Macro Ops Collective

The Premiere Investment Research, Training, and Community Platform for Institutions and Retail Investors

The Story of The Greatest Swordsman

In 1605, Miyamoto Musashi, a young ronin samurai and quite possibly the greatest swordsman to have ever lived, was challenged to a duel.

The challenger was another young man named Matashichiro from the Yoshioka family, a clan renowned for their swordsmanship. Matashichiro was looking for that dish which is best served cold… revenge. And for good reason, Musashi had recently slain both his father and older brother in separate duels.

…a lot of dueling, I know. But that’s just what people did in those days. Netflix and chill weren’t quite yet available. But I digress…

Musashi’s samurai friends warned of a trap and offered to tag along. But, being the badass he was, he refused and went alone.

Musashi would often play mind games with his opponents. For instance, he’d show up to duels in strange dress or with unconventional weapons — he once fought with a sharpened boat paddle, and won…

One of his favorites was to arrive late, frustrating and angering his opponent. This is what he did when he fought both of Matashichiro’s family members. So that was exactly what the Yoshioka clan figured he’d do again.

Matashichiro arrived at the appointed place a few minutes early, bringing in tow with him a small army, rumored to be 20-men large. Expecting Musashi to arrive late, they laid down and hid in the tall grass in wait to jump him once he arrived.

But. Musashi had their number… He’d arrived hours earlier and had taken cover behind a large tree. As soon as the Yoshioka men laid down, he leapt out with sword in hand and yelled “I’ve been waiting long enough… DRAW YOUR SWORDS!”

His opponents, startled, stumbled to their feet in a daze. In one fell swoop, Musashi killed Matashichiro, then proceeded down the line taking out each of his men — 20 in all — one by one, in a matter of seconds…

In this world, where the game is played with loaded dice, a man must have a temper of iron, with armor proof to the blows of fate, and weapons to make his way against men. Life is one long battle; we have to fight at every step; and Voltaire very rightly says that if we succeed, it is at the point of the sword, and that we die with the weapon in our hand.

~ Arthur Schopenhauer, Counsels and Maxims, 1851

Wild story, isn’t it? If you’re into this type of stuff I recommend picking up “The Book of Five Rings”, which Musashi wrote himself. On the surface, it’s about the art of swordplay though it’s really about the art of strategy, and performance, and why it’s crucial to understand the game one is playing.

This brings us to a good jumping-off point for what the Macro Ops Collective is… what it isn’t… and how it might (I say might, because the Collective definitely is not for everyone) help you.

Help you in your trading strategy, boost your investing performance both from a portfolio and personal perspective, and understand the game(s) you’re playing at a second level and beyond…

You see… Your average market participant / investor is much like the poor Matashichiro. They’re unimaginative, they’re reactive, and they don’t really know what game they’re playing.

They are the ones who write, tweet, and televise such poorly informed and mistimed headlines such as those below… including the even poorer souls who listen to them.

We’re not just talking about retail folks here.

No… There are just as many (if not more) Matashichiro’s wearing Italian suits and managing hundreds of millions, even billions of dollars. They look successful, talk real smart like, and hug the benchmark for dear life so they don’t underperform and risk losing their AUM that they get to collect that sweet 2% carry on.

There’s no shame in being one of these people. In fact, we all start out as Matashichiros. And the vast majority of us remain as meddling swordsmen. Occasionally lucking upon a big winner, only to follow it up with an equally big loser… doing just okay enough to maintain the delusion we’re on the cusp of really performing, really getting better, and finally moving up to that next level.

Thank Zeus for the Matashichiros… They’re the ones who make this game so lucrative for the few Musashis out there. They comprise the oft-repeated and very true stat that 95% of traders and investors fail to beat the market, while the remaining 5% make a killing.

Our goal at MO, nay… our driving unending desire… is to foster as many Musashi-level traders and investors as possible… So we can train, learn, and grow alongside them. Make a butt load of money, create positive change in the world, and have a helluva time doing it all.

We accomplish this through better research, better process, and better training. Let’s comb through each one.

We subscribe to a range of research publications and Macro Ops is head and shoulders above the rest... Alex's weekly note is a must-read in our shop.
— A.L. (Portfolio Manager)
I'm a portfolio manager with over 20 years of experience. I've read a lot of commentary in that time, both institutional and retail, but yours is about the best I've seen. I learn something new all the time.
— D.J. (Portfolio Manager)

Research: your output is only as good as your input

We are drowning in information, while starving for wisdom. The world henceforth will be run by synthesizers, people able to put together the right information at the right time, think critically about it, and make important choices wisely.

