Dave Dredge's guest appearances

Dave Dredge

Top Traders Unplugged

The Grant Williams Podcast

Grant Williams

Peter Atwater

Ben Hunt

Chris Cole

Jesse Felder

Pippa Malmgren

Julian Brigden

Danielle DiMartino Booth

Jim Bianco

Peter Zeihan

Neil Howe

Jim Rogers

Lacy Hunt

David Rosenberg

Jim Grant

OwlTail

Today,  Dave Dredge, CIO at Convex Strategies, returns for a conversation on volatility investing and why he believes the 60/40 portfolio is wrong. We discuss why big pension funds have been suffering major losses and what Dave means by living in a “Sharpe World”, self-organized criticality and how Central Banks have been handling inflation, the relationship between volatility and liquidity and importance of understanding the timeframe that you are trading within. We also discuss how Dave uses asymmetry to stay prepared for the future and the pointlessness of forecasting, how constructing an investment portfolio is like a football match and how Dave’s racing car analogy can help you become a better investor, cheap vs. expensive volatility and the importance of convexity, what the future might hold for volatility and much more.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer &amp; 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 info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating &amp; Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Dave on LinkedIn.Episode TimeStamps: 00:00 - Intro03:00 - About Dave and his work06:04 - Are big pension funds failing?11:21 - A fragile world19:54 - How Dave thinks about liquidity25:20 - What does cheap actually mean?34:23 - What might be next for volatility41:43 - The next Korean ship builder?46:19 - Is forecasting pointless?51:00 - Improve your convexity = improve your life59:37 - What is cheap today?01:13:14 - Time for some outrageous predictions01:18:49 - Thanks for listening ﻿ Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Today, Dave Dredge, CIO at Convex Strategies, returns for a conversation on volatility investing and why he believes the 60/40 portfolio is wrong. We discuss why big pension funds have been suffering major losses and what Dave means by living in a “Sharpe World”, self-organized criticality and how Central Banks have been handling inflation, the relationship between volatility and liquidity and importance of understanding the timeframe that you are trading within. We also discuss how Dave uses asymmetry to stay prepared for the future and the pointlessness of forecasting, how constructing an investment portfolio is like a football match and how Dave’s racing car analogy can help you become a better investor, cheap vs. expensive volatility and the importance of convexity, what the future might hold for volatility and much more.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer &amp; Better Performing Portfolio using this <a href="https://dunncapital.com/TTU-PBT-ShowNotes" rel="noopener noreferrer nofollow" target="_blank">FREE NEW Portfolio Builder Tool</a>----- Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer nofollow" target="_blank">YouTube</a> or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer nofollow" target="_blank">TTU website</a>.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 <a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer nofollow" target="_blank">here</a>.And you can get a free copy of my latest book “The Many Flavors of Trend Following” <a href="https://www.toptradersunplugged.com/flavor" rel="noopener noreferrer nofollow" target="_blank">here</a>.Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer nofollow" target="_blank">here</a>.Send your questions to <a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer">info@toptradersunplugged.com</a>And please share this episode with a like-minded friend and leave an honest Rating &amp; Review on <a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer nofollow" target="_blank">iTunes</a> or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer nofollow" target="_blank">Spotify</a> so more people can discover the podcast.Follow Cem on <a href="https://twitter.com/jam_croissant" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>.Follow Dave on <a href="https://www.linkedin.com/in/david-dredge-9493ba1b/?originalSubdomain=sg" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a>.Episode TimeStamps: 00:00 - Intro03:00 - About Dave and his work06:04 - Are big pension funds failing?11:21 - A fragile world19:54 - How Dave thinks about liquidity25:20 - What does cheap actually mean?34:23 - What might be next for volatility41:43 - The next Korean ship builder?46:19 - Is forecasting pointless?51:00 - Improve your convexity = improve your life59:37 - What is cheap today?01:13:14 - Time for some outrageous predictions01:18:49 - Thanks for listening ﻿ Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a>2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a>3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. <a href="https://www.toptradersunplugged.com/resources/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a><a href="https://www.toptradersunplugged.com/legal/privacy-policy/" rel="noopener noreferrer nofollow" target="_blank">Privacy Policy</a><a href="https://www.toptradersunplugged.com/disclaimer/" rel="noopener noreferrer nofollow" target="_blank">Disclaimer</a>

