Practice 2: Sideline Your Ego like Kevin Muir

Apr 5

“When trading, are you more interested in being right, or are you more interested in making money? And I ultimately just look at it like ‘I just want to make money, and…make the best returns I can’, and so therefore I need to stay open to different ideas.”

— Kevin Muir, The Macro Tourist

Welcome Listeners,

Kevin Muir is the prototype for the kind of investor I want to highlight on this podcast. He is a truth-seeking scientist in the markets. He limits his ego, his need to be right, his need to sound smart, and he maximizes understanding how markets work and what the drivers are, so that he can be a better trader. He is open minded, shuns ideology in favor of winning, and he is a great guy and a blast to talk to, to boot. I appreciate all of that about Kev and I appreciate all he has done for me over the years, sharing my work with a broader audience. In this episode you get a front row seat into how Kevin thinks about learning, about changing his mind, about avoiding noise to focus on signal, and much much more.

Cheers,

Chase

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“If I wasn’t open to new ideas and I wasn’t open to kind of, understanding that the world has changed, and that how we think about the economy is changed, I would’ve never understood [MMT] and it would’ve really hurt my trading.”

— Kevin Muir, The Macro Tourist

Show Notes

The Transcript

Kevin’s Charity:

The Covenant House of Toronto aims to serve youth who are homeless, trafficked, or at risk. They’re located in the heart of Toronto and offer youth ages 16-24 essential services such as medical care, food, and shelter.

Kevin and Chase raised $100 for the charity this week!