Trend Following With Michael Covel

My guest today is Mike Harris, the President of Campbell & Company (3B+ AUM), the systematic trading firm started by Keith Campbell (Campbell was featured in Covel's first book Trend Following). The topic is Trend Following. In this episode of Trend Following Radio we discuss: Systematic trading in the early 70's Education about managed futures Correlation with other markets and managers Trading diverse markets Focusing on data rather than the fundamentals Why "commodities" and "CTA" are misnomers Why Harris wouldn't fly down to Brazil to investigate fundamental information on the coffee market Risk management, drawdowns, and taking small losses; dealing with uncertainty and helping clients to understand the uncertain nature of trading How human emotion often gets in the way of profitable trading The efficient market hypothesis and behavioral finance Continuity and how that has been thought through at Campbell & Company The Sharpe ratio and why it isn't the best way to look at systematic traders Why