Position sizing is one of the most overlooked levers in macro investing. In this episode, we break down how volatility regimes, liquidity conditions, and macro risk indicators can guide smarter sizing decisions—helping investors avoid hidden leverage, protect downside, and build more resilient portfolios.

Key Topics Covered

1. Why Position Sizing Matters in Macro

• How sizing drives portfolio outcomes more than security selection
• The role of macro volatility in determining exposure
• Avoiding concentration risk and unintended leverage

2. Core Macro Risk Signals

• Volatility regimes (low‑vol, high‑vol, transition periods)
• Liquidity conditions and funding stress indicators
• Correlation spikes and cross‑asset contagion
• Ma ...