This podcast episode presents an in-depth analysis of various trading strategies amidst the market volatility of 2020, contrasting momentum and value strategies while highlighting the critical aspects of risk management and the unpredictability caused by black swan events. Michael illustrates the complexities of trading by addressing psychological biases and the importance of capital allocation, advocating for simpler models that adapt to market changes, and emphasizing the accessibility of new tools like micro futures to enhance risk mitigation and portfolio diversification.
