Trend Following With Michael Covel

Leaders have experimented with open innovation programs, corporate accelerators, venture capital arms, skunkworks, and innovation contests. They’ve trekked to Silicon Valley, Shenzhen, and Tel Aviv to learn from today’s hottest, most successful tech companies. Yet most would admit they’ve failed to create truly innovative cultures. There’s a better way. And it all starts with the power of habit. In Eat, Sleep, Innovate, innovation expert Scott Anthony and his team of coauthors use groundbreaking research in behavioral science to provide a first-of-its-kind playbook for empowering individuals and teams to be their most curious and creative—every single day. Anthony reveals a collection of BEANs—behavior enablers, artifacts, and nudges—he and his team have collected from workplaces across the globe that will unleash the natural innovator inside everyone. Bio: Scott D. Anthony is a senior partner at the growth-strategy consulting firm Innosight and author of Dual Transformation, The Little Black Book of Innovati

Today I present the Preface for my two books Trend Following and TurtleTrader. A great introduction and reminder for the trend following mindset. Dive in.

“Show of hands―who in this group has integrity?” It’s with this direct and often uncomfortable question that Robert Chesnut, General Counsel of Airbnb, begins every presentation to new employees. Defining integrity is difficult. Once understood as “telling the truth and keeping your word,” it was about following not just the letter but the spirit of the law. But in a moment when workplaces are becoming more diverse, global, and connected, silence about integrity creates ambiguities about right and wrong that make everyone uncertain, opening the door for the minority of people to rationalize selfish behavior. Trust in most traditional institutions is down―government, religious organizations, and higher education―and there’s a dark cloud hovering over technology. But this is precisely where companies come in; as peoples’ faith in establishments deteriorates, they’re turning to their employer for stability. In Intentional Integrity, Chesnut offers a six-step process for leaders to foster and manage a culture of

Michael reaches back to the archives to combine author Gregory Zuckerman, investor Wesley Gray and author Ryan Holiday to one mega episode. The players: Gregory Zuckerman Wesley Gray Ryan Holiday

American democratic capitalism is in danger. How can we save it? For its first two hundred years, the American economy exhibited truly impressive performance. The combination of democratically elected governments and a capitalist system worked, with ever-increasing levels of efficiency spurred by division of labor, international trade, and scientific management of companies. By the nation’s bicentennial celebration in 1976, the American economy was the envy of the world. But since then, outcomes have changed dramatically. Growth in the economic prosperity of the average American family has slowed to a crawl, while the wealth of the richest Americans has skyrocketed. This imbalance threatens the American democratic capitalist system and our way of life. World-renowned business thinker Roger Martin starkly outlines the fundamental problem: We have treated the economy as a machine, pursuing ever-greater efficiency as an inherent good. But efficiency has become too much of a good thing. Our obsession with it has

Trend Following Misconceptions with Michael Covel on Trend Following Radio.

Whether you’re an employer, an employee, a freelancer, or part of a management team, it’s important to understand how—now, more than ever—highly skilled 10x talent who can deliver exponential value is radically shifting the dynamics of corporations large and small. Michael Solomon shows how to identify, attract, vet, employ, manage, and retain—or become—the game-changing talent that will make a difference in the work world of tomorrow. Individuals, companies and governments around the globe need to understand what tactics are required to survive and thrive in an increasingly global, automated, and post pandemic, distributed economy. For those confident in their abilities and want to make an impact where they work, Michael Solomon shows how to enjoy the varied rewards that this brings. Big picture: See how highly skilled talent is transforming companies of all sizes and industries through real world stories and first-hand testimonies from top execs, entrepreneurs, and players; Get an inside glimpse into the u

Five Minute Bar Trading the New Vegas with Michael Covel on Trend Following Radio.

No great introduction needed. Larry Hite is a trading legend. Larry joins me today for my episode 900. Check out also Larry’s prior interviews below. Bio: Larry Hite was the founding principal and Managing Director of Mint Investment Management Company. During his 13-year tenure at Mint, the composite of funds achieved a compounded annual rate of return greater than 30% before fees during that period. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint be the first to raise over $1 billion. In this episode of Trend Following Radio: Having the Right Attitude Trend Following Stop Loss The Most Fundamental Thing in the Market are People Herd of Sheep Adam Smith What it takes to be a Trader

“When all is said and done, a lot more gets said than done. What is the antidote to this? Ruthless Consistency.” According to Harvard Business Review, “most studies still show a 60-70% failure rate for organizational change projects―a statistic that has stayed constant from the 1970s to the present.” Michael Canic helps committed leaders drive the odds in their favor. He identifies the three surprising reasons most strategic change initiatives fail: Leaders unwittingly send mixed messages that demotivate their people and undermine those initiatives. Leaders focus on what they do instead of what their people experience. Leaders are not as committed as they think they are or need to be. Simply put, leaders who develop the right focus, create the right environment, and build the right team―consistently―are leaders whose organizations win. Bio: Michael Canic, PhD, is the president of Making Strategy Happen, which specializes in helping committed leaders of midsize companies turn ambition into strategy, and stra

