Investing in the Upside Down: Logica’s Michael Green Describes Why Passive Flows Corrupt... (EP.16)

[@TheBigXav]

Wow I have admired Mike Green in the past but never really understood his mandate and the foundations of his thesis until this interview. He is exemplary how absolutely one can talk about a system when they understand it so deeply. This puts the drivel they show on CNBC every day to shame. Kudos to the interviewer for facilitating this interview and their precise understanding of what mike is describing at each step. You have a new subscriber.

[@TheKumdoboy]

Michael is the smartest equity manger and foward thinker that i know

[@suzypinsent7611]

Wow.... followed by OMG now I understand how and why I have been self harming my wealth for the past 2 months. I only wished I had watched and seen this video and insight at the time it was published. I am in awe. Thank you both for your commitment to my education and understanding, its beyond appreciated.

[@thousandaireetf2683]

Great discussion the charts really helped with the concepts that Michael is explaining. 1. Does explain Tesla? Low float due to insider ownership therefore the market is trying to buy at “market cap weighted” buy only has access to 20 and not 100% of the shares? 2. As a discretionary quant convert you kept pointing out narrative. Aside from equities is there a current narrative that you think this phenomenon may debunk?

[@chinuind]

I’ve been thinking about these perversions for a few years and this was absolutely brilliant analysis. It’s funny how I have been buying options recently

[@LeroyPeterson]

How can these guys spend so much time doing podcasts but have such poor microphones and audio

[@IvanVesely920]

Isn't the long straddle the _simplest/dumbest_ way to trade long vol? It just means you have no directional bias = you have no idea where the market is more likely to go, you just expect it's gonna move.

[@lautaroparada950]

Indeed.

[@janegoodall1837]

It’s so incredibly clear that these guys primarily make money from fee’s, and not from equity growth. Their performance is terrible and it’s like people are paying them to sit around a cluck like a bunch of hens speculating while they risk nothing.

[@MrGman166]

You are wrong about the fee's structure as a income source. The money comes from trading movement of options on the basis that the market structure is mispricing risk across the broad spectrum of most equity by FED actions and passive influencing price of equity. This is long volatility strategy which is a component of macro investing. And also how is the perfomance terrible considering that the gains were made by predicting December crash of volatility etf products as well as minimizing return loss from massive draw down of March which reinforces the thesis of large actors influences direction of equity purchases. It seems from your comment that you are not that educated on macro investing from a long volatility stand point and you should try and study a broad spectrum of processes of how successful fund managers invest successfully rather than having a hollow perspective that judges an investment process without understanding the underlying goals and motives of those processes.