Trend Following With Michael Covel

My guest today is Ryan Holiday, an American author, public-relations strategist, bookstore owner and host of the podcast The Daily Stoic. He is a former director of marketing for American Apparel. The topic is his book Growth Hacker Marketing: A Primer on the Future of PR, Marketing, and Advertising. In this episode of Trend Following Radio we discuss: The definition of "growth hacking" The different forms of growth hacking Why many other marketing books pertain to big business rather than startups The startup mentality How Holiday turned to Bittorrent to launch Tim Ferriss' "The 4-Hour Chef" Platforms in the growth hacking mindset Letting others be lucky Growth hacking in the context of startups The idea of a product market fit, changing your product, and assessing its strengths and weaknesses The marketing implications of knowing that "the product is never done" Standing by your convictions but being open minded to change The anachronism of press releases Facebook, Twitter, and Instagram The concept of oth

My guest today is Harry Binswanger, an American philosopher, writer, and Objectivist as a long-time associate of Ayn Rand. The topic is his article on the value of 1%. In this episode of Trend Following Radio we discuss: Being inspired by the 1%, and why his article caused such an uproar The nature of trade Envy and jealousy Understanding where entrepreneurs start and how wealth is created The bailouts of 2008 Wal-Mart and its many innovations Why money isn't the root of all evil Seeing Ayn Rand's work woven into the cultural fabric Statism Navigators and the new health care laws Why the wealthiest counties in America all surround Washington, DC Why we're at the "tipping point" in society today Thoughts on Ron Paul vs. the principles of Ayn Rand 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 pas

My guest today is Tom O'Connell of O'Connell Sports Management. Since 1997 O'Connell has represented over 70 professional baseball players and is a certified agent with the Major League Baseball Players Association.  The topic is entrepreneur. In this episode of Trend Following Radio we discuss: How O'Connell became the entrepreneur he is today, starting off in the club business His plans for the baseball offseason "Moneyball" and the use of statistics Salary arbitration Projecting results into the following year The importance of risk What O'Connell learned from working with baseball scouts Competition amongst other agents Comparisons to the hedge fund world Some of the more interesting baseball characters that O'Connell has sat down with The importance of getting out of your comfort zone 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, ent

My guest today is Richard Noble, a Scottish entrepreneur who was holder of the land speed record between 1983 and 1997. He was also the project director of ThrustSSC, the vehicle which holds the current land speed record, set at Black Rock Desert, Nevada in 1997. The topic is entrepreneur. In this episode of Trend Following Radio we discuss: What 600 MPH feels like to someone who has never been there before The mental processes when you're going at high speeds Process vs. outcome The danger of emotional highs Noble's entrepreneurial spirit How Noble got the desire for the land-speed record at the age of six Whether Noble views his endeavors as "life threatening" The idea of "higher risk" in life and society today The importance of taking risks The idea of developing a "risk culture" Motivating people to come over to your own perspective The difficulties Noble experienced with British culture, the media, and with big companies The parallel experiences Covel and Noble have had on the web Where Noble stands on

Please enjoy my monologue Inequality Debates 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 Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.  The topic is personal investments. In this episode of Trend Following Radio we discuss: What an RIA does for the average investor The difference between trend following fund managers and the RIA world The difference between hiring Merrill Lynch and hiring an independent RIA Fiduciary suitability Black swan protection Benchmark issues Warren Buffett declaring The Fed as history's greatest hedge fund How the Internet might open up the RIA world, and the value of human-based advice in the RIA world The disingenuousness of focusing only on the benefits, and failing to see the risks Why some might say it "feels like 1999" today Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens sinc

My guest today is Michael Konik, the author of many books of fiction, non-fiction, and essays. Konik has had a fantastic experience in the world of sports betting, and the parallels between his world and the trend following world are off the charts.  The topic is his book The Smart Money: How the World's Best Sports Bettors Beat the Bookies Out of Millions. In this episode of Trend Following Radio we discuss: Similarities between Konik's world and the Turtle story Konik's background and how he came into this world of rule-based betting Some of the stories about "Big Daddy" Rick Matthews (fake name for a very high profile individual featured on 60 Minutes), the main character in Konik's book and the most successful sports wagerer in the world Position limits Konik's theater background and how it tied in to the experiment Sports betting technique, the line, the Kelly Criteria, and "Big Daddy's" own line The "brain trust" and how "Big Daddy" led his operation Point spreads Looking for value rather than a favori

My guest today is Peter Borish, founder, chairman, and CEO of Computer Trading Corporation. He's also a founding board member of the Robin Hood Foundation, one of the great American charities. Borish has seen much in the financial world over several decades and is a wealth of insights. The topics are charity work, political side of money, and trading side. In this episode of Trend Following Radio we discuss: Roots and successes of Borish's charity work Dealing with the fact that you can't help everybody Advice to future non-profit workers The parallels between non-profits and regular businesses Where things stand today, five years after the 2008 financial crisis If we're still in an "emergency time" today Corporate welfare vs. social welfare The lurking black swan and possible equity bubble Discussing whether March of 2009 was like July of 1932 The impact of the internet Borish's book recommendations and early experiences Taking the emotions out of trading Jump in! --- I'm MICHAEL COVEL, the host of TREND F

Please enjoy my monologue History's Greatest Hedge Fund 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 conv

