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Top Traders Unplugged

Niels Kaastrup-Larsen
Trend Following
Inflation
Volatility
China
Investment Strategies
Managed Futures
Global Economy
Artificial Intelligence
Federal Reserve
Equities
Hedge Funds
Commodities
Systematic Investing
Interest Rates
Gold
Ctas
Risk Management
Central Banks
Tariffs
U.S. Economy

Top Traders Unplugged is where the world’s best investors come to share how they think - not just what they trade. Hosted by Niels Kaastrup-Larsen, the show goes deep into systematic trend following, global macro, and the principles that drive long-term success. No forecasts. No fads. Just real conversations with hedge fund managers, economists, authors, and allocators - revealing the timeless ide... more

PublishesTwice weeklyEpisodes973Founded12 years ago
Number of ListenersCategories
InvestingBusinessBusiness NewsNews

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Artwork for Top Traders Unplugged

Latest Episodes

How reliable is 60/40 when stocks and bonds fall together? Andrew Beer joins Niels Kaastrup-Larsen to question the return forecasts and diversification assumptions behind traditional asset allocation. They explore how a systematic, non-emotional appr... more

In today’s episode we talk with London Business School professor Alex Edmans. He has spoken at Davos, testified in the UK House of Commons and reached millions through his TED Talks. He joins the show to discuss his new book, THE MADNESS OF MARKETS, ... more

Alan Dunne is joined by Cem Karsan to examine the forces pushing bond yields higher and why he believes markets are becoming increasingly fragile. Cem argues that refinancing pressures, persistent inflation, declining foreign demand for Treasuries an... more

Niels Kaastrup-Larsen and Alan Dunne are joined by Welton Investment Corporation founder Patrick Welton to explore what four decades in markets have taught him about trading, risk and managing other people’s money. Pat shares lessons from his encount... more

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Recent Guests

Alex Edmans
Professor of Finance at London Business School, author of The Madness of Markets
London Business School
Episode: IL54: Why Smart Investors Keep Making Crazy Decisions ft. Alex Edmans
Cem Karsan
Macro investor and guest expert
Episode: SI420: The Market Might Be More Fragile Than It Looks ft. Cem Karsan
Cory Paddock
Co-founder of GBE Energy, a power trading business
GBE Energy
Episode: OI24: Why Power Trading Is 10 Times Crazier Than Crypto ft. Cory Paddock
Robin Wigglesworth
Long-time financial journalist and editor of Alphaville at Financial Times
Financial Times
Episode: IL53: How Bonds Quietly Built the Modern World ft. Robin Wigglesworth
Matt Klein
Author of Overshoot Research Publication; former journalist at The Economist, Bloomberg Barons, FT Alpha
Overshoot Research / The Economist / Bloomberg Barons / FT Alpha
Episode: GM107: What If AI Actually Pushes Interest Rates Higher? ft. Matt Klein
Marvin Barth
Founder of Thematic Markets
Thematic Markets
Episode: GM106: What Happens When the Debt Finally Matters ft. Marvin Barth
David Booth
Founder and Chairman of Dimensional Fund Advisors
Dimensional Fund Advisors
Episode: IL52: Why Staying Calm Is the Ultimate Investing Edge ft. David Booth
Mike Pyle
Deputy Head of BlackRock's Portfolio Management Group; former Global Chief Investment Strategist; former U.S. government policy official
BlackRock
Episode: ALO38: Why the Old Rules of Diversification Are Changing ft. Mike Pyle
Charles-Henry Monchau
CIO of CIS Private Bank in Geneva
CIS Private Bank
Episode: ALO37: Investing in the New World Order ft. Charles-Henry Monchau

Hosts

Niels Kaastrup-Larsen
Host of the show; guides discussion, introduces topics, and anchors conversations with emphasis on risk-aware macro and systematic investing.
Alan Dunne
Host and quant/systematic investing expert; contributes practical perspective on trend following and risk management.

Reviews

4.9 out of 5 stars from 1.7k ratings
  • Ages like a fine wine

    As a private investor, finding systematic and quantitative insights that cut through the noise is rare. Top Traders Unplugged is one of those shows that actually gets better with age—just like a fine wine. The deep-dive discussions on macro, risk, and process offer timeless value for anyone managing their own capital. High quality from start to finish.

    Apple Podcasts
    5
    Sixt Great
    Sweden2 months ago
  • #1 Investment Podcast

    I’ve listened to almost all 837 episodes in the TTU archives. The stature and quality of the guests are unrivaled, greatly benefitting both my trading and investment skills.

