Trend Following With Michael Covel

My guest today is Dominic Frisby, a self-proclaimed accidental financial bod, comedian, actor of unrecognized genius, voice of many things, & presenter. The topic is his book Life After the State: Why We Don't Need Government. In this episode of Trend Following Radio we discuss: Frisby's beginnings as an actor and comedian What comedy can teach us about finance and the discipline of clarity How Cuba's currency confusion led the nation to unfortunate circumstances Real estate Other peoples' trust in the state How the poor and needy would be cared for in a society without a state The monopoly on compassion How the state takes a piece of everything "Greed is good", "money is the root of all evil", etc Crony capitalism Predation vs. productivity The influence of lobbyists The duopoly on money by banks and the state Education Bitcoin, digital currency, and taxation Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Invest

My guest today is Harry Dent, a Harvard MBA, Fortune 100 consultant, new venture investor, noted speaker and bestselling author. Harry is the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. The topic is his book The Demographic Cliff: How to Survive and Prosper During the Great Deflation Ahead. In this episode of Trend Following Radio we discuss: Why demographics are so important The definition of the "demographic cliff" Demographic comparisons between the US and Asia Rates of urbanization and GDP in emerging countries The baby boomer generation The Japanese "coma economy" Why the retirement age needs to be raised How real estate in America will never be the same "Die-ers" vs. buyers Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepr

My guest today is Chris Ducker, a serial entrepreneur and author of the bestseller, "Virtual Freedom", and more recently, "Rise of the Youpreneur". He owns and operates several businesses, that combined house over 400 full-time employees internationally. He's also a trusted international business mentor, keynote speaker, podcaster, blogger, as well as the founder of Youpreneur.com - the leading personal brand business education company in the world. The topic is his book Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business. In this episode of Trend Following Radio we discuss: The definition of virtual freedom How Ducker came from the cubicle originally, and how he got to be the location independent entrepreneur he is now How Ducker became a "virtual CEO" The idea of a "superhero syndrome" The idea of a virtual, international staff The process of finding a VA (virtual assistant) The two types of outsourcing Hiring for the role--not for the tas

My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following. The topic is his book Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms. In this episode of Trend Following Radio we discuss: Why the average person will never see an interest for their savings again in their lifetime How the choice of equities is made for many How we're not really in a free-market capitalistic world Why Napier thinks we're on the eve of a major deflationary period How the equity bull market causes people to simply not think (or question).  Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately expl

My guest today is Bobby Casey, a consultant on international tax planning, investment immigration, and global citizenship. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best". The topics are entrepreneurship and travel. In this episode of Trend Following Radio we discuss: How Casey found his way to Latvia Travel in general Some of the issues you may encounter during travel Lithuania Holding dual citizenship The advantages of having a passport from another country Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You wi

My guest today is Barry Schwartz, an American psychologist and author. He is a professor of Social Theory and Social Action at Swarthmore College. Schwartz's psychological work is right there at the foundation of why any trader or investor will have success.  The topics are his books The Paradox of Choice: Why More is Less and Practical Wisdom: The Right Way to Do the Right Thing. In this episode of Trend Following Radio we discuss: Choice and practical wisdom Choice in selecting a mutual fund, and how Schwartz has seen that unfold in corporations The paradox of options Having too much choice Democracy and choice The idea that decision-making has shifted from the expert to the individual Why prescription drugs are marketed to people who can't buy them outright If choice drives clinical depression Expectations The idea of practical wisdom Judgment and discretion in the workplace Wisdom and the education system Having a "script" from your employer that prevents you from thinking outside of the box The importan

My guest today is Frank Curzio of Stansberry and Associates. Curzio is the voice behind S&A Investor Radio, as well as the editor of the Small Stock Specialist. The topic is markets and investments. In this episode of Trend Following Radio we discuss: The CES (Consumer Electronics Show) and upcoming electronics trends Connectivity Narratives Protecting your downside The Federal Reserve and the gold market Netflix, Best Buy, and 4K televisions as a trend Apple Being on the ground, physically going somewhere, and the importance of being there Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosoph

My guest today is Tom Basso, the trader most famously known as "Mr. Serenity" in Jack Schwager's "New Market Wizards". Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Location independence Making sure trading doesn't take up your entire life Stoicism Trend following in the emotional arena Mental exercises The psychology of trend following The "observer self" The mental aspects of success The importance of being able to lose small amounts of money Why trend following does so well when the black swans hit Basso's daily routine and the importance of routine in daily life. Covel and Basso also go through listen

My guest today is Peter Schiff, an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. The topic is Federal Reserve policy. In this episode of Trend Following Radio we discuss: QE infinity, expectations and Fed overall policy ZIRP Inflation Real estate Foreclosure How the stock market keeps people satiated Protecting the value of the dollar How we can get to effectively negative interest rates The way out of QE infinity (if even possible) Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much

