Trend Following With Michael Covel

My guest today is Ewan Kirk, the head of Cantab Capital and has brought his firm from $30M AUM in 2006 to over $5B today. Kirk employs several strategies but clearly uses a trend following foundation. The topic is Trend Following. In this episode of Trend Following Radio we discuss: How consistent and predictable profits are the Holy Grail–you're never going to get there Kirk's background Why computer programming is "today's literacy" Standing out from the crowd Trend following in the European scene vs. America Weighting positions based on risk Talking to clients and explaining that losses are statistically inevitable Whether the demand for discretionary traders is waning How discretionary traders look at a trader like Kirk who is 100% systematic Why discretionary intervention in a systematic trading strategy disqualifies it from being truly systematic Proving a strategy as broken rather than proving that it's right Why randomness is everything Uncertainty and convictions about technique Capturing the realis