Go Where the Trade Takes You: The Art of Finding Opportunity Everywhere

Short and Sweet for the holidays...

Global macro has been the theme of the week, but for me, it’s the theme of my life. Honestly, I don’t even like using terms like "macro" and "micro."

Macro means trading bonds, gold, country indices, and currencies. Micro means trading individual stocks. At the end of the day, trading is trading.

A good trader finds value everywhere. I’ll give money to someone in a completely random country for their business if the risk to reward makes sense. And yes, I’ve actually done that.

Jim Leitner said it best:

"I never lock myself down to investing in one style or in one country because the greatest trade in the world could be happening somewhere else. My advice is to make sure that you do not become too much of an expert in one area. Even if you see an area that is inefficient today, it’s likely that it won’t be inefficient tomorrow. Expertise is overrated."

That’s the key, go where the trade takes you. You might start with gold and find yourself looking at opportunities in Africa.

Maybe falling interest rates lead you to Japan, which gets you thinking about what that means for the yen, and before you know it, you’re evaluating a stock in Brazil.

So let’s keep our eyes open. Who knows what we’ll find?

Video:

Against All Odds Research

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