~ Edward O. Wilson

It’s mind-blowing to think about how much information is available now versus 20 years ago, or even just 5 years ago. But the massive amount of available data is part of the problem. It is incredibly tempting to be distracted by useless and wrong information, leading your time and investment astray.

We want to help you synthesize this noisy world so you can focus on the few critical inputs, risks, and trends that matter. And make more money as a result. The Collective exists to make you a calculating, ruthlessly efficient, and consistently profitable investor.

We do this through superior quantitative tools, an informed contrarian research process, and a frequent review of our results so we can test and learn, leading to more profitable outcomes.

Constantly evolving collectively as investors so we will be even better a year from now, and we’re pretty damn good today.

We have a holistic approach to markets and investing in general. One we call the Trifecta Approach. It involves deep thematic research focusing on the biggest, most misunderstood and overlooked trends in the world.

Unlike most research services that focus solely on value investing or quantitative or macro, etc…

We have deeply studied it all… have teased out what works, discarded what doesn’t, and combined it all into an exponentially better approach.

We do deep thematic research focusing on the biggest, most misunderstood, and overlooked trends in the world. A current example is our work into the new semiconductor demand supercycle (example here).

We started writing about this budding trend back in 2017 and have stayed with it ever since, growing our conviction as well as our positioning as the data confirms our research. Doing so allowed us to book a 20-bagger in AMD calls in early 19’ (link here, a 1,400%+ return on the Micron DOTM calls we bought in the late summer of 20’, or an 11-bagger we booked loading the boat on Wheat futures prior to the invasion of Ukraine (which we were one of the very few shops to correctly call).

A key differentiator between us and other research providers is that not only are we not afraid to take a wildly out-of-consensus view when our process says to do so, but we absolutely love being the outside zebra.

Matashichiros safely stay in the efficient market box. They really like it there. It’s easy to comment on what’s already happened. It makes them feel smart when their estimates on AAPL’s next quarter earnings are close on the mark.

Too bad for them, because that’s not where the real money is. For that, you have to travel outside that crowded space and place your bet on underwriting the futureIt takes guts, imagination, and a hard-tested process… but that’s where the Musashi’s operate. That’s where we make our killing.

We’re big believers in Garry Kasparov’s (the chess Grandmaster) idea that unique human intelligence, combined with powerful machine learning and quantitative tools, is vastly superior to employing just one or the other. He calls this the centaur approach, you know, named after the mythological half-man / half-horse creatures.

Years ago I worked for Palantir which is now a large well-known tech company. But back when I was in their employ, they were just a start-up data company that tailored to the intelligence community. Anyways, this is the exact approach Palantir’s technology uses. It’s why their software easily outperforms AI/ML in intelligence work and fraud detection. A skilled user paired with powerful quantitative tools is a force to be reckoned with.

It all goes back to cutting out the noise, creating a high signal filter, so we can better synthesize key inputs.

We currently have two quants on our team who are building out a host of tools. Tools that we and members can use within a tested framework to make better decisions.

Here’s a few snapshots of our dashboard (we don’t have a name for her yet, HAL maybe? idk…).

We’re going to continue to build this out until I no longer need my Bloomberg terminal, and then keep building it some more. Our goal is not to have a bunch of indicators but rather to have a carefully crafted set that all complement each other in producing a higher combined signal.

You’ll get access to this entire MO dashboard as a member of the Collective.

But more important than just giving you these tools, we’re going to show you how to use them to create a bulletproof process for analyzing and profiting from markets.

Process is the most important factor we focus on in the Collective. You’ll hear more about that in a minute, but first…

Below you’ll find examples of the research reports we provide our Collective members:     

By me (Alex):

From Brandon, our value expert:

You guys are next level, there's no other way to put it. I only wish I'd found you guys earlier.
— J.B. (Private Investor)
Macro-ops is by far the best global macro research service out there - period. Alex and Brandon are able to hit notes that others simply can't, and they do it while remaining extremely humble and accessible to their members. The MO team has had a monster year in terms of their performance, but as a student of the market they have also helped me refine & polish my own investment framework which will continue to pay dividends for years to come. The returns from this service (ideas, updates, investment philosophy, investment education, killer Slack community) will far outweigh anything that you spend here. "
— A. Y. (HF Analyst, Asia)

