ALO01: Adapting to Market Cycles ft. Phil Huber

<p>Alan Dunne is joined today by Phil Huber, in the first of our new Allocator Series, to discuss the education gap that needs to be filled regarding efficient capital allocation, the typical clients and types of portfolios that Phil deals with, adjusting portfolios to accommodate for changing market cycles, defining ‘alternative investments’,&nbsp;the extent to which a portfolio should be actively managed, traditional versus alternative investments, the challenges of manager selection, cultivating a behavioural edge as an allocator, and how to manage difficult conversations with clients.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p><strong>In this episode, we discuss:</strong></p><ul><li>Better education around capital allocation</li><li>Allocating capital throughout various market cycles</li><li>How to define an ‘alternative investment’</li><li>How actively we should manage a portfolio</li><li>Traditional versus alternative investments</li><li>The difficulties in the manager selection process</li><li>Being a great behavioural investor as an allocator</li><li>Difficult conversations with clients</li><li>Advice for aspiring capital allocators</li></ul><br /><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Alan on <a href="https://twitter.com/alanjdunne" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>.</p><p>Follow Phil on <a href="https://twitter.com/bpsandpieces" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a><strong>.</strong></p><p>-----</p><p><br /></p><p><strong>Episode TimeStamps: </strong></p><p><strong>00:00</strong> - Intro</p><p><strong>02:44</strong> - How 2022 has been for allocators so far</p><p><strong>03:13</strong> - Phil Huber’s journey into investing</p><p><strong>05:46</strong> - Why Phil wrote a book on capital allocation</p><p><strong>09:00</strong> - The typical clients, and types of portfolios that Phil deals with</p><p><strong>12:07</strong> - The 60 / 40 portfolio and how it became so popular</p><p><strong>18:49</strong> - Adjusting portfolios to accommodate for changing market cycles</p><p><strong>22:37</strong> - Defining ‘alternative investments’</p><p><strong>30:27</strong> - Choosing which strategies to invest in, and when to choose these strategies</p><p><strong>37:45</strong> - The extent to which a portfolio should be actively managed</p><p><strong>39:36</strong> - Traditional versus alternative investments</p><p><strong>40:04</strong> - The challenges of manager selection</p><p><strong>49:51</strong> - Cultivating a behavioural edge as an allocator</p><p><strong>53:09</strong> - The importance of courage</p><p><strong>54:55</strong> - Managing difficult conversations with clients</p><p><strong>01:01:68</strong> -Advice for aspiring asset allocators</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. Daily Trend Barometer and Market Score </strong></p><p>One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>3. Other Resources that can help you</strong></p><p>And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. <a href="https://www.toptradersunplugged.com/resources/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p><a href="https://www.toptradersunplugged.com/legal/privacy-policy/" rel="noopener noreferrer" target="_blank">Privacy Policy</a></p><p><a href="https://www.toptradersunplugged.com/disclaimer/" rel="noopener noreferrer" target="_blank">Disclaimer</a></p>