Michael Covel's Trend Following

Latest Episodes:

Ep. 310: Daniel Simons Interview with Michael Covel on Trend Following Radio Jan 16, 2015

Show notes

My guest today is Daniel Simons, an experimental psychologist, cognitive scientist, and Professor in the Department of Psychology and the Beckman Institute for Advanced Science and Technology at the University of Illinois. Simons is most well known for his work on change blindness and inattentional blindness, two surprising examples of how people can be unaware of information right in front of their eyes. His research interests also include visual cognition, perception, memory, attention, and awareness.

The topics are experimental psychology and cognitive science.

In this episode of Trend Following Radio we discuss:

Simons' YouTube success
The definition of inattentional blindness
Why our intuition about our own minds is often wrong
Money managers and weather forecasters
Serial tasking, multitasking, and focus
How Simons became immersed in this area of study
Memory and attention, and the myths and misconceptions surrounding them
The notion of intuition, gut decisions, and Simons' thoughts on Malcolm Gladwell's "Blink"
The idea of preparation in relation to expert performance
The science behind eyewitness testimony
How our minds don't work the way we think they do

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 309: Mark Mobius Interview with Michael Covel on Trend Following Radio Jan 12, 2015

Show notes

My guest today is Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team which is based in 18 global emerging markets offices, and manages emerging markets portfolios. Mobius oversees a team of more than 50 people managing some $45 billion.

The topic is economics.

In this episode of Trend Following Radio we discuss:

Key events that happened along Mobius' development and moved him to find emerging markets as his passion
Growth across Asia
The importance of being on the ground to see what's happening in China to have a true picture of what's going on
Why what's happening in China now is entirely different from the USSR in the early 1980's
Mobius' view on South East Asia, its economic and constructional changes
The two Koreas, and whether we'll see one Korea eventually
The impact of both North and South Korea on their own
Mobius' outlook on Myanmar
Singapore as an emerging market, and as it is compared to a city in the States
India, its growth, and how Mobius sees it moving forward
The importance of travel, and how it changes everybody that goes out there and experiences it

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 308: Lawrence Delevingne, CNBC and Trend Following with Michael Covel on Trend Following Radio Jan 09, 2015

Show notes

Please enjoy my monologue Lawrence Delevingne, CNBC and Trend Following with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 307: Bryan Caplan Interview with Michael Covel on Trend Following Radio Jan 05, 2015

Show notes

My guest today is Bryan Caplan, an American economist and professor of economics at George Mason University, research fellow at the Mercatus Center, adjunct scholar at the Cato Institute, and blogger for EconLog. He works in public choice theory. His books include The Myth of the Rational Voter and Selfish Reasons to Have More Kids. He has also written extensively on open borders and pacifism.

The topic is economics.

In this episode of Trend Following Radio we discuss:

Voting, rationality
Defining "rational irrationality"
What voting patterns in America might look like if the American stock market looked like the Japanese stock market
Economic growth in benevolent dictatorships vs. republics like the USA
The anti-poverty program in China
Caplan's view on immigration and its effect on the economy
The case for more kids, and why Caplan was so passionate and so inspired as to put out a book on the subject
Why genetics matter more than the style in which you raise your kids
Thomas Piketty's "Capital in the Twenty-First Century" and wealth and income inequality

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 306: Tom Basso Interview with Michael Covel on Trend Following Radio Jan 01, 2015

Show notes

My guest today is Tom Basso, the trader most famously known as "Mr. Serenity" in Jack Schwager's "New Market Wizards". Basso, now retired from managing client money, was president and founder of Trendstat Capital Management. Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. Today, he is a private trader.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

50% drop in oil and why trend followers have done especially well with this price movement
Why people like to blame speculators, and the value of speculation; emotional rushes and emotional devastation
Mentally rehearsing catastrophic events
Focusing 1,000 trades into the future
Separating your trading from your political opinion
Trend following and behavioral economics
The importance of not letting your trading define you
Basso's advice to newcomers to the CTA industry

