Our session with Cameron Khajavi was exceptional, a true masterclass in low-net, factor-aware long/short investing.
Phoenix members can now watch the full recording on our platform. It is one of those timeless tapes that deserves to be studied carefully and one that you will come back to repeatedly, each time picking up something new.
We covered many aspects of the investment process, including idea generation, risk management and portfolio construction.
Instead of trying to cover all core takeaways, which are more than I could reasonably summarize here, I will highlight a few notable ideas around his risk/reward, expected value framework, short and long-term box alignment and unique use of factors. I will also touch on factor models leading to crowding, drawdowns and dislocations driven by low drawdown limits and alt-data driven trades.
Let’s get into it.