SI75: Morgan Housel on history being a bad guide for the future

Published: Feb. 16, 2020, 4:23 a.m.

On today\u2019s show, we discuss Morgan Housel\u2019s recent article on history & historians generally being a bad guide for the future, the popularity of negative predictions, social media as a gauge for current market conditions, the limits of trading indexes versus diversified individual stocks, why following price may be more important than just committing to a bullish or bearish position, and Meb Faber\u2019s recent interview with Tim Hayes, who talked about the dangers of non-price-based indicators.

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Episode TimeStamps:

00:00 \u2013 Intro

01:12 \u2013 Macro recap from Niels

02:59 \u2013 Weekly review of performance

05:23 \u2013 Top Tweets

34:12 \u2013 Michael; Question 1: Would avoiding all S&P500 stocks improve a Trend Following system?

36:57 \u2013 Chris; Question 2: Can you explain the term \u2018Vol Targeting\u2019?

43:40 \u2013 Adrian: Question 3: What recent client requests have you refused to accommodate, when it comes to altering either your strategies, or your business?

53:31 \u2013 Francois; Comment related to recent episodes where we discussed Trend Following on equities

57:24 \u2013 Benchmark performance update

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