Talking $30 trillion on Tesla now!📈

🤡🤭😆->📈! $263!

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Listen to your body not these bullshits

How should we choose between MFUT and TFPN?

Howdy Tyler!

The short answer is NO. If trend following had an edge, trend followers would win the game by stealth and they would own everything. Fact is they own nothing, because even the most cursory examination of share registers and property titles will reveal that everything is owned by long term buy and hold investors. Hence, trend following does not work. QED.

Great interview! I’m shocked that more people aren’t interested about learning more about this family of funds and their founder. In general without exception,mall of their funds have outperformed their peers.

Where do I find the links in the show notes?

Time will tell. TFPN up 5.9% so far this year.

We gotta get the links to the movies 😂

Hey Chesapeake, does MFUT run the same trend following system that TFPN runs? Seems like Chesapeake run both etf's. From what I read, TFPN trades up to 500 markets/instruments while MFUT trades approx 100. Fees are 1.1% per annum for TFPN and 0.75% for MFUT. Any other differences?

How does a fund have expertise across 4 different asset classes? I love this trend investing and holding your winners or letting them run! Very insightful interview!! Definitely sounds interesting.

Could you post the paper you referenced at the end? Thank you

great episode, listened on itunes already :) !

What's the "secret sauce" to CTA systematic trend followers? If they tell me their entry/exit/sizing rules like the Turtles did, can I replicate their results or are there more to it than that? And are they continuously trying to come up with new systems or are the systems mostly static?

This was a wondefully engaging, educational and entertaining interview. Please bring Prof Bessembinder back when you can. Thank you.

Petard = bomb. Hoist = blown up by.

Get your money out of the system. Your 401k is already gone.

50 year career? This guy is… 70?

That trans prn is straighter than regular prn. So all the welders I know say it’s gae, but I’m like bro you watch a dude and a girl. This is a dude dressed like a girl and a girl. It’s Japanese sword straight af if there was a straight

Wonderful discussion. Herb is the best in the business at what he does.

that was encouraging;)

At least he met with the right professor who was smart enough to acknowledge Mohnish's talent.

he doesn't understand the markets, we're about to drop 15-20% because the last expiration released a lot of delta and the market makers are gonna sell their hedges, who knows which stocks run up next?

What?

Great interview learned alot

Biden is good for the economy. Trump is a criminal. 💁🏼‍♂️

Cambria Quartz? That stuff ain't cheap! How many rehabs have you done?

😊👍🙏

Catherine's two flaws: (1) Because new technology gives outsize returns, tech is where you need to be, whether or not the Nasdaq is concentrated or expensive. Just avoid the nose bleed P/Es (2) "The market can stay irrational longer than you can stay solvent". So while Catherine is saying what _should_ work, real life does not work as per these Ph.D. type theories that look good on paper. The bottom line is you need to be in tech because tech is what drives progress in our world, and not worry much about valuations. It's more about interest rates, money printing, yield inversion, disasters, etc. that determines the markets and not so much valuations. *For the last two decades (and in the future), the average Joe that bought the usual FAANG stocks and tech stocks beat the hell out of all money managers and big names and even Warren Buffet.* Who made the same mistake: ignoring tech. PS. If you don't know that progress is mostly driven by tech, you haven't been living in our solar system :) Loved her comment on currencies reverting because they are at extremes.

Pfff Hahaha try all the sanctions you give other countrys.... I give it one month

Everyone is "smart" and only by the picks and shovels. There isn't even an attempt for a killer app. Smells like 5G. Smells like blockchain. Where are those "profitable companies"? "AI" is just A.

Stock market is not a reflection of our economy. It what companies think they can squeeze out of stupid investors

Wtf gaslighting at its finest.

The stock market is not the economy. F*ck the "economy." What about standard of living?

IF THE ECONOMY IS SO GOOD WHY IS EVERYONE BROKE

Are you guys on drugs?

The idea is you can naked short and make 10x the market cap . If company goes bankrupt, you never needs to close .

How obsolete are you guys? You are stuck on S&P500 instead of NASDAQ. In today's technology era, it's Nasdaq and not the old companies. Haven't you heard of FAANG, MAG 7, NVIDIA, TESLA --- all tech. If you are too old to get tech, pay some young guys to work for you.

Where are the numbers showing that if Buffet had invested in some Bonds, he would be better off? Show them.

excellent episode, thanks

An intelligent fool. If you think like a computer, then it’s 64 years. If you think like Warren Buffet, then you’ll know when you meet him / hear him and it’s confirmed in performance a few years. And what’s true of Warren is true of many winning people and winning businesses: Steve Jobs, Elon Musk, Jeff Bezos, etc. FAANG stocks or MAG 7 have done great for many years. For some reason his head is in the sand.

34 trillion in debt another 100 trillion in unsecured liabilities over the next decade. America is doomed.

much much much more likely to have a full blown depression... but yea, keep believing the BS

Too much talk.. Where the beef?

End of the day, sovereigns are no longer interested in US Treasuries

He got his head up his cuyo

Very articulate guest, thank you. The part I struggle with from his thesis is: he expects sustained 6% nominal growth and 6% deficit spending for the rest of the decade, yet he expects inflation to drop back down to the 2-handle. For that type of scenario to materialize, you'd need a Wakanda-style productivity boost. So, either AI becomes the 21st century's hallmark revolution (think steam engine or electricity level of advancement), or it will be absolutely impossible to reach that type of growth and deficit spending without inflation (and the long end of the curve) creeping back up.

Very Good. Many thanks guys.