Trend Following With Michael Covel

Daniel Peris is author of “Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio” and a portfolio manager at Federated Investors. Before transitioning into asset management, Peris was a historian focused on modern Russian history, but now self identifies as a business investor. Daniel’s clients tend to be more conservative investors that approach markets from a business perspective rather than a passive investment approach. His main focus is to help clients make better business like decisions about markets. Not everyone has the time or desire to be an active investor, however Daniel hammers the point that if you don’t want to take responsibility for your own trading, there are plenty money managers for hire that will align with investors needs. Daniel has strong views on economic practices like the efficient market hypothesis (Eugene Fama) and modern portfolio theory. Daniel sees the modern portfolio theory as particularly outdated. Modern p