The tweet was deleted by the author.
But we saved everything 🙂.
Andy Constan, founder and strategist at Damped Spring Macro, shares key principles for trading and investing during a bubble regime.
Constan advises always owning beta, avoiding leverage, overweighting professionally managed cheap trend following managers, and never shorting the rally. He emphasizes these points as vital guidelines for navigating speculative markets.
Constan has previously addressed compensation challenges in the industry, describing the difficulties of stock-based compensation at Salomon Brothers, where firm shares underperformed the S&P 500. He has also cited options pricing that indicates a 70 percent chance of the Nasdaq reaching 8000 in 2026. These comments add context to his latest guidance on trading in speculative markets.