GOAT back with more Piff. One of the greats that’s most relatable to retail based on his trading style, excluding trading different asset classes. (Been in the game since the 80’s and I don’t think he has had a down year).
Key highlights:
Went short equities, fixed income, and long energy in Q4 21’
Thinks we 6 months into a bear market and it could just be the first leg of a long one. Shorts covered and bad r/r from here cause you can get your head ripped off on bear markets rallies…. If we move 20% up shorts look good again.
Inflation: any time the CPI went above 5% to come back down its always needed a recession. Also the fed funds rate always had to be above cpi for a period of time (don’t think it’ll happen this time).
Overall trying to stay as open minded and as flexible as he has ever been because there is no historical analogue to what’s going on. Talked the importance of taking breaks when your down and not over doing it.
Bitcoin is for over the counter nasdaq traders and gold bugs are older ppl who wana see the world Burn
Missing things but def worth the hour
Last edited:
