I keep hearing Global Macro managers talking about good instinct and pattern recognition. What do they mean? They speak in such general terms it's hard to figure out if it's something I'm interested in or may be good at, but it does sound intriguing. Can someone give me some specifics on what they mean? I'd really appreciate it. Thanks
As an example of this, I just came across this video where Mike Novogratz, President of http://youtu.be/3JGpu_grsHk?t=4m21ssays that good instinct and pattern recognition are the most important skill of a good Global Macro manager.