 26 years since the famous interview. How does he see the markets after such an extensive trading experience? Although he didn’t know too much about the British pound fundamentals or economy, he made a bunch of money at the same time when George Soros was shorting it. How he did it? Was it pure luck? No. My guest believes that big trend...
Today I have a great pleasure and honour to chat with Andrea Unger. He’s the only trader winning the World Cup Championships 4 times! Until now no one has achieved such thing except Andrea! He’s a fully systematic trader, and in this episode, he describes why he has chosen such trading approach. In this episode he talks about his procedure for building and testing mechanical systems, how to know when risking more is pointless, and many other topics. What I like especially very much in the way An...
Today I have a great pleasure to interview a true icon in the world of systematic trading. Ladies and gentlemen, today you can listen to my interview with Perry Kaufman! He began his career in the aerospace industry as a rocket scientist, and his work was used in the Apollo missions. He moved then to trading. His trading career began in 1971, in the futures market, and since the very beginning, he was involved in constructing algorithmic trading systems. He was working with the greatest CTAs and...
Today I have a great pleasure to interview Thomas Stridsman. He’s very well known in the industry of system trading, having over 20 years of experience. He was writing for Futures magazine in the 90s. He’s an author of two books: (1) Trading Systems That Work and (2) Trading Systems and Money Management. At the moment Thomas is running his fund at Alfakraft in Sweden, where he’s using strategies based on short-term trend following approach. In this episode, we talk about his approach to trading,...
Hello to everyone! Today we have an exceptional guest! Very renowned trader — Linda Bradford Raschke. Linda began her professional trading career in 1981 making markets in options, as a member of two exchanges. She became a registered CTA in 1992. Linda’s hedge fund was ranked 17th out of 4500 for best five years performance. Jack Schwager recognised her early success in his famous Market Wizards series. In this podcast, she describes her approach to trading and shares lots of tips how to become...
