Contrarian Investor Warns About Buying the Dip with Jason Shapiro

Interview recorded - 7th of April, 2025

On this episode of the WTFinance podcast I had the pleasure of welcoming back Jason Shapiro. Jason is a hedge fund manager and trading legend with 30+ years of trading experience. He was also featured in the book "Unknown Market Wizards". 

0:00 - Introduction
1:20 - What are we seeing?
3:12 - Comparison to other periods?
7:53 - Who is selling?
12:30 - Contrarian investors.
16:03 - Current investor positioning
17:08 - Markets more volatile?
19:46 - Assets Jason is watching?
22:43 - Long time to learn trading
26:08 - Largest mistakes traders make
28:13 - What is a bad decision?
30:08 - What would make you change your strategy?
32:38 - Human nature
34:12 - Bad news, no reaction
36:48 - One message to takeaway?

With over 30 years of trading experience, Jason has gone through most markets a trader should see in their career.  From the crazy rallies during the 90s, the tech bubble pop in early 2000s, the 2008 market crash and the latest bull run starting in 2009.  Through the last 20 years of his career, he has used a contrarian approach which has been very successful to him and his clients, as verified by Jack D. Schwager in his latest MARKET WIZARDS BOOK.  Jason has managed large sums of money from a few million to several hundred million and learned a great deal about the Futures markets, from Equities, Currencies and Fixed Income to Currencies and Precious Metals.

Jason Shapiro - 

Website - https://www.crowdedmarketreport.com/
Twitter - https://twitter.com/Crowded_Mkt_Rpt
LinkedIn - https://www.linkedin.com/in/jason-shapiro-53674994/
YouTube -  @crowdedmarketreport 

WTFinance - 

Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter - https://twitter.com/AnthonyFatseas