I find Global Macro Investing super confusing because you can't really distinguish the good investors from the bad ones. The Warren Buffett-level guru for Global Macro is none other than George Soros himself. I attempted to understand his theory reflexivity a third time and have no idea how it can be used for trading my portfolio. It still appears to me that George Soros trades on his own gut-feel but had the time and luxury to create a philosophical framework around it so it seems more intellectual. Global Macro investors strike me as being very intuitive in their approach to money management which is fine so long as it make s money. Some Global Macro investors make money by carry trades. This is when you go long on any asset with high interest rates and short any asset with low interest rates. In the 1990s, a lot of boomers used ......