Market Misbehavior with David Keller, CMT

Trading Lessons from the Chicago Floor: Jonathan Hoenig on Price, Process and Psychology

Dave Keller, CMT

In the 74th episode of The Market Misbehavior Podcast, host Dave Keller sits down with Jonathan Hoenig, founder of Capitalist Pig Asset Management, for a wide-ranging discussion on markets, discipline, and the enduring importance of price. Recorded live at the MoneyShow Orlando, the conversation traces Jonathan’s career from the trading pits of the Chicago Board of Trade to his evolution as a portfolio manager and advocate for price-based, technically driven investing. Recorded 10/16/25.

Jonathan emphasizes that successful investing depends less on prediction and more on consistency, risk management, and respect for market trends. The conversation offers valuable insights for traders, advisors, and long-term investors seeking to refine their process and mindset in an increasingly complex market environment.

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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.