McCullough: Numbers Trump Nonsensical Narratives

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No punches were pulled this morning on The Macro Show when Hedgeye CEO Keith McCullough was asked whether Germany, Japan or China would be the biggest blowups in this bear market.

“The thing about narratives—and why so many people bite on them and click on them—is that they require literally no knowledge to believe them,” explains McCullough. “The thing about numbers is that it takes a shitload of work and a lot of discipline.”

“Don’t tell me how brilliant someone is, or what their SAT score is,” he adds. “Show me how they grind. Show me their process. Show me their routine. Show me their context. Show me every single word that comes out of their mouth mathematically when something that’s throw at them is bullish. Then we’ll be talking about someone who gets my respect.”

[DeRothschild]

Although I have problems with some of Keith’s trading methodology, I think he is among the best global macro analysts. It’s refreshing to hear his take on the big picture daily. If you’re not already a subscriber to the Macro Show, do it.

[chriss]

Exactly real TV!! Dnt bleep out the F bomb's, pleeaaaase!! 🤣 You guys rock!

[deevee]

Historical data rate of change supercedes narratives. Thanks Keith for that profound bit of wisdom, that's applicable in life as well as investing.

[dxem]

There's Nine German joke somewhere here 😂

[mattycsizmadi]

Those were Wise words I hope people are listening.... If they aren't it is going to be one Shocking slap across the face LOL. Thanks again to the whole Hedgeye Team. This is the kind of market to Educate, Learn in, and Listen to Wise I think the quote starts " Hard times make Strong Men... and Women. Cheers

[travissmith]

I love Keith but he told you to short the market 13% lower. Yikes. How about we just stay long in index funds and get +10% per year? Sounds more appealing to me.

[Theo-djvs]

He built his channel off batching about legacy thinking...now he cries only pros know "sharp ratio"...roflmao...hes clown

[p.barent]

Actually, Keith, you are wrong. There is no appropriate time to drop the "F-bomb." Apparently, you have deleted the word "professionalism" from your vocabulary. And you swear like a truck driver all the time--which is why I almost near bother to watch your podcasts. And, "Yes, " it does say something about myself--which, put simply, means that I refuse to dive into the toilet with you.