Patrick is a finance professor, author, quantitative hedge fund manager, and financial historian. As a young investor in utility stocks, Patrick’s thirst to learn and apply the lessons of financial history kept him calm in the frenzied bubble markets of the late ’90s, and the losses suffered by his colleagues in the dot-com explosion. It helped me avoid most.
Patrick’s hard work and improved ability to spot opportunities have enabled him to develop valuable connections with mentors and business partners. His desire to analyze data and understand history led him to build a quant trading model, eventually launching his hedge fund Palomar his Capital.
This episode is packed with a wealth of information, wisdom, and humor.
Disclaimer
Trading in financial markets involves the risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Topic and Timestamp:
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- 0:00 background
- 4:00 How Patrick picked his first stock
- 5:33 How the internet and the dotcom boom affected Patrick
- 8:46 Was the dotcom boom very different from other bull markets?
- 14:02 Did the overvaluation of dotcom stocks drive Patrick to sell short?
- 18:18 Early Interest in Quantitative Trading
- 29:40 Patrick’s biggest loss and lesson
- 34:09 How the limits of quantitative trading have changed over the years
- 36:44 Do you need to think of new strategies often?
- 40:40 Is it easier or more difficult now than in the past?
- 43:50 2010 Flash Crash
- 48:10 Why there are only 22% of purely quantitative hedge funds
- 51:43 How was 2022 for Patrick?why he hates short
- 59:42 Risk management and false expectations
- 1:04:30 How to protect yourself from fraud
- 1:10:50 Will the old strategy be valid again?
- 1:13:49 Patrick’s biggest struggle in trading
- 1:16:20 How to contact Patrick
Patrick Boyle