Trend Following With Michael Covel

This is the biographical sketch interview that allows me to explain the puzzle of pulling trend following together across a website, blog, podcast and books. Big shout out to Jeff Malec at RCM Alternatives. Please check out their work and their podcast–where this interview originally appeared.

Social Chemistry will utterly transform the way you think about “networking.” Understanding the contours of your social network can dramatically enhance personal relationships, work life, and even your global impact. Are you an Expansionist, a Broker, or a Convener? The answer matters more than you think… Yale professor Marissa King shows how anyone can build more meaningful and productive relationships based on insights from neuroscience, psychology, and network analytics. Conventional wisdom says it’s the size of your network that matters, but social science research has proven there is more to it. King explains that the quality and structure of our relationships has the greatest impact on our personal and professional lives. As she shows, there are three basic types of networks, so readers can see the role they are already playing: Expansionist, Broker, or Convener. This network decoder enables readers to own their network style and modify it for better alignment with their life plans and values. High-qual

Regardless of your stage of life and your current financial picture, the quest for financial freedom can indeed be conquered. The journey will demand the right tools and strategies along with the mindset of money mastery. With decades of collective wisdom and hands-on experience, your guides for this expedition are Peter Mallouk, the only man in history to be ranked the #1 Financial Advisor in the U.S. for three consecutive years by Barron’s (2013, 2014, 2015), and Tony Robbins, the world-renowned life and business strategist. Mallouk and Robbins take the seemingly daunting goal of financial freedom and simplify it into a step-by-step process that anyone can achieve. Why the future is better than you think and why there is no greater time in history to be an investor How to chart your personally tailored course for financial security How markets behave and how to achieve peace of mind during volatility What the financial services industry doesn’t want you to know How to select a financial advisor that puts y

Jump into Trend Following Part Two with Michael Covel on Trend Following Radio.

“If you had foreseen the financial confusion of the Carter years, or the exploding debt in the Bush years, or the Federal Reserve’s “money printing” spree during the Obama presidency, you might have profited richly from the resulting bull markets in gold and silver. But today’s governmental recklessness dwarfs each of those episodes. Add other accelerants to the dollar and debt crises—including currency and trade wars, an unaffordable military empire, and a juggernaut of domestic state socialism—now converging to fuel an era of monetary destruction that will drive gold prices to unimaginable heights.” That is where my guest today stands. Is he right? Time will tell. Does he lay a societal foundation hard to ignore? You bet. If we had more conversations like this across America we would be in a much better place. Bio: Charles Goyette is a New York Times bestselling author, commentator, and talk show host, best known for his views on markets and economic issues. He has appeared often on national TV on CNN, Fox

My guest today Weijian Shan takes me through too fantastic stories. Money Games is a tale of one of the most successful buyout deals ever: the acquisition and turnaround of what used to be Korea’s largest bank by the American firm Newbridge Capital. This insider’s account is told by the chief architect of the deal itself, the celebrated author and private equity investor Weijian Shan. With billions of dollars at stake, and the nation’s economic future on the line, Newbridge Capital sought to become the first foreign firm in history to take control of one of Korea’s most beloved financial institutions. In a proud country still reeling from a humiliating International Monetary Fund bailout in the Asian Financial Crisis, Newbridge Capital had to muster every ounce of skill, determination, and patience to bring the deal to closing. Shan takes readers inside the battle to win control of the bank―a delicate, often exasperating process that meant balancing the goals of Newbridge with those of the government, bank em

Have you ever had a new idea or a goal that excites you…but not enough time to execute it? What about a goal you really want to accomplish…but can’t because instead of taking action, you procrastinate? Do you feel like the only way things are going to get done is if you do them? But what if it wasn’t that way? What if you had a team of people around you that helped you accomplish your goals? When we want something done, we’ve been trained to ask ourselves: “How can I do this?” Well, there is a better question to ask. One that unlocks a whole new world of ease and accomplishment. Expert coach Dan Sullivan knows the question we should ask instead: “Who can do this for me?” This may seem simple. And it is. But don’t let the lack of complexity fool you. By mastering this question, you will quickly learn how billionaires and successful entrepreneurs like Dan build incredible businesses and personal freedom. Dan teaches you how to make this essential paradigm-shift so you can: • Build a successful business effectiv

