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.”
Welcome Listeners,
Everyone thinks of Brent as a simple dollar up guy, but he is much more than that. I aimed to uncover his processes that lead him to his thesis in this week’s episode. What gets lost in Brent’s conclusion about the dollar is all the work he did on the entire global financial system to reach that conclusion, not to mention the trading he does around his conclusion. More than that though, Brent is a friend that has done so much for me, and I wanted to honor what his mentorship has given me by making him my first guest. If you enjoy systems thinking, uncovering a thesis in the ashes of your last wrong thesis, and want to hear me give Brent a hard time about Nebraska and San Francisco - check it out!
Cheers,
Chase
Show Notes
The Transcript
Two good videos for Milkshake Theory Background:
1 - Real Vision (via YouTube for free) from 5 years ago
Brent’s Charity:
Love4Satos is located in Puerto Rico and aims to find forever homes for stray dogs in the continental United States.
Books Mentioned:
The Old Man and the Sea by Ernest Hemingway
Systems Thinking Resources:
35 Books on Systems Thinking by Category (I recommend #1, #5, and #13).
Brent’s Plugs:
Santiago Capital: https://santiagocapital.com/
X: https://twitter.com/SantiagoAuFund
Milkshake, Markets, and Madness: https://pod.link/1657321322
MilkshakesPod X: https://twitter.com/MilkshakesPod
