The MD and the PhD

The MD and the PhD

Jul 30, 2026 | Insights

What years of trading taught me about the two minds inside a good investor Adapted from the Podcast interview on The Derivative, in an episode titled, “Patrick Welton’s Journey from Stanford Oncologist to one of Trend Following’s Quiet Legends.” Not long...
Coffee Futures +217%, While Bonds Returned 6.4%

Coffee Futures +217%, While Bonds Returned 6.4%

Apr 27, 2026 | Chart Flash

Coffee futures returned +217% over the past five years. The S&P 500 gained +142%. US Bonds returned +6.4%. Each moved for different reasons. Stocks followed earnings expectations. Bonds tracked the rate cycle. But coffee prices surged on weather disruptions, crop...
Talking Hedge | Austin, TX

Talking Hedge | Austin, TX

Apr 23, 2026 | Events

Talking Hedge Austin, 2026 May 20 & 21, 2026 Location:  The Stephen F. Austin Royal Sonesta Hotel, Austin, TX Event Topic: Protecting Portfolios with Diversifying Strategies Protecting Portfolios with Diversifying Strategies In-Person Conference As recent regime...
A New Playbook for Client Portfolios

A New Playbook for Client Portfolios

Feb 4, 2026 | Insights

Asset allocation has always been about balance—finding the right mix of investments to deliver returns, manage risk, and meet client goals. But as markets grow more complex and volatile, the old playbook is no longer enough. Today’s investors expect not just growth...
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