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 305: Mark Manson Interview with Michael Covel on Trend Following Radio Dec 29, 2014

Show notes

My guest today is Mark Manson, an author and personal development consultant. Manson has worked with thousands of people from over 20 countries and his writing offers a different take on the self-help genre. Manson calls it "self help from a first person perspective". He has sold over 15,000 copies of his book "Models: Attract Women Through Honesty" and almost 400,000 people read his site each month. He's been published and quoted on CNN, Huffington Post, Business Insider, Yahoo! News, The Sydney Morning Herald and a variety of other publications. He is also the CEO and Founder of Infinity Squared Media LLC.

The topic is personal development.

In this episode of Trend Following Radio we discuss:

Why people are such ass—– on the internet
Internet communication vs. real world communication
Becoming desensitized to the internet
How Manson came to his entrepreneurial path and how he was inspired by "The 4-Hour Workweek"
Location independence and how travel has changed Manson
Consumerism in America
Having an excess of choice in your life
The type of business Manson has developed and why it's been successful
Why certain approaches to dating aren't emotionally healthy
Our bias against performers
Why Manson refers to himself as "self-help for people who don't like self-help"

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 304: Crude Oil Folly with Michael Covel on Trend Following Radio Dec 26, 2014

Show notes

Please enjoy my monologue Crude Oil Folly with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 303: Charles Faulkner Interview with Michael Covel on Trend Following Radio Dec 22, 2014

Show notes

My guest today is Charles Faulkner, an author, trader, and an expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in "The New Market Wizards" by Jack Schwager.

The topic is trading psychology.

In this episode of Trend Following Radio we discuss:

The notion of fictional people and why famous figures in finance are "fictional"
The importance of narratives, stories, and metaphors
The halo effect and deluding ourselves
The difference between a story and a strategy
The nature of independent thinking; herd behavior
Ego, ignorance, and authority
The five different types of minds: the experiencing mind, the imaginative mind, the reasoning mind, the reflective mind, and the generative mind
System one and system two
Why words don't change people but experience does
Experience base and the difference between amateur and professional traders
The two kinds of market wizards
Language in the context of the five different types of minds
The importance of asking "how" does the market work over "why"
The importance of luck and time in the case of Warren Buffett
Why you shouldn't get your excitement from trading

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 302: Zbigniew Hermaszewski and Natasha Reeve-Gray Interview with Michael Covel on Trend Following Radio Dec 19, 2014

Show notes

My guests today are Zbigniew Hermaszewski and Natasha Reeve-Gray, two of the four founding partners of Altis Partners–a very successful systematic and primarily trend following money management firm.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Covel's recent experiences traveling in Asia
The advantages of location independence
Early triggers that led Hermaszewski and Reeve-Gray into the systematic trading world and away from the efficient market hypothesis
Why Hermaszewskii was motivated to go down the particular path he went down
The advantages of a physics background when applied to trading
Looking for predicability in the markets
How Altis uses predictability in the context of their world
The four broad types of market behavior in Altis' program
Trend following and persistence
Inter-market relationships
Why there are no "manual" inputs in Altis' systematic program
Portfolio construction and why Altis is different from its peers
Applying the same models to all markets
The collegial atmosphere amongst London CTAs

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Ep. 301: Jim Rogers Interview with Michael Covel on Trend Following Radio Dec 15, 2014

Show notes

My guest today is Jim Rogers, an American businessman, investor and author currently based in Singapore. He is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of Austrian School of economics.

The topic is investment.

In this episode of Trend Following Radio we discuss:

Why it shows that the kind of people that travel are the kind of people you want in your country
Infrastructure in China
Stereotypes of various countries in Asia
China's military
Current Fed policy in America
What "can-do" spirit can do in a state of decline
Why the next crisis might be worse than the last
The importance of language skills
Participating in big long-term bets with regard to countries
Why, if he could, Rogers would put all of his money into North Korea

Jump in!

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You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!