Superior Profits Through Superior Process

Well, then, my boy, develop your strategy So that prizes in games won’t elude your grasp. Strategy makes a better woodcutter than strength. Strategy keeps a pilot’s ship on course When crosswinds blow it over the wine-blue sea. And strategy wins races for charioteers. One type of driver trusts his horses and car And swerves mindlessly this way and that, All over the course, without reining his horses. But a man who knows how to win with lesser horses Keeps his eye on the post and cuts the turn close, And from the start keeps tension on the reins With a firm hand as he watches the leader.

— The Iliad, Homer, 9th century B.C.

At MO we’re maniacal about continuously studying, updating, and iterating our processes. Middling traders and investors hope to make their cheese using innate skill and their self-deluded ideas of genius and grandeur.

We don’t suffer from any such illusions… I’ve had my teeth kicked in by the market too many times to believe such nonsense. It’s a beautiful and liberating day once a trader can release himself from those ridiculous egoistic shackles and finally get down to doing the proper work of making money.

My first mentor in this game (a highly successful former IB prop trader who left Wall St. to manage his own money) was a man of methods. I called him Spock because when it came to markets, there were no emotions, no questions as to what he should do or when he should do it. The guy was a machine which is why he’s worth 10s of millions…

He had processes for news consumption, for conducting research, for entering trades, and for exiting them, for sizing, etc… he even had a process for reviewing and updating his processes. I was, and still am, in awe of him.

Our work on process, strategy, and methods is one reason why portfolio managers love us. Nobody else out there is doing and sharing this important work. And it’s a LOT of work. We’re continuously working on devving out and testing new methodologies, new trade structures, new exit routines. And then of course sharing what we learn with the group.

Our Trifecta Lens Score Indicator and approach for applying hedges vs buying dips is an example of what was born from this effort (example here).

In the Collective we share our entire portfolio with our members. Every trade, win or lose, is shared with 100% transparency.

This is beneficial because members can follow along with our trades and profit, but more importantly, they can see our process up close.

When we recommend trades, we give trade structure, sizing, and exit information. We know full-well that stock picks are a dime a dozen and about as good as a handful of wet toilet paper if they don’t include the above.

And as we’ve thoroughly explained, we’re all about process.

So sure, we’ll give you fish, but more importantly, we’ll teach you how to fish for yourself.

That’s how we’ll continue to build and foster our incredible community of traders and investors in the Collective.

The Collective is an amazing reservoir of ideas and provides access to great folks — helped me tremendously grow as an investor and a person... My one regret is chasing all the shiny things and not finding MO sooner.
— M.M. (Private Investor)

Vault: Trade and Investing Theory

Real students of the game never stop learning… We can’t. We don’t want to. One of the great things about markets is that they’re always changing, and so do our skills and knowledge base if we want to stay competitive.

The Collective exists to help you do just that. All Collective members get access to our Vault, where every single theory, strategy, process, and book notes piece we’ve ever written sits. It gets added to monthly.

Also included are influential white papers, webinars, mini-courses on everything from our DOTM strategy to analyzing EMFX and more.

Here’s an example of one of our book breakdowns on “Deep Work”. We dissect the type of focus required to build successful market strategies. 

And here’s a theory piece on the “OODA Loop”. We discuss one of my personal heroes — Air Force pilot John Boyd — and his famous OODA Loop process for fast and effective decision making. 

As a Collective member you’ll also get access to our in-depth courses such as: 

The Price Action Masterclass: This 6.5 hour video series dives deep into the right way to use price action effectively in your investing process. Spoiler Alert: It’s not about drawing a bunch of pretty lines on a chart… 


Alpha Options Pro: Delta hedging, volatility, parabolics… we cover it all in this advanced options masterclass. This video series will set you up with the tools and knowledge you need to be consistently profitable with options.

