#1 - What is Taylor Made Macro?
Welcome to Taylor Made Macro! This episode is a quick primer to let y'all know who I am, what I do and what this podcast is going to be all about.
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Pinecone Macro: https://www.pineconemacro.com/
X: https://twitter.com/pineconemacro
Substack: https://substack.com/@pineconemacroresearch
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Pinecone Macro Research aims to provide unique, well researched analysis of the global markets using a macro framework.
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Disclaimer:
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The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor
Transcript
What to do y'all chase Taylor here with the first episode of Taylor made macro.
Speaker:The next episode will be my first interview, but I want to start it
Speaker:with a quick podcast primer and let you know who I am, what I do and what
Speaker:this podcast is going to be all about.
Speaker:My tagline for the show is we let others stay on top of markets while
Speaker:we try and get to the bottom of them.
Speaker:What does that mean?
Speaker:It means we're not here to talk about the S and P or the 10 year yield and where
Speaker:they're going to be next week, or what our guess is on the next inflation print.
Speaker:There's a million other finance podcasts where you can find that
Speaker:kind of content and hot stock tips.
Speaker:The show will be more about thinking and the actual tools investors use on a daily
Speaker:basis, how smart investors think evolve, generate ideas and execute on them.
Speaker:And most importantly, how to deal with mistakes and failures in their thinking.
Speaker:You could be on the Mount Rushmore of investing with a 50 percent hit rate.
Speaker:So thinking about mistakes is at least half as important
Speaker:as thinking about the wins.
Speaker:For me, at least 80 percent of my learning and growth has been from
Speaker:thinking deeply about mistakes.
Speaker:Thinking about your losses and your analytical failures may be the most
Speaker:important mental aspect of investing.
Speaker:I think Adam Smith captured it perfectly in 1759 when he said, quote, it is so
Speaker:disagreeable to think ill of ourselves that we often purposely turn away our
Speaker:view from those circumstances, which might render that judgment unfavorable.
Speaker:He is a bold surgeon.
Speaker:They say whose hand does not tremble when he performs an
Speaker:operation upon his own person.
Speaker:And he is often equally bold who does not hesitate to pull off the mysterious
Speaker:veil of self delusion, which covers from his view, the deformities of his own
Speaker:conduct, that is one of the main points of this podcast to allow ourselves and
Speaker:our guests to be bold surgeons so that we can all learn together needs to say,
Speaker:I'm not going to be interviewing any egotistical or ideological investors.
Speaker:I want high rung thinkers.
Speaker:Why do I want my podcast to focus on process and thinking instead of where
Speaker:the tenure will trade next month, because this is where the real alpha is,
Speaker:not just market alpha, but life alpha.
Speaker:And I want it for myself and I want to share it with listeners.
Speaker:If you're an investment professional, you probably already
Speaker:crave this kind of content.
Speaker:And if you're new to investing, just trust me, after you read the best 100 books on
Speaker:investing and listen to experts, explain investments, you will crave growth in
Speaker:how you think the books I've read on thinking have been more impactful for me
Speaker:than the books I've read on investing.
Speaker:And honestly, I wish I read those first.
Speaker:I want to quickly explain some of the quirks I have planned for the show.
Speaker:Then I'll tell you a little bit about me.
Speaker:First, each guest will offer up a charity.
Speaker:We may be able to raise a few dollars for on the show.
Speaker:If they slip up.
Speaker:Every question I ask is going to be a great question, of course.
Speaker:So if they ever say some derivative of good question, I'm going to hit this
Speaker:buzzer and then they're going to have to donate a few bucks to a good cause.
Speaker:We'll also have a segment I call between two pines for guests.
Speaker:I know well enough to mess with where I'm going to offer up a bit of a roast
Speaker:style set of questions for the guests in the style of Zach Galifianakis
Speaker:on between two ferns, again, only guests I know well, because I don't
Speaker:want to hold back in the segment.
Speaker:Finance podcast can be a bit stuffy.
Speaker:So I want to make you laugh at the expense of my guests.
Speaker:Lastly, I do plan a few book episodes from time to time.
Speaker:Speaking of stuffy, where I plan to bring a book I love to life for you so
Speaker:that you can save a few hours of reading the filler in it is familiar with the
Speaker:founders podcast with David Sendra.
Speaker:I'm aiming for that, but probably not as many biographies and probably more
Speaker:books about investing and thinking also, it's probably not gonna be as good as
Speaker:that podcast because it's incredible.
Speaker:And if you haven't listened to it, you should go check it out.
Speaker:We'll not be starting with any advertisers other than 22nd pitch for
Speaker:our own wares, but I'm not here to promise no advertisers ever, like a
Speaker:lot of podcasts do make no mistake.
Speaker:I'm here to make Joe Rogan money.
Speaker:So I'm not here for my own health.
Speaker:Also, we're going to be putting these up on YouTube and eventually with video,
Speaker:but it's going to start out audio only.
Speaker:Cause I'm going to be fumbling over a bunch of notes.
Speaker:Early on.
Speaker:you can check out our Twitter page at Taylor made macro for updates
Speaker:along the way and interesting notes from the shows and our guests
Speaker:can also go to pinecone macro.
Speaker:com.
Speaker:Click on the podcast tab.
Speaker:We hope to have show notes and some charts and some highlights
Speaker:from each show up on the website.
Speaker:Not gonna be that guy that tells you to go like us and review us on iTunes.
Speaker:But what I will say is if you do like the show, tell a friend, and if you
Speaker:hate it tell that relative you despise.
Speaker:All right.
Speaker:Lastly, a little bit about me.
Speaker:I'm in the founder of pine cone, macro research, research firm that serves
Speaker:ultra low net worth family offices, AKA.
Speaker:Retail home gamers, as well as institutional clients.
Speaker:So I like to do both.
Speaker:I'm also the head of research at Bulwark capital and investment
Speaker:firm in Tacoma, Washington.
Speaker:At the end of the day, I'm just a guy that's obsessed with markets
Speaker:and investing because I'm endlessly curious about finance, economics,
Speaker:politics, history, psychology, sociology, biology, you name it.
Speaker:And markets are just a giant intersection of all that every day
Speaker:in the form of an unsolvable puzzle.
Speaker:Plus I'm competitive and I love the fact that the market
Speaker:grades your work every day.
Speaker:And you get to experience accomplishment and joy, a long time, shame and defeat
Speaker:often all in the same week with that said, I have no formal investment training.
Speaker:My work background is one of service and my education background is in
Speaker:intelligence studies and foresight.
Speaker:I spent just under 17 years in the United States air force, where I
Speaker:worked on B1 bomber avionics, then worked as a geospatial intelligence
Speaker:analyst before finally working as an acquisitions officer.
Speaker:Working at a government research lab and an intelligence agency.
Speaker:I'm finishing graduate work in foresight right now, where I'm
Speaker:studying change and how to think analytically about the future.
Speaker:It is much more satisfying than the MBA.
Speaker:I walked out on when presented with a formula for how to
Speaker:precisely value a stock.
Speaker:We're not working on the markets and probably watching sports or finding a
Speaker:way to be on water or in the mountains with my family, I appreciate you
Speaker:listening to the short podcast about the coming podcasts, and I hope you
Speaker:will join me on what promises to be a fun journey full of growth and full
Speaker:of adding intellectual arrows to our collective investing quiver cheers.
