A framework for discretionary macro

FYFX Capital

Draft editorial

Connect the Thesis

Explain the policy, growth or cross-market relationship behind the view. Distinguish a broad narrative from the conditions under which a specific position becomes attractive.

Define Invalidation

Set out what evidence would change the view, how event risk is handled and how exposure is sized. This is a description of the review topics we welcome, not a recommendation to take a position.

Continue the Discussion

Explore our learning guides or introduce your approach through the Contact page. This is draft editorial content for review, not a performance claim or offer of capital.

Documenting a discretionary edge

Judgement becomes easier to evaluate when the reasons behind decisions are recorded.

2 min read

Research that can survive implementation