The Trades of March 2020: A Shield Against Uncertainty

Description: *Hardcover Edition* Have you ever wondered what happens in the command control of a global macro hedge fund when US stock markets plunge 35 percent in just three weeks? Welcome to the mind of Alex Gurevich, Wall Street Journal Bestselling Author and Founder and CIO of HonTe Investments. As tragic events unfolded around the world, the pandemic ruptured the sequence of price action and devoured financial markets like a black hole. Through Gurevich's personal narrative and the team's actual Slack messages, The Trades of March 2020 follows their frenetic efforts to survive the crisis. From the first terrifying days of loss, both personal and professional, to the team's redoubled attempts to identify emerging opportunities, this account of crucial, in-the-moment decisions is a faithful record of the trading moves made in the unprecedented month of March 2020.Discover the thinking and investment philosophy that led HonTe to survive and ultimately thrive during one of the most extraordinary challenges of our time. "March 2020 was one of the largest financial shocks in history. Alex takes us on an incredible firsthand journey of how he very successfully navigated the turmoil, using his deep experience and knowledge, to make sense of it all and profit from this unprecedented event. For any student of the markets and investing, this book is as valuable as buying bond call options ahead of the crisis!"Raoul Pal, Co-Founder and CEO, Real Vision Group "Alex suggests the reader gets a glimpse into the command and control of a hedge fund—this is understatement. Prepare to be Captain Kirk navigating a treacherous black hole while fighting off Klingon warships. Having lived the experience of trading a hedge fund through the COVID-19-induced market crash of 2020 myself, I was transported back to the chaos as Alex careens across global markets. His depth of knowledge, combined with his exceptional positioning ahead of events, provides him a unique position from which to guide the reader. Alex faithfully shares both the tremendous successes and the missteps that he and his team experience. Few books have ever captured both the events and the trades that defined a market crash. This book does so brilliantly."Michael Green, Chief Strategist at Simplify, former CIO/Founder Ice Farm Advisors "Alex is one of the most extraordinary traders I have known. He has the rare ability to look through the daily 'noise' and form clear views of what should, or sometimes has to, happen in markets. He has a brilliant mind capable of describing those views to risk officers and investors to gain their confidence and support. In this book, Alex offers a glimpse into the psychology of a trader's life, capturing the emotions pervasive across trading rooms globally. This is not just for professional investors; at times it reads like a thriller appealing to a wide variety of interests."John Anderson, Co-Head of Fixed Income and Commodities at Millennium Management"I love the book. Alex is an incredibly engaging writer and writes with a lyrical quality that simply amazes me. The Trades of March 2020 places you at the side of a master trader as he navigates one of the most dangerous markets in memory...and comes out on top. This book not only reveals the logic of many profitable trades going into the pandemic but also describes how the trades fared in real time, providing invaluable insights that bridge the gap between 'good trade ideas' and 'profitable trading.'"Neil Chriss, PhD, CIO and Founder of Omnis Quantitative, former CIO/Founder of Hutchin Hill Capital"Alex takes the reader on a fast-paced, entertaining, and incredibly insightful journey through the pressure-cooker experience of actively trading the pandemic crash. You'll get an exhilarating front-row seat to watch the principles calmly and lucidly developed in his first book, The Next Perfect Trade, put to the ultimate test and see how those principles, forged from Alex's unique combination of rock-solid mathematical logic and highly sophisticated understanding of global financial markets, triumphed over one of finance's most chaotic white-knuckled periods ever!"David Puth, CEO at Centre, former Head of Currencies, Commodities, and Emerging Markets at JP Morgan, former CEO of CLS Bank"Alex has spent his career identifying and capitalizing on unique opportunities often overlooked by others. His ability to use both history and experience as a guide has led to exceptional results. His skills are fully evidenced in the remarkable story of The Trades of March 2020. I would suggest this book as essential reading for anyone who wishes to learn what it takes to operate as a true macro trader during what will be remembered as one of the most volatile periods in market history."Greg Howell, PhD, Co-Founder, Highbridge Statistical Arbitrage Group"The COVID crisis created unprecedented uncertainty. But Alex's book demonstrates how crises can be turned into opportunity. Alex is a trader who trades with conviction, and with conviction anchored in a durable long-term framework. His approach is unique, but very valuable for anyone trying to navigate macro markets, while leveraging the 'math of markets' to your own benefit. I strongly recommend Alex's new book."Jens Nordvig, Founder and CEO of Exante Data Inc, author of The Fall of the Euro: Reinventing the Eurozone and the Future of Global Investing"In 2016, I watched an interview with Alex and thought to myself, 'Wow, this guy is pretty smart.' I then ordered and read a book he had recently written. After doing so, I thought to myself, 'Wow, this guy isn't pretty smart...he is super smart.' And while I don't claim to have agreed with (or even understood!) all of his arguments, his book helped me to think through my own ideas and theories from a different point of view. I subsequently met and became friends with Alex. And, over a number of coffees, dinners, and hikes spanning the last five years, have been lucky enough to get regular updates on his perspectives. His newest book offers readers an unparalleled opportunity for a deep dive into the thoughts, psychology, and trade implementation of a macro manager during a historically unprecedented volatile month for global markets. I hope they enjoy reading this as much as I did."Brent Johnson, CEO of Santiago Capital

Price: 47.4 USD

Location: New York, New York

End Time: 2024-12-22T03:40:36.000Z

Shipping Cost: 5.38 USD