The Way Forward for Entrepreneurship Around the World. We are in the midst of a startup revolution. The growth and proliferation of innovation-driven startup activity is profound, unprecedented, and global in scope. Today, it is understood that communities of support and knowledge-sharing go along with other resources. The importance of collaboration and a long-term commitment has gained wider acceptance. These principles are adopted in many startup communities throughout the world. And yet, much more work is needed. Startup activity is highly concentrated in large cities. Governments and other actors such as large corporations and universities are not collaborating with each other nor with entrepreneurs as well as they could. Too often, these actors try to control activity or impose their view from the top-down, rather than supporting an environment that is led from the bottom-up. We continue to see a disconnect between an entrepreneurial mindset and that of many actors who wish to engage with and support en

Trends, Value and Selling with Michael Covel on Trend Following Radio.

Tim Koller joins me today to discuss Valuation: Measuring and Managing the Value of Companies. Different than my world? Indeed. But this podcast is about diverse voices and Tim adds to the discussion. “Valuation” has been the foremost resource for measuring company value for nearly three decades. Now in its seventh edition, this acclaimed volume continues to help financial professionals around the world gain a deep understanding of valuation and help their companies create, manage, and maximize economic value for their shareholders. This latest edition has been carefully revised and updated throughout, and includes new insights on topics such as digital, ESG (environmental, social and governance), and long-term investing, as well as fresh case studies. Tim covers: Detailed guidance on every crucial aspect of corporate valuation Strategies, techniques, and nuances of valuation every manager needs to know Advanced valuation techniques and management strategies Real-world valuation examples from the capital mar

Algorithms, Negotiation and Persuasion with Michael Covel on Trend Following Radi.

My guest today makes the case that corporations are broken, reflecting no purpose deeper than profit. But the tools we are relying on to fix them—corporate social responsibility, divestment, impact investing, and government control—risk making our problems worse. If we can make our corporations accountable to a deeper purpose, we can make capitalism both prosperous and good. For example, what happens when the sustainability-driven CEO of Unilever takes on the efficiency-obsessed Warren Buffett? Does Kellogg’s—a company founded to serve a healthy breakfast—have a sacred duty to sell sugary cereal if that’s what maximizes profit? For decades, government has tried to curb CEO pay but failed. Why? Can Harvard students force the university to divest from oil and gas? Does it even matter if they do? Michael O’Leary and Warren Valdmanis go on a fast-paced insider’s journey that can change the way we look at corporations. Likely to spark controversy? Yes. But don’t cynics and dreamers both have a stake in reforming c

Drag Racing, Billions and Guns with Michael Covel on Trend Following Radio.

In a world of unrelenting change and unprecedented challenges, we need organizations that are resilient and daring. Unfortunately, most organizations, overburdened by bureaucracy, are sluggish and timid. In the age of upheaval, top-down power structures and rule-choked management systems are a liability. They crush creativity and stifle initiative. As leaders, employees, investors, and citizens, we deserve better. We need organizations that are bold, entrepreneurial, and as nimble as change itself. Gary Hamel makes a passionate, data-driven argument for excising bureaucracy and replacing it with something better. Drawing on more than a decade of research and packed with practical examples, Humanocracy lays out a detailed blueprint for creating organizations that are as inspired and ingenious as the human beings inside them. Critical building blocks include: Motivation: Rallying colleagues to the challenge of busting bureaucracy Models: Leveraging the experience of organizations that have profitably challenged

Inside the Mind of Charles Faulkner with Michael Covel on Trend Following Radio.

Business leaders often take actions that prop up earnings in the short term, but compromise their companies’ long-term health. David Cote, the much-respected former leader of Honeywell International and one of the most successful CEOs of his generation, shares a simple, paradigm-shifting method of achieving both short- and long-term goals. Short-termism is rampant among executives and managers today, causing many companies to underperform and even go out of business. With competition intense and investors demanding strong quarterly gains now, leaders all too often feel obliged to sacrifice the investments so necessary for long-term growth. Dave Cote is intimately familiar with this problem. Upon becoming Honeywell’s CEO in 2002, he encountered an organization on the verge of failure, thanks to years of untrammeled short-termism. To turn the company around, he and his team adopted a series of bold operational reforms and counterintuitive leadership practices that enabled them to “do two conflicting things at t

After a lifelong fascination with financial markets, Steve Burns started investing in 1993, and trading his own accounts in 1995. It was love at first trade. A natural teacher with a gift for cutting through the bull and making complex ideas simple, Steve took to blogging and social media by founding New Trader U in 2011. New Trader U has attracted hundreds of thousands of visits a month, becoming the go-to resource for people who want to build a strong trading foundation. New Trader U offers an extensive blog resource with more than 1,000 original articles, as well as online courses and best-selling books covering a variety of topics. Steve is one of my earliest guests on this show. I appreciate all of that early support and I enjoy watching how Steve has expanded. He has become one of the wisest and most successful users of social media in the investing space. In this episode of Trend Following Radio: Covid-19 Pandemic Social Media Content Social Media Platforms and Target Audience Entrepreneurial Time Boo