GM31: The Art of Volatility Investing ft. Dave Dredge

Hari Krishnan is joined today by Dave Dredge, to discuss how long-volatility strategies can improve on the traditional 60/40 portfolio, the concept of ‘participate and protect’, the importance of understanding why compounding is the ultimate goal, the ‘always good weather’ portfolio, trading Bitcoin volatility, being a ‘value buyer’ of volatility, mechanisms for taking profits, and how to size portfolio allocations properly.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer &amp; Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn this episode, we discuss:How to improve on the traditional 60/40 portfolioDave’s concept of ‘participate and protect’The importance of compoundingDave’s ‘always good weather’ portfolioLong-volatility Bitcoin strategiesValue investing in the volatility spaceMethods for taking profitsSizing portfolio allocationsFollow 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 info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating &amp; Review on iTunes or Spotify so more people can discover the podcast.Follow Hari on Twitter.Follow Dave on LinkedIn.-----Episode TimeStamps: 00:00 - Intro02:01 - How did you end up in the long-volatility sector?04:55 - How options used to be considered as a redundant trading method07:53 - Do you have any idea why the Bitcoin skew is so high and flat?08:56 - What does it mean when you say you consider yourself a value-buyer of volatility?10:15 - Do you have any notion how to mix the various positions you warehouse?15:46 - How do you source good ideas, and has living in Singapore given you an edge for this?27:12 - Can you talk about the Taliban’s use of the ‘Sandpile Theory’?33:13 - Are there more opportunities for you globally now, then there used to be?40:51 - What are your mechanisms for taking profits?47:19 - What’s your view on paying for convexity in your positions?51:13 - Do you engage in skew trades? 52:41 - How do you think about low-vol?55:49 - How do you size allocations to your long-vol strategy?01:01:49 - Closing thoughts from Dave?Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Hari Krishnan is joined today by Dave Dredge, to discuss how long-volatility strategies can improve on the traditional 60/40 portfolio, the concept of ‘participate and protect’, the importance of understanding why compounding is the ultimate goal, the ‘always good weather’ portfolio, trading Bitcoin volatility, being a ‘value buyer’ of volatility, mechanisms for taking profits, and how to size portfolio allocations properly.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer &amp; Better Performing Portfolio using this <a href="https://dunncapital.com/TTU-PBT-ShowNotes" rel="noopener noreferrer nofollow" target="_blank">FREE NEW Portfolio Builder Tool</a>In this episode, we discuss:<ul><li>How to improve on the traditional 60/40 portfolio</li><li>Dave’s concept of ‘participate and protect’</li><li>The importance of compounding</li><li>Dave’s ‘always good weather’ portfolio</li><li>Long-volatility Bitcoin strategies</li><li>Value investing in the volatility space</li><li>Methods for taking profits</li><li>Sizing portfolio allocations</li></ul>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer nofollow" target="_blank">YouTube</a> or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer nofollow" target="_blank">TTU website</a>.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 <a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer nofollow" target="_blank">here</a>.And you can get a free copy of my latest book “The Many Flavors of Trend Following” <a href="https://www.toptradersunplugged.com/flavor" rel="noopener noreferrer nofollow" target="_blank">here</a>.Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer nofollow" target="_blank">here</a>.Send your questions to <a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer">info@toptradersunplugged.com</a>And please share this episode with a like-minded friend and leave an honest Rating &amp; Review on <a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer nofollow" target="_blank">iTunes</a> or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer nofollow" target="_blank">Spotify</a> so more people can discover the podcast.Follow Hari on <a href="https://twitter.com/HariPKrishnan2" rel="noopener noreferrer nofollow" target="_blank">Twitter</a>.Follow Dave on <a href="https://www.linkedin.com/in/david-dredge-9493ba1b/" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a>.----- Episode TimeStamps: 00:00 - Intro02:01 - How did you end up in the long-volatility sector?04:55 - How options used to be considered as a redundant trading method07:53 - Do you have any idea why the Bitcoin skew is so high and flat?08:56 - What does it mean when you say you consider yourself a value-buyer of volatility?10:15 - Do you have any notion how to mix the various positions you warehouse?15:46 - How do you source good ideas, and has living in Singapore given you an edge for this?27:12 - Can you talk about the Taliban’s use of the ‘Sandpile Theory’?33:13 - Are there more opportunities for you globally now, then there used to be?40:51 - What are your mechanisms for taking profits?47:19 - What’s your view on paying for convexity in your positions?51:13 - Do you engage in skew trades? 52:41 - How do you think about low-vol?55:49 - How do you size allocations to your long-vol strategy?01:01:49 - Closing thoughts from Dave?Copyright © 2023 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a>2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a>3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. <a href="https://www.toptradersunplugged.com/resources/" rel="noopener noreferrer nofollow" target="_blank">Click Here</a><a href="https://www.toptradersunplugged.com/legal/privacy-policy/" rel="noopener noreferrer nofollow" target="_blank">Privacy Policy</a><a href="https://www.toptradersunplugged.com/disclaimer/" rel="noopener noreferrer nofollow" target="_blank">Disclaimer</a>

VOL07: Participate & Protect ft. Dave Dredge

My guest in this episode of The Grant Williams Podcast is Dave Dredge of Convex Strategies in Singapore - a man with whom I had several epic conversations during my time at Real Vision. This time, our discussion was sparked by a recent monthly letter Dave published which examined the recent US withdrawal from Afghanistan and used it to look at financial markets through the prism of ‘self-organized criticality.’ Dave’s ability to communicate complex ideas with brilliantly-chosen metaphors is to the fore in what was a hugely engaging conversation that will leave you with much to ponder. Be sure to download the letter which sparked this conversation at the link provided below - it will offer invaluable background to yet another fantastic hour of rich discourse. https://convex-strategies.com/2021/09/22/risk-update-august-2021/ As a reminder, Silver Tier subscribers to https://grant-williams.com get access to both Things That Make You Go Hmmm… and all editions of The Grant Williams Podcast, including The End Game, The Super Terrific Happy Hour, and The Narrative Game.

My guest in this episode of The Grant Williams Podcast is Dave Dredge of Convex Strategies in Singapore - a man with whom I had several epic conversations during my time at Real Vision. This time, our discussion was sparked by a recent monthly letter Dave published which examined the recent US withdrawal from Afghanistan and used it to look at financial markets through the prism of ‘self-organized criticality.’ Dave’s ability to communicate complex ideas with brilliantly-chosen metaphors is to the fore in what was a hugely engaging conversation that will leave you with much to ponder. Be sure to download the letter which sparked this conversation at the link provided below - it will offer invaluable background to yet another fantastic hour of rich discourse. <a href="https://convex-strategies.com/2021/09/22/risk-update-august-2021/" rel="nofollow" target="_blank">https://convex-strategies.com/2021/09/22/risk-update-august-2021/</a> As a reminder, Silver Tier subscribers to <a href="https://grant-williams.com/" rel="nofollow" target="_blank">https://grant-williams.com</a> get access to both Things That Make You Go Hmmm… and all editions of The Grant Williams Podcast, including The End Game, The Super Terrific Happy Hour, and The Narrative Game.