A Short-Term Trader and Long-Term Investor Meet for the First Time | Tony Greer & Bogumil Baranowski

Описание: In this episode of Just Press Record, two very (VERY) different investors meet for the first time. Tony Greer, a short-term macro trader who lives in the rhythm of the tape, and Bogumil Baranowski, a long-term investor focused on owning great businesses for years, sit down to explore what really drives decision-making in markets and in life. What unfolds is a thoughtful and often hilarious conversation about psychology, time horizons, money, community, and the deeper motivations behind building something that lasts.

Plus - they're two of my favorite podcast/YouTube hosts and I couldn't believe they'd never met before! Check them out here:

‪@MacroDirtCast‬ ‪@talkingbillions‬

Main topics covered:

The psychology of selling and why parting with a winning position is so difficult
Trading versus long-term investing and how time horizon shapes behavior
The difference between a perfect stock and a perfect business
Growing up in very different environments and how that shapes risk tolerance
Lessons from options trading and learning what fits your temperament
Using time as an edge in both trading and investing
Building a business around community, trust, and recurring relationships
Client alignment and the idea of managing forgotten money
The tension between idea lunches and disciplined process
Indirect success and why focusing on relationships often leads to better outcomes

Timestamps:

00:00 Introduction and why these two had to meet
00:01 The hardest part of investing is knowing when to sell
00:03 Meet Bogumil and Tony
00:06 How they each found their way into markets
00:14 The Microsoft story and thinking about stocks vs businesses
00:18 The long-term investor’s dilemma with overheated stocks
00:22 Trading psychology and emotional attachment
00:24 Options trading lessons and knowing your temperament
00:29 Time as a weapon in markets
00:33 Owning a business vs watching a stock price
00:34 Building TG Macro and the power of community
00:46 Blue Infinity and managing forgotten money
00:56 The danger of idea lunches and forced stock picks
00:59 Talking Billions and building a platform around conversations

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