In episode 88, Alex Proimos speaks with Nader Naeimi, head of dynamic markets and senior portfolio manager of the AMP Capital. This episode explores the art and science of investing, degrees of belief and uncertainty, the role of sentiment and technical analysis in active management. We discuss what makes and drives a market and understanding the paradox in which investors view markets as highly inefficient, but active management doesn't add value. We delve into the impact of crowding, the madness of the crowd, dumb beta, model bias, self-fulfilling prophecy of market participants, and the importance of smart execution. The episode concludes with a discussion on the green revolution and self-interest, green-washing, the junk in ESG ETFs, the related supercycle in commodities and the anti-ESG friendly Bitcoin.