I'm a professional investor (more than a decade of experience at hedge funds, particularly in global macro and quant, managing my own and other people's money). Your central premise is flawed -- in particular > Last 3 years has shown that to be a good investor you need to know macroeconomics This is not true. It is true that 'macro' events (central bank actions, supply/demand shocks, wars, pandemics) affect prices, b…
I’m an economics professor (not in macro, but I’ve taken more macro and at a higher level than you have). I think this comment is right on the money. None of what I learned in graduate school would help you forecast the price of a specific asset. Some of the large investment firms do employ economics PhDs to help them make forecasts of particular broad macro variables (inflation, unemployment, etc.). I don’t know of…
Entire prop trade desks exist to bet on macro news like labor job reports, on many different asset types through derivatives like index futures, FX futures, etc… This is very easy to observe if you view tick data for these derivatives before and after news is released.
While macro view is less relevant on a single equity, it’s very much a proven way of investing in a variety of asset classes.
[1] https://www.institutionalinvestor.com/article/b1vl6gf18v9f5v...