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Top Traders Unplugged

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

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 weeklyEpisodes978Founded12 years ago
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InvestingBusinessBusiness NewsNews

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Artwork for Top Traders Unplugged

Latest Episodes

Alan Dunne is joined by Mission Value Partners founder Andrew McDermott to challenge some of the conventional thinking around Japan. Andrew argues that Japan’s supposed “lost decades” look very different when viewed beyond GDP and stock market perfor... more

Niels Kaastrup-Larsen and Mark Rzepczynski explore why the changing structure of global markets may be creating a very different environment for trend followers. They discuss why today’s bond selloff may represent a return to normal rather than an an... more

Alan Dunne is joined by longtime Japan strategist Jesper Koll to explore why Japan may be entering one of its most important economic shifts in decades. Jesper explains why demographics and government debt are less threatening than many investors ass... more

Niels Kaastrup-Larsen and Katy Kaminski explore why geopolitical risk and structural inflation may be changing some of the assumptions behind traditional portfolios. Katy revisits her recent Copenhagen presentation on crisis alpha, explaining why bon... more

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Recent Guests

Jesper Koll
Japan strategist, macroeconomist and longtime resident of Japan who writes the Japan Optimist newsletter.
Monex Group
Episode: GM108: Maybe Japan Is Finally Changing for Real ft. Jesper Koll
Katy Kaminski
Trend-following researcher and investor who studies crisis alpha and portfolio design.
Quantica
Episode: SI422: Why Trend Following Rewards Patience ft. Katy Kaminski
Christian Mueller-Glissmann
Head of asset allocation research at Goldman Sachs
Goldman Sachs
Episode: UGO13: How Much Longer Can AI Carry the Market ft. Christian Mueller-Glissmann
Andrew Beer
Investor and managed futures industry entrepreneur
Episode: SI421: Taking CTAs Mainstream ft. Andrew Beer
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
Patrick Welton
Physician, trader and founder and CEO of Welton Investment Corporation
Welton Investment Corporation
Episode: TTU153: Why Investors Keep Getting Trend Following Wrong ft. Patrick Welton
Nick Baltas
Guest, investment professional discussed in-depth topics on AI and trend following
Episode: SI419: What Happens When AI Starts Building the Portfolio ft. Nick Baltas
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

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
  • Not like any other financial podcast

    Neil’s and team deliver quality economic analysis and observations, but mostly in regard to systematic strategies. Even if you are not a systematic investor you will learn from the framework and how it exploits market trends. This is valuable to all investors.

    Apple Podcasts
    5
    axu125
    United Statesa month ago
  • 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
    Australia3 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
    Sweden3 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.

Talking Points

Recent interactions between the hosts and their guests.

GM108: Maybe Japan Is Finally Changing for Real ft. Jesper Koll
Q: What are the signposts people should be watching in terms of what might motivate a faster base?
Koll says investors should monitor monthly data for continued domestic investment and corporate momentum. He also wants the government to show concrete, substantial public-private projects with credible potential returns, such as its semiconductor initiative.
GM108: Maybe Japan Is Finally Changing for Real ft. Jesper Koll
Q: What is the optimistic case for Japan?
Koll says Japan's industrial strengths, large creditor position and world-class engineering remain important advantages. Labor scarcity is also forcing companies to improve incentives and productivity, while corporate reforms and rising domestic returns are encouraging investment at home.
TTU153: Why Investors Keep Getting Trend Following Wrong ft. Patrick Welton
Q: How do we as trend followers really know when it's time to stop trading more assets?
Welton says managers should monitor execution costs and execution alpha objectively. A sustained rise in costs, possibly first visible in less-liquid markets, can signal that the strategy is pressing capacity.
TTU153: Why Investors Keep Getting Trend Following Wrong ft. Patrick Welton
Q: Does taking outside money change how risk is managed compared with trading as a proprietary trader?
Welton says it changes the manager's central obligation: client goals become the priority. That can mean tailoring exposure and volatility to the investor's needs rather than managing solely for a risk-adjusted return on the manager's own capital.
SI421: Taking CTAs Mainstream ft. Andrew Beer
Q: So, what do you think will make people kind of give in to the facts?
Beer says the industry can broaden adoption by connecting the strategy's role to allocator goals, using clearer language and concrete market examples, and setting realistic expectations. He also recommends diversification across managers instead of concentrating an allocation in one fund or trying to time the strategy.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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

How many episodes of Top Traders Unplugged are there?

Top Traders Unplugged launched 12 years ago and published 978 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. Jesper Koll
2. Katy Kaminski
3. Christian Mueller-Glissmann
4. Andrew Beer
5. Alex Edmans
6. Cem Karsan
7. Patrick Welton
8. Nick Baltas

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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