Episode Details

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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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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