Trend Following With Michael Covel

My guest today is Terry Burnham, an economist who studies the biological and evolutionary basis of human behavior. He has a Ph.D. in Business Economics from Harvard University, a Masters from the MIT Sloan School with a concentration in finance. Terry was a professor at the Harvard Kennedy School, the University of Michigan, and the Harvard Business School. His non-academic experiences include working briefly for Goldman, Sachs & Co., being the chief financial officer for Progenics Pharmaceuticals , a start-up biotechnology company, and being the director of portfolio management for Acadian Asset Management, a quantitative equity manager. The topic is his book Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality. In this episode of Trend Following Radio we discuss: Burnham removed $1 million from his Bank of America account and said "I don't trust the banks" The two ways to think about risk Separating the ideas of luck and skill The lizard brain and how it relates back to o