SI56: The risk of smooth and steady returns for risk avers investors

This week, we discuss the potential risks of aiming for smooth & steady returns, the pitfalls of having to make predictions, the higher-than-expected appearances of tail events, why it’s dangerous to look at the ‘average performance’ of an industry, and why aiming to trade in a style that suits your personality can actually turn out to be a bad idea.  Questions we cover this week include: Have you encountered any CTAs with unusually low-frequency trading strategies? Should the optimization of your strategy come from an ideas-based approach or a data-based approach?  How do you feel about the integration of Value Investing into a Trend Following strategy?  What does discipline mean to you, and how do you stay disciplined? ----- 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 [email protected] 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. Episode TimeStamps: 00:00 - Intro 01:05 - Request for podcast reviews 01:30 - Macro recap from Niels 04:00 - Weekly review of performance 11:10 - Top tweets 43:25 - Live event update 10/26/19-10/27/19; Special Guest: Denise Shull 44:20 - Question 1: Chris; What should an individual pay in fees (data, commissions, etc.)? 47:45 - Question 2: Chris; Do you follow front month or highest open interest contracts/continuous contracts or the month you are trading? 54:30 - Question 3: Jacob; Have you encountered extremely low frequency CTAs? 01:00:20 - Question 4: Jacob; What is your opinion on optimizing using ideas (vs data) first? 01:03:50 - Question 5: Jacob; How do you feel about TF meets value investing? 01:08:30 - Question 6: Adrian; What does discipline mean to you and how do you stay...