The Perfect Trade – Marcus Aurelius Joins Me On ‘Panic With Friends’ to Discuss ‘Crisis Chasing’

Before I get started…my pal Phil Pearlman had the perfect tweet to summarize the last month in American business:

We went from Trillion Dollar Market Caps to Trillion Dollar Bailouts in one month.


I meet tens of thousands of traders and investors on Stocktwits and this year one has really stood out. His name is Marcus and he goes by Marcus Aurelius on Stocktwits. In February he began journalling a trade that had him very short the S&P. Marcus is an options trader and a student of Nassim Taleb (author of many books including Antifragile). I followed along over the last month as made incredible profits from the trade. The powerful thing about Stocktwits is the timeline. There is no deleting messages. Marcus comes to Stocktwits to journal his investing ideas.

In today’s ‘Panic With Friends’ Marcus walks me through the decisions and the timeline which is fascinating. You can hear what he thinks comes next. It is NOT the end of the world, but it is involves a lot more grief and pain. I learned a ton from the conversation.

You can listen to the episode here. You can listen to any/all of the 26 Panic With Friends right here.