{"podcast":{"title":"Top Traders Unplugged","slug":"top-traders-unplugged-761537","podcast_index_feed_id":761537,"rss_url":"https://feeds.captivate.fm/top-traders-unplugged/","website_url":"https://www.toptradersunplugged.com","image_url":"https://artwork.captivate.fm/bfa6862a-fa82-47dc-992e-4d07b053c894/ttu-logo-3000.jpg","author":"Niels Kaastrup-Larsen","episode_count":953,"summary":"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 ideas, mental models, and risk frameworks behind robust performance. If you're building resilient portfolios, allocating capital, or simply looking to cut through the noise - this is your edge. Clear thinking. Deep insights. Real experience. 🎧 New episodes weekly. Explore all episodes at toptradersunplugged.com https://toptradersunplugged.com","last_synced_at":"2026-08-01T12:21:31.022736+00:00","page_url":"https://stenobird.com/podcast/top-traders-unplugged-761537"},"episode":{"title":"OI21: The Hidden Edge in Markets No One Is Trading ft. Tom Babbedge","slug":"oi21-the-hidden-edge-in-markets-no-one-is-trading-ft-tom-babbedge","published_at":"2026-04-08T04:00:00+00:00","page_url":"https://stenobird.com/podcast/top-traders-unplugged-761537/oi21-the-hidden-edge-in-markets-no-one-is-trading-ft-tom-babbedge","show_page_url":"https://stenobird.com/podcast/top-traders-unplugged-761537","url":"http://localhost:8888/TopTradersUnplugged/ttu-2021/homepage/oi21-the-hidden-edge-in-markets-no-one-is-trading-ft-tom-babbedge","audio_url":"https://episodes.captivate.fm/episode/6af24275-833b-4d4b-ae9d-55274395b4c5.mp3","summary":"What if the real edge in markets is not in adding more assets, but in choosing fundamentally different ones? In this episode, Moritz Siebert speaks with Tom Babbedge about why alternative commodity markets offer a distinct source of diversification and trend. They explore how structural supply and demand imbalances create persistent price moves, why many financial markets behave as one during stress, and how capacity constraints shape portfolio construction. The conversation also examines how markets are selected, how execution differs from traditional CTAs, and why understanding who trades a market may matter more than any backtest. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written  here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to  info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on  iTunes  or Spotify so more people can discover the podcast. Follow Moritz on Twitter . Follow Tom on LinkedIn. Episode TimeStamps: 00:00 - Introduction to the episode and guest 02:04 - Why focus only on commodity markets 03:59 - The myth of diversification through more markets 05:01 - Structural differences within commodity markets 06:22 - Why financial markets behave as one in crises 07:57 - Capacity constraints and portfolio construction 11:18 - Adding and removing markets from the portfolio 13:28 -…","meta_description":"What if the real edge in markets is not in adding more assets, but in choosing fundamentally different ones? In this episode, Moritz Siebert speaks with T…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2853,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/top-traders-unplugged-761537/episodes/oi21-the-hidden-edge-in-markets-no-one-is-trading-ft-tom-babbedge/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/top-traders-unplugged-761537/oi21-the-hidden-edge-in-markets-no-one-is-trading-ft-tom-babbedge.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}