Giuseppe Paleologo - Multi-Manager Hedge Funds & Thinking Deeply About Simple Things (S7E11)

Bullish:

• $NVIDIA - Discussion about NVIDIA's performance and its relationship with momentum and crowding factors.

  • “Today, I made a $1,000,000 in NVIDIA, but my idiosyncratic P&L in NVIDIA is negative. I have actually made money, but how come my EDP and L in NVIDIA and maybe for my whole portfolio is negative?”

    Giuseppe·53:02

  • “NVIDIA is super long momentum, momentum out of field day 2. Put these two things together, and that's explaining more than the p and l that you experienced in NVIDIA.”

    Giuseppe·53:02
• $MOMENTUM FACTOR - Discussion about the momentum factor's impact on NVIDIA's performance.

  • “NVIDIA is super long momentum, momentum out of field day 2. Put these two things together, and that's explaining more than the p and l that you experienced in NVIDIA.”

    Giuseppe·53:02
• $CROWDING FACTOR - Discussion about the nature of crowding as a factor in factor models.

  • “Crowding is typically added as a factor in factor models, which is okay. I'm not saying that it's the wrong thing to do, but crowding is not a factor.”

    Giuseppe·56:04