Today on my show one of my most popular guests… Jack Schwager returns. The Market Wizards are back! Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers. Some of the stories include: – A trader who turned an initial account of $2,500 into $50 million. – A trader who achieved an average annual return of 337% over a 13-year period. – A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis. – A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year

Good luck isn’t just chance—it can be learned and leveraged—and The Serendipity Mindset explains how you can use serendipity to make life better at work, at home—everywhere. Many of us believe that the great turning points and opportunities in our lives happen by chance, that they’re out of our control. Often we think that successful people—and successful companies and organizations—are simply luckier than the rest of us. Good fortune—serendipity—just seems to happen to them. Is that true? Or are some people better at creating the conditions for coincidences to arise and taking advantage of them when they do? How can we connect the dots of seemingly random events to improve our lives? Christian Busch explains that serendipity isn’t about luck in the sense of simple randomness. It’s about seeing links that others don’t, combining these observations in unexpected and strategic ways, and learning how to detect the moments when apparently random or unconnected ideas merge to form new opportunities. Busch explores

Jump into Trend Following with Michael Covel on Trend Following Radio. A recent interview excerpt with Michael.

Veteran venture capitalist Uri Adoni shares the secrets to Israel’s incredible track record of success that will help make any startup unstoppable. More than half of all startups fail—often during the crucial early stages of development when they need to prove their viability on a limited budget. But when it comes to startup success, one country stands out: Israel. Even though it is a relatively small country with a population of just over 9 million inhabitants, Israel has one of the highest concentrations of startups in the world, has the highest venture capital per capita, is one of the top countries in terms of number of companies listed on NASDAQ, and is well recognized as a global leader in research and development. Uri Adoni goes behind the scenes to explain the principles and practices that can make any startup, anywhere in the world, become an unstoppable one: - Build an unstoppable team; - Foresee the future and innovate to meet its demands; - Manage your funding and partnerships through all phases o

A perfect episode for right now… Americans today don’t trust each other and their institutions as much as they once did. The collapse of social and political trust has arguably fueled our increasingly ferocious ideological conflicts and hardened partisanship. But is today’s decline in trust inevitable or avoidable? Are we caught in a downward spiral that must end in institutional decay or even civil war, or can we restore trust through our shared social institutions? Kevin Vallier offers a powerful counter-narrative to the prevailing sense of hopelessness that dogs the American political landscape. In an unapologetic defense of liberalism that synthesizes political philosophy and empirical trust research, Vallier restores faith in our power to reduce polarization and rebuild social and political trust. The solution is to strengthen liberal democratic political and economic institutions–high-quality governance, procedural fairness, markets, social welfare programs, freedom of association, and democracy. These

Since the Global Financial Crisis, a surge of interest in the use of finance as a tool to address social and economic problems suggests the potential for a generational shift in how the finance industry operates and is perceived. J. C. de Swaan seeks to channel the forces of well-intentioned finance professionals to improve finance from within and help restore its focus on serving society. Drawing from inspiring individuals in the field, de Swaan proposes a framework for pursuing a viable career in finance while benefiting society and upholding humanistic values. In doing so, he challenges traditional concepts of success in the industry. He also engages readers outside of finance who are concerned about the industry’s impact on society. Bio: JC de Swaan is a lecturer in the economics department at Princeton University, where he is affiliated with the Bendheim Center for Finance, and a partner at Cornwall Capital, a New York-based investment fund. He also teaches at the University of Cambridge and is a member

