Nov 7, 2014
My guest today is Mark Rzepczynski, a Founder and Chief Investment Officer at AMPHI Capital Management. Prior to co-founding AMPHI Capital Management, he was the CEO of the Fund Group at FourWinds Capital Management, where he oversaw alternative investments. Rzepczynski was also President and Chief Investment Officer at John W. Henry & Co., an iconic Commodity Trading Advisor. He is on the Advisory Board of the Chartered Alternative Investment Analyst Association (CAIA), the Associate Editor of the Journal of Alternative Investments, and a former board member of the FIA Futures Industry Association.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Advantages of podcasting as a format over traditional media outlets
- Why prices are “primal”
- Prices as a heuristic
- Rzepczynski’s ah-ha moment that brought him to the heuristic of price
- Why a complex education doesn’t necessarily mean you should use a complex system
- Why knowing the transductive reasoning behind price movement is unnecessary
- VUCA: volatile, uncertain, complex, and ambiguous
- VUCA in the context of portfolio management
- The zen of trading and portfolio management; the importance of passion in investing
- The notion of over-diversification
- Dynamic allocation
- Convergent vs. divergent
- The improbability principle
- Tail events and preparing for the unexpected
- The notion of systematic vs. discretionary
- How trend following is represented in the mainstream media
- Complexity
- Risk and return
- Volatility and complacency
Jump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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