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TTU03 How To Get Predictable Returns ft. Mike Dever of Brandywine Asset Management – 1of2
Description
On today’s show I am talking to Mike Dever, the Founder and CEO of Brandywine Asset Management. Mike is a Divergent Thinking Systematic Investment Manager and Author of the best selling book “Jackass Investing”. Mike has been trading for almost 4 decades and shares a wealth of insight to how he has stayed successful and how his trading approach and research has stayed current in an ever changing financial landscape.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In This Episode, You’ll Learn:
- The Evolution of Mike’s Trading
- How Mike almost got in to business with Richard Donchian
- How they developed a systematic trading model in the 1980s
- How Mike met and invested with Paul Tudor Jones, John W. Henry and was the first outside investor in Transtrend
- How Mike went from being a discretionary trader to become fully systematic when launching the Benchmark Program, and Why
- About the experience of running the Brandywine Benchmark Program in in the ‘90s
- How Mike discovered the importance of Portfolio Allocation in the 1980s
- The Story of Developing the Predictive Diversification Portfolio Allocation Model
- The Entrepreneurial Storm that Kept Mike away from Trading and Brandywine for Years
- The story of developing the Brandywine Symphony Program
- How many people it takes to run a system with more than 1,000 strategy/market combinations
- Exploring the track record of Brandywine Symphony Program
- Why one should avoid making decisions based on single return drivers
- 5 Themes in Brandywine’s Asset Allocation Strategy: Fundamental, Sentiment, Event, Arbitrage and Alpha Hedge
- How Marginal Cost of Production Works as a Return Driver
- Are the strategies from the 1980’s just as effective today?
- What is directional arbitrage?
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Resources & Links Mentioned in this Episode:
- Jackass Investing by Mike Dever
- Learn about Richard Donchian the Grandfather of Trend Following
- Learn about Poul Tudor Jones of Robin Hood Foundation
- Learn about John W. Henry
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