"I have forced myself to be a rationalist...I force myself to understand that what I think is right or wrong has absolutely zero bearing on what the market is going to do." - Brent Johnson
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Our inaugural episode highlights Chase's long-time mentor and friend, Brent Johnson. Brent Johnson is the founder of Santiago Capital and has more than 20 years of experience in finance. Chase and Brent discuss systems thinking, how they draw inspiration from people smarter than themselves, and how removing your own biases is a learned skill required to operate in the markets.
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Timestamps:
(00:00) - Intro
(01:36) - How Chase and Brent Met
(06:52) - Ground Rules
(07:18) - Charity of Choice: Love4Satos
(08:30) - Milkshake Theory Evolution & How to Approach the Markets
(13:26) - Systems Thinking
(17:31) - George Soros, Imperial Circle, and Liquidity
(25:17) - Strong Dollar, Weak Dollar
(34:30) - Between Two Pines
(36:31) - Changing Thoughts on the Fed Hikes End Goal
(37:12) - Getting a Trade Right for the Wrong Reasons
(40:44) - Read to "Collect Dots"
(43:28) - The "Santiago" Book Characters Behind Santiago Capital
(43:57) - Contrarian Views Can Be More Profitable than Consensus Views
(46:28) - Conference Tips From a Seasoned Guest Speaker
(48:52) - Plugs
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This Episode's Charity:
Brent chose Love4Satos. The charity is located in Puerto Rico and aims to find forever homes for stray dogs in the continental United States
Website & Where to Donate
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Referenced in the Show:
1) Imperial Circle Primer - George Soros
2) Milkshake Theory
3) 35 Books on Systems Thinking by Category (I recommend #1, #5, and #13).
4) The Alchemist by Paulo Coelho
5) The Old Man and the Sea by Ernest Hemingway
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Guest Plugs:
Brent Johnson X & MilkshakesPod X
Milkshake, Markets, and Madness Podcast
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Pinecone Macro Research aims to provide unique, well researched analysis of the global markets using a macro framework. Find us here: www.pineconemacro.com
Follow us and the show on Twitter: @PineconeMacro & @TaylorMadeMacro
Subscribe on Substack: https://substack.com/@pineconemacroresearch
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Bulwark Capital Management: https://bulwarkcapitalmgmt.com/
Disclaimer:
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The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor
