In the clip above from this morning’s edition of The Macro Show, Hedgeye CEO Keith McCullough walks subscribers through how he manages his gross and net exposures. To emphasize his point, he breaks out a matrix to describe what to do during #Quad2 versus #Quad4.
“I don’t target my net on the way down. I’ve been there, done that, and it sucks... Still to this day, l am bit of a cowboy when it comes to net,” McCullough says, while reminiscing on how he managed exposure during his days as a hedge fund manager.