And this is just a small sampling of the investing education we provide through the Collective… 

We’re constantly adding new materials as we continue on our path to mastery in this ever-changing game. 

l hesitated about a year before joining Macro Ops. I enjoyed reading their free emails on markets and investment ideas, but I wondered how much better their paid service could be. I can now say that joining the collective has been the best single decision I've made for my portfolio in 20+ years of investing. The Four Pillars model portfolio is the result of Alex and Brandon's incredible stock picking abilities, always backed by thorough research and smatt risk management, and the trade alerts make it very easy to manage. The collective of Macro Ops members also form a supportive community that point out many very smatt investment ideas and resources. Before joining the collective, my greatest challenge was finding good ideas so / could allocate capital with confidence and get decent returns. Now my biggest challenge is choosing...there are just so many profitable ideas that are floated on the Slack channels that I'm having trouble not investing in them all. I most highly recommend Macro Ops.
— F.D. (Private Investor, Europe)

Community: Iron Sharpens Iron

The Collective gives you full access to our private Slack group where the Macro Ops team and fellow traders from around the world spend a good chunk of time each day shooting the sh*t about everything from health hacks to sharing research and trade ideas as well as planning local meetups and get-togethers.

Our community of traders and investors is truly the best on the internet and our competition isn’t even close.

Once a month our Collective members also get to jump on live Q&A sessions with myself and the rest of the Macro Ops team.

We discuss everything from portfolio updates, to market scenarios, geopolitical news, theory, strategy, and more. 

I can say with 100% conviction that our community of traders and investors is THE BEST on the internet and it’s not even close.

I’m a firm believer in the idea that we are the product of the people we choose to surround ourselves with.

Through the Collective, I’ve met fellow traders and money managers who’ve now become dear friends, and from whom I learn from daily. It’s amazing and incredibly humbling to be able to serve such an incredibly talented group. And we’re all working to help each other get better, learn, improve, and evolve as traders and human beings.

l would like to give an unreserved recommendation to people considering Macro Ops. The commentary and research provided are both excellent and relevant to the individual investor. Training courses are quite good. But most of all the Collective is active and has some incredible participants. I have made a living as a trader since 1976 and find this to be an incredible resource.
—B.B.L. (Former Floor Trader)
It is well known that if you hang around with 5 intelligent people, you will be the 6th. I'm glad I have found Macro Ops. There are tons of info providers / subscriptions online and it is especially difficult to filter the outstanding legit ones from the masses. The decision to subscribe and join the Macro Ops community has truly transformed my perspective on how I view and understand markets. The best time to subscribe to MO is yesterday.
— S.P. (Fund Trader, Asia)

The Choice … Are you a Matashichiro or a Musashi?

...Everything in life conspires to push you into the center, and not just politically. The center is the realm of compromise. Getting along with other people is an important skill to have, but it comes with a danger: by always seeking the path of least resistance, the path of conciliation, you forget who you are, and you sink into the center with everyone else. Instead see yourself as a fighter, an outsider surrounded by enemies.

Constant battle will keep you strong and alert. It will help to define what you believe in, both for yourself and for others. Do not worry about antagonizing people; without antagonism there is no battle, and without battle, there is no chance of victory. Do not be lured by the need to be liked: better to be respected, even feared. Victory over your enemies will bring you a more lasting popularity.

Robert Greene, The 33 Strategies Of War

Middling men (and women), the Matshichiros of the world, seek comfort and stability by walking well-worn paths. They stay close to the herd, and never straying too far from safety, from the known, from the consensus…

But as Ray Dalio put it, “you can’t make money agreeing with the consensus…

Markets just don’t work like that. You need vision and the willingness to fly solo and underwrite the future. You have to be proactive rather than reactive. You have to efficiently filter out the deluge of noise and have a tested process for getting at truth. You have to have backtested trade structure and sizing methodologies as the basis of your approach.

The Collective is your tool for doing this. For doing ALL of this

We work day and night to filter the key information for you. To give you signals for when to pare back risk and when to go for the jugular. To give you the tools and process to excel beyond your peers… no matter if you’re a 20-year veteran hedge fund manager or a maniacally devoted recent MBA grad. We exist to support your trading and investing success.

We have been told, by multiple people, that the core concept behind the Collective is a work of genius — or at minimum sheer brilliance.

Yet the power of the Collective isn’t a testimony to the brilliance of any one individual. It’s all about evolution… and in that regard, persistence far outranks IQ.

We have been working on improving the Collective — tinkering, iterating, experimenting, refining — for years now.

It started as a very rough idea. Then it grew… took on a life of its own… evolved.

Evolution is central to all progress. When you know what to look for, you see it everywhere. The great ideas, the great strategies, the great masterworks, do not spring forth like Athena from Zeus’ forehead. They are a product of experimenting, observing, refining, and testing… with talent and serendipity mixed in.

