Macro Investing
topic on 3 shows · 6 statements across 4 episodes
American Optimist 
Capital Allocators 
All-In
6 statements about Macro Investing, every show
Kelly: Building Asset Managers is Less Competitive Than Stock Picking
“There are a lot of people fishing in that pond, but actually building asset management companies and managing them, there seemed to be nobody that sets out to do that. I thought maybe that is my career path. If I can do that, there are a few people fishing in …”
Bessent: Key to macro investing is believing in alternative futures and managing risk
“The key is to believe it could happen and then manage the risks.”
Baker: Central Bank Constraints Will Reopen Massive Opportunities for Alpha Macro Strategies
“Macro has been a challenged environment for 10 years because volatility has been suppressed by the central banks. They smooth everything out. They've printed a bunch of money, created a lot of dislocations. So if they're not able to do that anymore because the…”
Fisher: Macro investing lacks traditional Graham-Dodd value anchors
“Macro is probably the one trading style or investing style that generally doesn't have a very good value anchor, at least as it relates to sort of Business school, one-on-one Graham Dodd value style investing.”
Fisher: Interest rates are the Rosetta Stone of global macro investing
“And the Rosetta Stone of macro investing is interest rates. It is the Rosetta Stone. It is the security or set of securities that really radiates out to every other security in the world.”
Fisher: Admitting you lack trade ideas is better than forcing them
“Just saying I don't have a good idea is arguably more important than saying you have a good idea. I think one of the problems in our industry, particularly in macro, is there's this just need, this almost driving need To constantly have a good idea.”