Chris Camillo: Going from $20k to $25 million

Chris Camillo of Dumb Money is a believer that the retail investor can have an advantage over Wall Street, and he’s developed his own investing and trading strategy which he calls social arbitrage trading. Correction: in the video I noted Chris pulled $40m+ in profits in addition to his $25m account balance but appears that the $40m+ in profits includes his account balance as here's what he messaged me prior to the interview: "My most recent audit was performed in June and it showed $42M of trading profits over the past 15 yrs from a base starting point of under $100k."

  / chriscamillo  
Dumb Money Live on Youtube,    / dumbmoneylive  
Dumb Money on Youtube,    / dumbmoney  

Timestamps:
00:00:54 portfolio performance and background
00:08:22 do you have a IRA or Roth?
00:09:26 secret sauce on how you have had an average 80% annual return
00:15:26 Private Tech Company called Ticker Tags
00:22:17 Wall Street investors are consumed with more noise than you think
00:24:06 What is the Wall Street disadvantage vs what is the retail investor advantage?
00:31:30 Peter Lynch investing inspired and another revelation…observation
00:36:21 Pros and cons of your type of trading, what about volatility?
00:39:15 How do you keep track of macro events, such as Delta Variant
00:42:15 The one advantage Wall Street has over retail investors
00:44:18 Typical holding time for your trades and positions?
00:45:50 Do you have a threshold to take profits?
00:47:57 How I think about executing these trades
00:48:40 stock or call options? How do you decide?
00:50:00 conviction stocks, how much do you leverage?
00:54:23 I took a $750k hit, ouch
56:00 Highest conviction trade…COVID
1:01:00 Very similar to Emmet, perspective of the trader
1:03:00 do you need to be detached and look at something objectively? And can anyone can do it?
1:07:00 being mentally prepared and black swan events
1:09:15 Do you have a broad interest in things? More of a jack of all trades than a master of one? Expose yourself and find change!
1:12:42 How do you learn about new areas?
1:16:20 Be interested in culture and social behavior, Wall Street likes numbers
1:21:46 Dave pushes back on anyone can do it 😏
1:25:05 Automatically buying stock and watch out of your own biases
1:27:00 Different from Peter Lynch, don’t just invest in what you know but invest in what you see
1:31:00 what advice do you want to give to new investors
1:37:55 Long term biases trades, do you do it?
1:41:15 What conviction on peloton is derived from seeing vs macro culture shift?
1:41:40 Wall Street can’t measure the depth of passion
1:46:00 Try to find people’s depth of passion and go against the herd
1:50:45 Having an audience adds another variable, does it add more complexity?
1:53:40 Wanting to grow exponentially, does psychologically mess with you? When is it enough?
1:57:00 did you at all de-risk? I’m ok with losing 70% of my net-worth. Bucket your risk
2:00:00 do you invest in crypto currencies

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