Position Sizing is KING: Luke Gromen's Lesson from His Biggest Investment Mistake

Описание: Luke Gromen: US Debt Crisis, Treasury Risks & His Worst Investment Ever

Join Andrew Stotz on My Worst Investment Ever as he interviews Luke Gromen, founder of macro research firm FFTT and one of the most respected “dot connectors” in global macroeconomics. With 25+ years of experience, Luke shares big-picture insights on US debt, treasury market risks, and how political and economic incentives shape markets, plus the story of his biggest investment loss and what he learned.

In this episode:
*Macroeconomic Dot Connecting: How Luke spots patterns in global data to uncover investable trends.

*US Debt & Treasury Market Risks: Why foreign buyers are disappearing, the Fed as “buyer of last resort,” and the $18T foreign asset imbalance.

*Weaponizing the US Financial System: How sanctions, reserve seizures, and FATCA power are driving central banks toward gold and away from Treasuries.

*US Economic Vulnerability: Why the US can’t afford a major recession or asset price drop without triggering a debt crisis.

Luke’s investment advice:

*1-Year View: Own short-term US Treasuries, quality dividend stocks, avoid long-term US bonds.

*5–10 Year View: Diversify globally; hold gold, Bitcoin, equities, commodities, and real estate.

His worst investment ever:
A private equity bet in 2000–2001 that wiped out 25–30% of his net worth after overestimating a startup’s potential and getting emotionally attached.
Key lessons:
*Start small and scale in.
*Avoid illiquidity traps.
*Get valuation right from the start.
*The founder must be able to sell.
*Stay emotionally detached.

This episode blends macro strategy with hard-learned personal lessons—essential listening for anyone navigating today’s volatile markets.

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In this episode, Andrew interviews Luke about his worst investment experience and discusses how to reduce *risk**. They touch on the importance of understanding **market trends* and the value of *stock market analysis**. Learn about **macro investing* and how it can help you navigate the **financial markets**.