    Apple Podcasts
    5
    MarketNeutral22
    United States2 months ago
  • Intelligent pod

    Really great guests and always thought provoking

    Apple Podcasts
    5
    пфяяф
    Australia2 months ago
  • More than a podcast

    I have been listening to Top Traders Unplugged for the last 10 years. While the podcast is centred around investing, and more specifically systematic investing and trend following, what has kept me coming back is that it is really about learning how to think.

    The conversations are thoughtful, honest and grounded in a genuine search for objective truth rather than the latest market narrative. That feels increasingly rare today.

    I also like how the different series fit together. Each brings a sl... more

    Apple Podcasts
    5
    Anton_sf
    Sweden2 months ago
  • Great communication from real industry titans

    I’ve been following TTU for a few years now, and I enjoy it more and more as I get smarter for each episode so I can follow more of what's being discussed, which is saying something for a 22-year-old systematic investor. What I like most is that they bring on true industry experts: CTAs, trend followers, and options specialists with decades of experience, who break things down to a base level and build them back up over the course of each episode.

    Apple Podcasts
    5
    Nikolaj R Pedersen
    Denmark2 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Listeners praise the depth and practicality of insights from experienced guests.
Show consistently delivers expert perspectives on macro, trend following, and risk management.
Guests are described as highly knowledgeable with clear, thoughtful explanations.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#154
United States/Business/Investing
Apple Podcasts
#69
United Kingdom/Business/Investing
Apple Podcasts
#145
Canada/Business/Investing
Apple Podcasts
#202
Canada/Business
Apple Podcasts
#207
United Kingdom/Business
Apple Podcasts
#138
Australia/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

IL54: Why Smart Investors Keep Making Crazy Decisions ft. Alex Edmans
Q: What is the 'Outsource The Ugly Decisions' concept and how is it applied?
Delegate or involve someone you trust (spouse, risk manager) to trigger exits when predefined kill criteria are met, helping you act on objective rules rather than emotional impulse.
IL54: Why Smart Investors Keep Making Crazy Decisions ft. Alex Edmans
Q: How can individual investors use these ideas to avoid trading on emotion?
Use practical steps like not checking the portfolio too often, writing down both the bull and bear cases, and monitoring mood during decisions; implement level two strategies targeting less-covered stock areas, and use 'rolling' to manage the disposition effect.
IL54: Why Smart Investors Keep Making Crazy Decisions ft. Alex Edmans
Q: What exactly is momentum in markets and why is it a bias-based strategy?
Momentum is buying recent winners and selling recent losers based on underreaction to information; it tends to outperform over time across assets, but crashes can be severe, especially when investors fear the downside. The key is understanding the bias (underreaction) and recognizing when to exit during crashes, such as high volatility periods.
SI418: Why Markets Are More Alive Than We Think ft. Richard Brennan
Q: How do you respond to a future that is not yet written?
By trading as a broad, adaptive process, accepting many small losses, using trailing exits, and staying with trends when they develop, rather than attempting to predict the exact turning points.
IL53: How Bonds Quietly Built the Modern World ft. Robin Wigglesworth
Q: What impact did Michael Milken have on the bond markets and how do you view his legacy today?
Milken shifted junk bonds from a niche strategy into a systemic market by innovating the primary high-yield issuance framework, which transformed corporate finance, unlocked capital, and catalyzed ongoing innovations in private credit and leveraged finance, while also highlighting the risks of market dynamism and regulation.

Audience Metrics

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Frequently Asked Questions About Top Traders Unplugged

What is Top Traders Unplugged about and what kind of topics does it cover?

This show consistently explores macro dynamics, trend-following strategies, and risk-aware portfolio construction through conversations with traders, economists, and fund managers. Episodes thread together themes like market structure, liquidity, regime shifts, and the evolving role of technology (including AI) in investing, often grounding discussions in practical capital management, risk controls, and real-world portfolio design. A notable edge is the depth and openness of the dialogue—guests span scalar macro views, quant-driven methods, and endowment-style governance—providing listeners with frameworks to think critically about diversification, leverage, and execution in complex markets.

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Which podcasts are similar to Top Traders Unplugged?

These podcasts share a similar audience with Top Traders Unplugged:

1. Macro Voices
2. Excess Returns
3. Forward Guidance
4. Monetary Matters with Jack Farley
5. The Market Huddle

How many episodes of Top Traders Unplugged are there?

Top Traders Unplugged launched 12 years ago and published 973 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Top Traders Unplugged?

Recent guests on Top Traders Unplugged include:

1. Alex Edmans
2. Cem Karsan
3. Cory Paddock
4. Robin Wigglesworth
5. Matt Klein
6. Marvin Barth
7. David Booth
8. Mike Pyle

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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