Category: Theory And Training
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Walter Schloss’ Investment Strategy Explained
He knows how to identify securities that sell at considerably less than their value to a private owner; And that’s all he does … He owns many more stocks than I do and is far less interested in the underlying nature of the business; I don’t seem to have very much influence on [him]. That…
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The Danger of “Vision macro” and How to Avoid It
“Our knowledge can only be finite, while our ignorance must necessarily be infinite.” ~ Karl PopperSomething that’s helped me in my trading journey is adopting the practice of multivariate critical thinking (MCT). MCT is the application of considering multiple hypotheses and then dispassionately applying critical judgment to each. It requires updating the probabilistic weighting for…
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Shippers – Bottom Fishing With Alex Barrow
Today I speak with Alex Barrow, founder of Macro Ops and our resident bird fan, or as he prefers ornithologist. Anywhoooo- Alex has shippers on his mind. You can read more about his thoughts in his most recent research report here.If you’ve listened to Alex and I speak before, you know that we tend to…
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Using Political Prediction Markets For Fun And Profit
Elections are interesting to us as macro traders. High-profile political election results can move the markets in a big way, Just look at how crazy the E-mini S&P’s traded during the US’s 2016 presidential election…They had a 5.5% crash and rally when the cash markets were closed! The magnitude of a macro market move after…
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How To Earn $1 Billion Dollars
The father of modern physics, Albert Einstein was unquestionably a brilliant mind. Not only did he change the world with his work in physics, but he was also an avid sailor, played the violin and shared this gem with the world: Compound interest is the eighth wonder of the world. He who understands it, earns…
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Emergent Properties of the Market Collective
One of the coolest things to watch in nature is a Starling murmuration. If you’ve never seen one before then give this video a watch. Starlings — which are small and not particularly intelligent birds — are somehow able to form these amazingly complex and beautiful airborne systems that are capable of extremely intricate flight…
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Play To Win Or Go Out Like Broomcorn’s Uncle
There is a passage from a classical Chinese text, written thousands of years ago, that describes the plight of many struggling traders today.It’s from The Zhuangzi and translates as follows: They are consumed with anxiety over trivial matters but remain arrogantly oblivious to the things truly worth fearing. Their words fly from their mouths like…
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Making Better Decisions
Last September, I gave a webinar to Macro Ops Collective members about my health habits and wellness practices. It’s an important topic because sloppy life practices away from the trading screens affect trading results way more than most people realize. Most of the questions and feedback I received from that video were about building trading…
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The Chandler Brothers: The Greatest Investors You’ve Never Heard of
Two secretive brothers from New Zealand have perhaps the best long-term track record in the investing world. Starting in 1986, the two turned $10 million of family money into over $5 billion just 20 years later. That’s an astounding 36% CAGR. Compare that with Buffett (19% over 50yrs), Klarman (20% over 34yrs), Lynch (29% over…
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My Notes on the Druckenmiller Real Vision Interview
Alex here. The Druckenmiller Real Vision interview is well worth the watch if you have a subscription and 90 minutes to spare. And if you don’t, you’re in luck because I’m sharing with you my notes along with some of my thoughts on what the GOAT said. Let’s begin… The start of the interview was…