I follow a couple of macro investors out there and Mark Dow of ‘Behavioral Macro‘ is worth following.
Dow was an economist with various stints in Wall Street institutions and even the International Monetary Fund (IMF). He currently manages a family office based out in Southern California.
Here’s some of my takeaways from the interview:
There are many who are good at reading patterns and understanding market rhythms, but they are not skilled in taking risk when the time calls for it. ‘When it comes to taking risk, one has to be aggressive, and one has to know when exactly to be aggressive and when to lay off’. The first level is knowing when not to take bad risk (huge risk at the wrong time), the next level is …