Trend Following With Michael Covel

My guest today is Jonathan Davis, one of the UK's leading writers on investing. Davis has written 3 books, is a regular writer for the Financial Times, and is the director for three investment companies. Davis has been following the markets for over thirty years, first as a journalist, and has had quite a history. He was fortunate enough to spend some time at MIT studying and writing a thesis about Warren Buffet, whom he met on several occasions. The topic is his book Professional Investor Rules: Top Investors Reveal the Secrets of Their Success. In this episode of Trend Following Radio we discuss: What's going on in Europe, where the socioeconomics might be headed, how the history of Europe plays into the problem, and how Davis sees it playing out The importance of performance data How "the recent past is out to get you" How volatility is not something the average investor instinctively understands Investing in Asian markets The efficient market theory The idea of "the hedgehog" (people who only really know