My guest today is William Adams, a private trader and systems developer. He is based in Zurich and works with institutional clients. Adams has over 17 years of experience in financial markets. The topic is systematic trading strategies. In this episode of Trend Following Radio we discuss: The first time Adams got the "trading bug" Early trading strategies Generating alpha The strategies that Adams uses today The "core satellite approach" Why Adams chose options over futures The seasonality of trades Inspirational resources found by Adams The influence of Zurich on Adams, and whether or not Americans can learn a thing or two from the Swiss Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use

My guest today is Jack Horner, the world renowned paleontologist. Horner was the technical advisor for all of the "Jurassic Park" films. He is most famous for discovering and naming Maiasaura, providing the first clear evidence that some dinosaurs cared for their young. The topics are dyslexia and the process of learning. In this episode of Trend Following Radio we discuss: Passion Why you'd break open a dinosaur egg rather than hold onto it as precious material How Horner attributes his way of thinking to dyslexia The shapeshifting dinosaur hypothesis "Chickasaurus" and the idea of dinosaurs and chickens intersecting The accuracy of the "Jurassic Park" dinosaurs Whether the T. Rex was a scavenger v. predator How Horner came to his way of thinking Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all p

Please enjoy my monologue The Abu Dhabi Investment Authority with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast

Please enjoy my monologue The Passenger with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Dan Ariely, a professor of psychology and behavioral economics at Duke. He has given great TED Talks with millions of views. Covel and Ariely discuss irrationality and rationality on today's show, including how we make decisions (with often poor processes).  The topic is his book Predictably Irrational: The Hidden Forces That Shape Our Decisions. In this episode of Trend Following Radio we discuss: The irrationality of fundamentals in equity markets The wisdom of crowds, constraints and where else our money can go The awarding of the Nobel Prize to professor Shiller and Fama--two famed professors with very different outlooks--and whether it's irrational or not Macroeconomics vs. microeconomics Lessons learned during his life-threatening burns Why people lie Why the freedom to do whatever we want and change our mind is the shortest path to making bad decisions How 2008 became a constructive tool for Ariely Why Bubbles are some of the most imprecise factors out there Ben Bernanke Jump in! --

My guest today is Gerd Gigerenzer, the director of the Max Planck Institute for Human Development in Berlin, and a former professor of psychology at the University at Chicago. Gerd is also the director of the Harding Center for Risk Literacy (read David Harding the head of trend following firm Winton Capital). The topic is heuristics. In this episode of Trend Following Radio we discuss: Uncertainty Comparing decisions to baseball (gaze heuristic) Complex problems and simple solutions Using price action as a decision making cue Unconscious heuristics The art of knowing what one doesn't have to know The less is more effect The miracle on the Hudson River a few years ago as a case in point illustrating heuristics The idea of an adaptive toolbox The element of surprise in Gigerenzer's work The distinction between risk and uncertainty Intuition vs. rationality Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, ec

My guest today is Dan Collins, a 25-year veteran of the Futures industry, founder of the Dan Collins Report, and most recently was named Editor-in-Chief of Futures Magazine. The topic is trading. In this episode of Trend Following Radio we discuss: Why the mainstream media seems to not even attempt to hide the bias and the propaganda against the styles and types of trading in the worlds that Covel and Collins occupy (i.e. trend following, systematic, managed futures, etc.) A particular Bloomberg article which attacked managed futures and alternative strategies Why articles like these are an attack on the average investor Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and

My guest today is Eric Crittenden, a Founding Partner responsible for managing all research, risk quantification and trading operations. He's also been featured in Covel's own Little Book of Trading. The topic is a white paper that was originally released in 2005 that concerns trend following on stocks. In this episode of Trend Following Radio we discuss: The decision to do research into trend following on equities, and the background behind the white paper Why others weren't trading equities with a trend following strategy at the time, and why there's been a sea change in the industry now Stress tests How Critenden's models and datastreams apply to a model If Crittenden sees anything on the horizon that takes trend following on equities in a suboptimal direction, and where he sees it going in the future Whether Crittenden's work is all price driven and all systematic The amount of human judgment involved in Crittenden's strategy Why this strategy works if it's based on inefficiencies in the market, and Euge

Please enjoy my monologue Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Kathy Kristof, editor of SideHusl.com, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. The topic is finance. In this episode of Trend Following Radio we discuss: If we have bubbles, and we keep having bubbles, what does the average investor do? The difficulty of trying to figure out value today The impact of interest rates on investors; the "nervousness" of stocks Government intervention and trust Why investors are better off with a "softer" job market, and a slower recovery Why we have a "Goldilocks" economy, and what might happen if a black swan swoops in Why almost every strategy will have good results at some time or another, and the importance of picking a strategy for yourself Technology, and the connection to entrepreneurial pursuits Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, an

Please enjoy my monologue Hendry, Harding, The Pope and Acroyoga with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending pod