Ep. 104: Andy Constan on Lessons From Bridgewater, Equity Valuations and Top Trades

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Andy Constan has spent the past 33 years investing and trading global markets. He’s worked at leading hedge funds Bridgewater Associates and Brevan Howard as Chief Strategist. Andy started his career at Salomon Brothers. He is the founder of Damped Spring Advisors. In this podcast we discuss:

1. What Andy learned from Bridgewater and Brevan Howard
2. Setting up all-weather portfolios
3. The problem with bonds
4. How to outperform the market
5. Using flow and position data and macro news
6. The impact of mortgage convexity hedging on bonds
7. What is next for the Fed
8. Whether equities are overvalued?
9. Europe’s tight financial conditions
10. Views on inflation
11. Favourite trades
12. Books that influenced Andy: Reminiscences of a Stock Operator (Lefevre), The Handbook of Fixed Income Securities (Fabozzi), Options, Futures, and Other Derivatives (Hull), Principles: Life and Work (Dalio) and Liar’s Poker (Lewis)

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You can read the transcript for this podcast here.

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(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)