Today, we welcome Katy Kaminiski back to the show as we reflect on her entry into the trend following space and what she has learned on her systematic journey. We also discuss different ways of allocating risk in portfolio construction and why Katy “loves skewness”, why preparing for pain can actually lead to better decisions as an investor and how changes in the global macro environment takes time to manifest in trends. Lastly, we discuss what we are both excited and nervous for in 2024.
-----
EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the 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 here.
And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Katy on LinkedIn.
Episode TimeStamps:
00:50 - What has been on our radar recently?
03:03 - When are trends coming to an end?
06:24 - Industry performance update
07:31 - How did Katy end up in the trend following industry?
11:19 - What attracted her to the industry?
12:40 - What Katy has learned from being an allocator
15:44 - Risk variations in portfolio construction
20:21 - What drives the biggest dispersion?
21:54 - Understanding risk in your portfolio
24:05 - Constant vol targeting - just a phase?
25:25 - The importance of skewness
31:06 - Mind the timeframe
34:57 - Preparing for pain ahead of time (MAN Paper)
38:15 - No pain, no gain...
43:28 - Economic trend (AQR Paper)
47:33 - Dealing with a world in disruption
50:48 - Excitement and worries about 2024
57:05 - What is up for next episode?
Resources discussed in this Episode:
Copyright © 2023 – 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. 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! 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. Click Here
Privacy Policy
Disclaimer
SI107: Best and Worst markets to trade and benefits of adding the S&P500 ft. Moritz Seibert
SI106: Ray Dalio's underwhelming 2020 performance and the FED ft. Moritz Seibert
SI105: TESLA & How paper trading can dramatically differ to live trading ft. Moritz Seibert
GM10: MMT, Global Warming and the Uniqueness of the 2020 Crisis ft. Steve Keen
SI104: Inconvenient truths about Trend Following ft. Roberto Osorio
SI103: FED's Powell, Dave Portnoy and the potential Bond market bubble ft. Robert Carver
GM09: Mistakes from the past to guide us forward ft. Lyn Alden
SI102: TESLA and the famous Tech Bubble ft. Moritz Seibert
GM08: Watch out for The Bond Market Vigilantes ft. Jim Bianco
GM07: The father of the Yield-Curve indicator ft. Campbell Harvey
SI101: Howard Mark’s comments on managing risk and market cycles ft. Moritz Seibert
SI100: How to filter your trades and staying unemotional ft. Jerry Parker
GM06: The hidden danger of Passive Investing ft. Michael Green
SI99: Trend Following on ETFs and how to safely invest more aggressively in stocks ft. Moritz Seibert
GM05: FEDs reaction to the Global Pandemic ft. Danielle DiMartino Booth
SI98: The secret to John. W. Henry's (owner of Liverpool FC and Boston Red Sox) success ft. Mark Rzepczynski
GM04: Global Macro from a High Level ft. Larry McDonald
GM03: The Dollar losing its Reserve Currency Status ft. Erik Townsend
SI97: Warren Buffett’s recent ‘value’ purchase ft. Robert Carver
GM02: The failure of the Dollar ft. Preston Pysh
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast