#2 - Practice 1: Use Systems Thinking Like Brent Johnson

"I have forced myself to be a rationalist...I force myself to understand that what I think is right or wrong has absolutely zero bearing on what the market is going to do." - Brent Johnson --Our inaugural episode highlights Chase's long-time mentor and friend, Brent Johnson. Brent Johnson is the founder of Santiago Capital and has more than 20 years of experience in finance. Chase and Brent discuss systems thinking, how they draw inspiration from people smarter than themselves, and how removing your own biases is a learned skill required to operate in the markets.--Timestamps:(00:00) - Intro(01:36) - How Chase and Brent Met(06:52) - Ground Rules(07:18) - Charity of Choice: Love4Satos(08:30) - Milkshake Theory Evolution & How to Approach the Markets (13:26) - Systems Thinking(17:31) - George Soros, Imperial Circle, and Liquidity(25:17) - Strong Dollar, Weak Dollar(34:30) - Between Two Pines(36:31) - Changing Thoughts on the Fed Hikes End Goal(37:12) - Getting a Trade Right for the Wrong Reasons(40:44) - Read to "Collect Dots"(43:28) - The "Santiago" Book Characters Behind Santiago Capital(43:57) - Contrarian Views Can Be More Profitable than Consensus Views(46:28) - Conference Tips From a Seasoned Guest Speaker(48:52) - Plugs--This Episode's Charity:Brent chose Love4Satos. The charity is located in Puerto Rico and aims to find forever homes for stray dogs in the continental United StatesWebsite & Where to Donate --Referenced in the Show:1) Imperial Circle Primer - George Soros2) Milkshake Theory 3) 35 Books on Systems Thinking by Category (I recommend #1, #5, and #13).4) The Alchemist by Paulo Coelho5) The Old Man and the Sea by Ernest Hemingway--Guest Plugs:Brent Johnson X & MilkshakesPod X Milkshake, Markets, and Madness Podcast--Pinecone Macro Research aims to provide unique, well researched analysis of the global markets using a macro framework. Find us here: www.pineconemacro.com Follow us and the show on Twitter: @PineconeMacro & @TaylorMadeMacroSubscribe on Substack: https://substack.com/@pineconemacroresearch--Bulwark Capital Management:

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Do you lie awake at night wondering how traders and investors do what they do? On Taylor Made Macro, we uncover how our guests navigate the complex contours of the markets and dig deep into their inspiration, processes, tools, and failures. If you are a curious, truth-seeking person, join us for the investing discussion, and stay for the humor and humility we approach these topics with. We’ll let others “stay on top of markets” while we “get to the bottom of markets”. Together we’ll learn how great investors have developed their investing style and what they’ve learned about themselves on their journey.