In this podcast, Eric Peters discusses the journey of his firm, One River Asset Management, and its recent acquisition by Coinbase. He explains how his focus has shifted from personalized macro strategies to a comprehensive portfolio approach aimed at mitigating risk. This strategy incorporates systematic long equity volatility, trend-following, and effective rebalancing techniques. Peters underscores the importance of navigating challenging market conditions while aiming for strong compounding returns and controlled drawdowns. He also remains optimistic about Bitcoin, praising its distinctive qualities as a store of value and its potential for substantial growth as technology and adoption evolve. Additionally, he raises concerns about increasing illiquidity risks in the market but identifies a potential positive scenario driven by robust US economic performance and greater global cryptocurrency adoption.