This is my all-time favorite Nietzsche quote: “Many are stubborn in pursuit of the path they have chosen, few in pursuit of the goal.”

If you’re devoted to living as a Musashi, join our team in our stubborn pursuit of a shared goal… The goal of excellence in markets and in life.

Your Macro Operator,


We’ll see you inside. 

MacroOps is a premium research, analysis, education, and community-based service start to finish. The majority of what Alex and Brandon produce is in-depth, sophisticated research into global macro and market trends, company-specific analyses, and thought-provoking essays on a wide range of topics that can shift your perspective on markets, philosophy, geo-po/itical goings on, and much more.

Their understanding of the complicated and intertwined dynamics of markets is the foundation of their approach to investing and speculation. Their ability to balance the scientific / analytic / quantitative component of investing with the necessary art and finesse that comes from years of experience, backtesting, and lessons learned, has led to a truly unique and insightful approach to markets. The Collective is a powerful community of investors of all stripes and experience levels, many of whom participate daily in the sharing of information, research, trading ideas, and non-market related content. As with anything in life, you will get out of MacroOps what you're willing to put in. Alex and Brandon are all in, so the choice is yours.
— T.D. (Entrepreneur, Private Investor)

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  • Acces to The Vault
  • Library of reports and video courses
  • Our private slack group fille with money managers & traders from around the world



Your subscription includes the following:

  • Weekly Market Notes covering everything macro by Alex
  • Weekly Aquity Note deep dives into a company
  • Weekly Quant Chart Pack focused on high signal indicators
  • Frequent theory pieces on market strategy, trade structuring, and more
  • Regular market updates and Real-time Trade Alerts
  • Acces to The Vault
  • Library of reports and video courses
  • Our private slack group fille with money managers & traders from around the world
  • Save $490 every year!

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Brandon Beylo

Value Investor

Brandon has been a professional investor focusing on value for over 13 years, spending his time in small to micro-cap companies, spin-offs, SPACs, and deep value liquidation situations. Over time, he’s developed a deeper understanding for what deep-value investing actually means, and refined his philosophy to include any business trading at a wild discount to what he thinks its worth in 3-5 years.

Brandon has a tenacious passion for investing, broad-based learning, and business. He previously worked for several leading investment firms before joining the team at Macro Ops. He lives by the famous Munger mantra of trying to get a little smarter each day.


Investing & Personal Finance

AK is the founder of Macro Ops and the host of Fallible.

He started out in corporate economics for a Fortune 50 company before moving to a long/short equity investment firm.

With Macro Ops focused primarily on institutional clients, AK moved to servicing new investors just starting their journey. He takes the professional research and education produced at Macro Ops and breaks it down for beginners. The goal is to help clients find the best solution for their investing needs through effective education.

Tyler Kling

Volatility & Options Trader

Former trade desk manager at $100+ million family office where he oversaw multiple traders and helped develop cutting edge quantitative strategies in the derivatives market.

He worked as a consultant to the family office’s in-house fund of funds in the areas of portfolio manager evaluation and capital allocation.

Certified in Quantitative Finance from the Fitch Learning Center in London, England where he studied under famous quants such as Paul Wilmott.

Alex Barrow

Macro Trader

Founder and head macro trader at Macro Ops. Alex joined the US Marine Corps on his 18th birthday just one month after the 9/11 terrorist attacks. He subsequently spent a decade in the military. Serving in various capacities from scout sniper to interrogator and counterintelligence specialist. Following his military service, he worked as a contract intelligence professional for a number of US agencies (from the DIA to FBI) with a focus on counterintelligence and terrorist financing. He also spent time consulting for a tech company that specialized in building analytic software for finance and intelligence analysis.

After leaving the field of intelligence he went to work at a global macro hedge fund. He’s been professionally involved in markets since 2005, has consulted with a number of the leading names in the hedge fund space, and now manages his own family office while running Macro Ops. He’s published over 300 white papers on complex financial and macroeconomic topics, writes regularly about investment/market trends, and frequently speaks at conferences on trading and investing.

Macro Ops is a market research firm geared toward professional and experienced retail traders and investors. Macro Ops’ research has been featured in Forbes, Marketwatch, Business Insider, and Real Vision as well as a number of other leading publications.

You can find out more about Alex on his LinkedIn account here and also find him on Twitter where he frequently shares his market research.