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Successful trading and investing have never been easy. Only very few can successfully encounter and navigate the turbulent waters of financial markets and remain standing nearly four decades later.
One of those who have managed this is Jonathan Baird, who in his long career (managing primarily international/global equity mutual funds) has managed three different number 1 ranked funds and has won a prestigious award for the best global equity fund in Canada.
Jonathan subscribes to the view that whilst the challenge is the market, the real enemy that we face is ourselves. This underlines his work, with a strong focus on being self-aware, challenging himself, managing himself, ensuring he aligns his work, his purpose and his personality in a way which is the most productive and effective for himself.
This is the drumbeat which we at AlphaMind bang loudly and firmly to traders, work on yourself, not purely on the technical aspects of markets or your system. Work on understanding your process and how you come to make decisions, choices, and actions. We believe that trying to solve the puzzle of the markets and where markets go is half the battle, and possibly the easier half. Trying to solve the puzzle of yourself and how you encounter markets, risk, uncertainty, how you take and manage risk, and how you deploy both your physical capital and your psychological capital. How you remain above the fray is vital, and that requires learning about yourself at a deep and conscious level. In this podcast interview, Jonathan talks about his personal journey and the challenges he faced and had to overcome.
Jonathan also believes that a high-quality source of independent analysis and opinion can make the process more efficient and lead to better-informed decisions. This has led Jonathan to start and distribute his own outstanding monthly newsletter, the Global Investment Letter, in which he provides outstanding and thought-provoking insights and analysis, and which is read by thousands of professional investors and money managers.
AlphaMind do not offer trading or investment advice and do not take responsibility for any investment or trading actions or decisions taken by clients or any observers of our material in any form of media, either now or in future.
Editors’ Picks
USD/JPY holds above 155.50 ahead of BoJ policy announcement
USD/JPY is trading tightly above 155.50, off multi-year highs ahead of the BoJ policy announcement. The Yen draws support from higher Japanese bond yields even as the Tokyo CPI inflation cooled more than expected.
AUD/USD consolidates gains above 0.6500 after Australian PPI data
AUD/USD is consolidating gains above 0.6500 in Asian trading on Friday. The pair capitalizes on an annual increase in Australian PPI data. Meanwhile, a softer US Dollar and improving market mood also underpin the Aussie ahead of the US PCE inflation data.
Gold price keeps its range around $2,330, awaits US PCE data
Gold price is consolidating Thursday's rebound early Friday. Gold price jumped after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could lower borrowing costs. Focus shifts to US PCE inflation on Friday.
Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high
Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.
US economy: Slower growth with stronger inflation
The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.
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