Today I bring on Richard Burrage. Richard runs a market research firm based in Vietnam. If you were ever curious how one could end up in Asia and not leave? Richard has a great story. Bio: Richard is the Managing Director of Cimigo, an independent Asian market research and consulting firm. He has a 25-year career researching, teaching and testing consumer behavior in Asia. He has counseled clients on consumer behavior, response and the bounce back through significant shocks in Asia; the Asian Financial crisis, SARs, the global financial crisis and the Swine flu. In this episode of Trend Following Radio: Living in Asia Tokyo for the first time Vietnam in 1986 Vietnam now Becoming a Vietnamese Entrepreneur India and Indonesia Vietnam Markets

MIT professor Sinan Aral isn’t only one of the world’s leading experts on social media—he’s also an entrepreneur and investor, giving him an unparalleled 360-degree view of the technology’s great promise as well as its outsize capacity to damage our politics, our economy, and even our personal health. Drawing on two decades of his own research and business experience, Aral goes under the hood of the biggest, most powerful social networks to tackle the critical question of just how much social media actually shapes our choices, for better or worse. Aral shows how the tech behind social media offers the same set of behavior-influencing levers to both Russian hackers and brand marketers—to everyone who hopes to change the way we think and act—which is why its consequences affect everything from elections to business, dating to health. Along the way, he covers a wide array of topics, including how network effects fuel Twitter’s and Facebook’s massive growth to the neuroscience of how social media affects our brai

Michael reaches back to the archives to combine Nobel Prize winner and mathematician Robert Aumann and mathematician Emanuel Derman to one mega episode. The two guests: Robert Aumann Emanuel Derman

What does it take for women to succeed in a male-dominated world? At age nineteen, Shannon Huffman Polson became the youngest woman ever to climb Denali, the highest mountain in North America. She went on to reach the summits of Mt. Rainier and Mt. Kilimanjaro and spent more than a decade traveling the world. Yet it was during her experience serving as one of the Army’s first female attack helicopter pilots, and eventually leading an Apache flight platoon on deployment to Bosnia-Herzegovina, that she learned the lessons of leadership that forever changed her life. Where did these insights come from? From her own crucibles of experience—and from other women. In the The Grit Factor, Polson made it her mission to connect with an elite pack of tough, impressive female iconoclasts who shared with her their candid stories of combat and career. This slate of decorated leaders includes Heather Penney, one of the first female F-16 pilots, who was put on a suicide mission for 9/11; General Ann Dunwoody, the first femal

Eric Crittenden believes using an all-weather approach is the most effective way to prepare for a wide range of market environments, while still producing meaningful investment returns with limited downside risk. An all-weather approach is an asset allocation methodology that diversifies across geographic regions, asset classes, and investment styles. This approach helps investors navigate prolonged equity market declines, inflation, and negative real returns from bonds due to low interest rates. Historically, an all-weather approach has achieved higher returns than equities, with lower volatility, and smaller declines. Bio: Eric Crittenden is the Chief Investment Officer of Standpoint Funds. He has over 20 years of experience designing and managing investment strategies, with an expertise in systematic trading in both mutual funds and hedge funds. Aside from creating sound investment strategies, his ability to simplify and communicate complex topics is what sets him apart from other investment managers. Tom

Robert M. Rosenberg took over as CEO of Dunkin’ Donuts in 1963, 13 years after the first restaurant was founded by his father, William. In his remarkable 35-year run, he grew the company from $10 million in sales to over $2 billion, with more than 3,000 outlets. Through his tenure, Robert learned important lessons on running and scaling a family business. In Around the Corner to Around the World, Rosenberg shares his insider perspective on all the dramatic highs and lows that are part of the Dunkin’ Donuts story to guide you to your own success story. Learn twelve key lessons from Dunkin’ Donuts former CEO Robert Rosenberg that offer critical insights and a unique, 360-degree perspective to business leaders and managers on building one of the world’s most recognized brands. Around the Corner to Around the World: Distills the characteristics of a successful company through all phases of growth. Provides a new perspective on the dramatic story behind the rise of one of the world’s most iconic brands. Tells the

Michael jumps into the AI investing debate and adds a famous lecture from Richard Feynman. If you ever felt the need to worship the AI fantasy -- this episode will stop you cold.