Please enjoy my monologue Simple Heuristics 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 Mike Bellafiore, the co-founder of SMB Capital, a proprietary trading firm in New York City, and SMBU, its trader education company. Bellafiore also writes regularly for the globally popular SMBU blog, where he shares ideas on how to improve trading performance. The topic is his book The Playbook: An Inside Look at How to Think Like a Professional Trader. In this episode of Trend Following Radio we discuss: Real rewards to being a successful trader Passion in trading Why professional traders fail Parallels between trading and writing Bellafiore's history and definitions of "prop trading" Trading short timeframes and intraday trading The "prop desk" Ups and downs in Bellafiore's career The early history of SMB Capital Bellafiore's early struggles with his father's health concerns, his mother's death, an SEC investigation, and how "The PlayBook" came out of it The ten attributes of a great trader Trading psychology and mindset Personality types and short-term trading Microscalping and swing t

My guest today is Patrick Boyle, a fund manager, academic, and author. Boyle is the Founder of Palomar Capital Management, a UK-based hedge fund. The topic is fund management. In this episode of Trend Following Radio we discuss: Directional trading Timeframes in trading and short-term trading Boyle's background and how he came to be a founding partner of Palomar Boyle's time working with Victor Niederhoffer Niederhoffer and his teaching lineage David Harding and Bill Dunn Boyle's political stances, the Fed, and the SEC Risk and running a directional fund Performance correlation to the S&P and the trend following CTA's The big picture takeaways that Boyle learned under Niederhoffer Correlations to people who have come out of Niederhoffer's shop Monroe Trout Testing ideas How quantitative analysis is different from technical analysis The book publishing industry, and why all the secrets might not be in a $20 book Where Palomar Fund Management is at today Foundational advice to the budding fund manager Libe

Please enjoy my monologue Boom-Bust Cycles 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 Gerald Celente, an American trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other important events. The topic is global financial markets. In this episode of Trend Following Radio we discuss: How nefarious the zero interest rate policy really is Forced gambling in the equity markets The desensitization of the American public The situation with Syria today Post-dot-com bubble policy in America Solutions to the complex problems today, a "reset to morality", and how it's really up to the individuals to take back what they once had (personal responsibility) Deregulation and Glass-Steagall The days of a level playing field in America Goldman Sachs and Morgan Stanley being saved in the 2008 crisis, and "too big to fail" Fascism in America War and altruism as trends in 2013 and 2014 Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast li

Please enjoy my monologue Trend Following In An Insane World 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

My guest today is Dan Andrews, the founder of The Lifestyle Business podcast. He is the host of the Tropical MBA. The topic is entrepreneurship, travel and lifestyle. In this episode of Trend Following Radio we discuss: Location independence Optimizing for time and mobility Andrews' beginnings as a teenager to where he is today Artists and entrepreneurs Andrews' beginnings How being in an entirely different atmosphere can bring out your creativity How Paris in the 1920's relates to the creative explosion in Asia The importance of having a blog and telling your story Why people need stories and ideas to follow Telling a story with your business The importance of "starting" and the iterative process Your brand, and the nature of how you interact with people Thinking you know how to "do it" before you know how the "soup" is made How hard work means so much more than talent Self-control, self-discipline "Failing forward" and getting used to taking emotional risks Hyper-globalization of small businesses The revol

My guest today is Eric Wong. Wong established TCG on behalf of his family in 2003 as an asset management and financial advisory firm focused on investments with superior risk adjusted returns that are uncorrelated to major asset classes and advising family office and corporate clients. TCG's Celera division was formed in 2012 to consolidate and spin out the markets, technology, and business infrastructure of TCG. The topic is entrepreneur. In this episode of Trend Following Radio we discuss: How the rest of the world has a long way to go to understanding how China operates The niche that Wong's family office, TCG, occupies in the trading space Uncorrelated returns The advantages of working for a family office The entrepreneurial history of Wong's family Trend following data, data points, and the importance of data over a long period of time The Sharpe Ratio, and why the rest of the investing world has a problem with rejecting it The importance of pain as a measure Why Chinese investors are more driven by ret

My guest today is Harry Dent, a best-selling author and one of the most outspoken financial editors in America.  Using proprietary research, Harry developed a unique method for studying economies around the world, and uses his analysis to provide insights on what to expect in the future. The topic is his book Demographic Trends in Real Estate. In this episode of Trend Following Radio we discuss: How demographics and consumer spending help to determine what might happen tomorrow "The demographic clip" "Die-ers vs. buyers" What happens when a smaller generation follows a larger one Zero interest rate policy and asset prices Inflation How the government keeps the bubble inflated Comparisons to Japan The forced spending of principal Whether we've lost the ability to have a conversation about the morals of our current policies Real estate speculation How we've lost direction on the idea of "resets" The boom-bust cycle The importance of failure "Coma" economies Early retirement, and why you can't retire at 65 Publ

Please enjoy my monologue Knowing What We Don't Know 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 convers

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel's book "The Complete TurtleTrader." The topic is Trend Following. In this episode of Trend Following Radio we discuss: Fitness The Hindenburg "omen" Objective entry/exit criteria Why you'd stay in a long position that you wouldn't want to enter into today The "oversleeping" hypothetical The idea that reducing volatility increases risk Definitions of volatility and risk Parker's thoughts on trend followers not really having drawdowns in the typical sense "Managed futures" and why investors may not want that vs. "trend following" Definitions of "managed futures" and "trend following" Why managed futures isn't a good term for some 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