Michael Covel's Trend Following

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**Michael Covel’s Trend Following**

Bestselling author Michael Covel is the host of Trend Following Radio with 15+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading — all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 1200+ episodes.

Latest Episodes:

Ep. 250: Hersh Shefrin and Arvid Hoffmann Interview with Michael Covel on Trend Following Radio Jun 21, 2014

Show notes

My guests today are Hersh Shefrin and Arvid Hoffmann.

Hersh Shefrin has done pioneering work in behavioral finance and is the author of Beyond Greed and Fear.

Hoffmann is a colleague of Shefrin. He is a Professor of Finance at Maastricht University in the Netherlands.

The topic is their paper, Technical Analysis and Individual Investors.

In this episode of Trend Following Radio we discuss:

Covel and Shefrin discuss how Shefrin came to know that behavioral finance was his path; the two-system framework; the connection to behavioral and eating disorders; the disposition effect; when emotion and reason are in conflict; "transferring your assets" vs. "selling a loss"; distinguishing between rules and discretion; how we stick with rules for ourselves given the context of our humanity; the psychological pitfalls of the 2008 financial crisis; the inevitability of market crises; Minsky and Keynes; the psychology of Keynesian economics; and human ideas surrounding uncertainty.
With Arvid Hoffmann, Covel discusses the paper Technical Analysis and Individual Investors; the inspiration for the paper; Hoffmann's definition of technical analysis; the narrow focus of the paper to short-term trading; technical analysis and trend following; "invest as if the market was efficient", and "restrict your attempts to beat the market"

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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. 249: An Agenda Or An Acting Job with Michael Covel on Trend Following Radio Jun 19, 2014

Show notes

Please enjoy my monologue An Agenda Or An Acting Job 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. 248: Mark Miller Interview with Michael Covel on Trend Following Radio Jun 17, 2014

Show notes

My guest today is Mark Miller, an American computer scientist. He is known for his work as one of the participants in the 1979 hypertext project known as Project Xanadu; for inventing Miller columns; and the open-source coordinator of the E programming language. He also designed the Caja compiler. Miller is a Senior Research Fellow at the Foresight Institute.

The topic is computer science.

In this episode of Trend Following Radio we discuss:

Property rights
Hernando de Soto
Bitcoin and digital trust
"Smart contracts"
Why a contract is like a board game
Game theory
3rd World infrastructure
How program code can become a contract
A closer look at "possession is nine-tenths of the law"
Whether the Turing Test was just passed
Defining the term "singularity", and the multiple singularities of the past
A.I. and nanotechnology
How Miller's work relates to markets
The history of hypertext

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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. 247: Van Tharp Interview with Michael Covel on Trend Following Radio Jun 14, 2014

Show notes

My guest today is Van Tharp, Tharp runs the Van Tharp Institute and is the author of four acclaimed books published by McGraw Hill: Super Trader, Trade Your Way to Financial Freedom, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading. He was also featured in Jack Schwager's Market Wizard's: Interviews with Great Traders. Van Tharp received his Ph.D. in psychology, is a certified Master Practitioner of Neuro Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based.

The topic is his book Trading Beyond the Matrix: The Red Pill for Traders and Investors.

In this episode of Trend Following Radio we discuss:

Beliefs in the context of trading and investing
The moment of now, and the Navajo's belief of a never-ending present
The belief examination paradigm
"Big money" and what it means to Van Tharp
The idea of "trader jail"
Fear of the unknown
The importance of sleep
The difference between spirituality and religion

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. 246: David Ryan Interview with Michael Covel on Trend Following Radio Jun 11, 2014

Show notes

My guest today is David Ryan. Ryan was famously first featured in Jack Schwager's "Market Wizards" book. Ryan has been the U.S. Investing Champion for 3 times and also worked for William O'Neil.

The topic is market wizards strategies.

In this episode of Trend Following Radio we discuss:

How Ryan got his start walking up to the front door of O'Neil's offices
How Ryan would describe his approach to trading today
CAN SLIM trading, and buying the breakout vs. buying the dip
Enjoying trading without clients
Some good CAN SLIM winners in the past two to three years from Ryan's perspective
Big picture-wise, the max loss that Ryan is willing to take on a position
The type of winning percentages that Ryan really sees
The uneasiness about the overall market system since the 2008 financial crisis and how Ryan looks at how the situation has unfolded
High frequency trading
How the market can be humbling; and getting your ego out of the market

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. 245: Jerry Parker Interview with Michael Covel on Trend Following Radio Jun 09, 2014

Show notes

My guest today is Jerry Parker, an original Turtle, trained by Richard Dennis. However, since then he has very successfully run a managed money firm called Chesapeake Capital.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Mean reversion trading
What the definition of momentum trading is compared to trend following
Why "good enough" is more rigorous than any metric
How the intervention of the Fed has broken up trends and made volatility drop in markets
How the idea of uncertainty and talking in probabilities makes people uncomfortable
The difference between managed futures and trend following
Why buy and hold is predicated on trust of the Fed
Why trend followers don't look to "beat" the market

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. 244: Walter Williams Interview with Michael Covel on Trend Following Radio Jun 04, 2014

Show notes

My guest today is Walter Williams, an American economist, commentator, and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his libertarian views.

The topics are liberty and economics.

In this episode of Trend Following Radio we discuss:

Why Williams calls himself a radical
The morality of markets
The welfare state and bailouts
How Williams didn't "think poor" growing up
The nefarious aspect of minimum wage
How Williams stayed positive and avoided bitterness despite opposition
Malcolm X. and Martin Luther King, Jr.
Why there's no poverty in the United States
How Williams felt about the Fall of 2008 and the bailouts that took place
How we got to the point where people want to trust the state so much
How Williams has developed a thick skin to deal with the criticism of his radical nature

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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. 243: John Mauldin Interview with Michael Covel on Trend Following Radio Jun 02, 2014

Show notes

My guest today is John Mauldin, a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the most widely read investment newsletters in the world.

The topic is finance.

In this episode of Trend Following Radio we discuss:

Credit card rates and zero interest rate policy
The improper use of credit
Debt spirals
Central bank policies that keep whipsaw periods going
The actions in Japan and how they can spread across the world
The justifications that Mauldin sees behind the scenes
Black swans and boom-bust periods
How the 2008 financial crisis wasn't a true black swan event
The "why" behind zero interest rate policy
The specter of Keynesianism over the world

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. 242: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio May 27, 2014

Show notes

My guest today is Jean-Philippe Bouchaud, the Chairman of the multi-strategy quantitative hedge fund Capital Fund Management (5B+ AUM) and co-supervisor of the research team. He is a well known authority in the field of Econophysics, co-author of "Theory of Financial Risks and Derivative Pricing", a Professor of École Polytechnique where he teaches Complex Systems and has his Ph.D in theoretical physics from École Normale Supérieure.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Bouchaud's physics background and how it collided with the world of classical economics
The Black-Scholes model, and its still use; experimenting with simulation
Bouchaud and his colleague's paper, "Two Centuries of Trend Following"
The efficient market hypothesis
Why the existence of trends is one of the most statistically significant anomalies in financial markets
How trends predate trend following
Why classical economics has no framework through which to understand "wild markets"
Benign randomness vs. wild randomness
Accepting uncertainty
Differences between physicists and economists

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. 241: A Cult-Like Indoctrination with Michael Covel on Trend Following Radio May 22, 2014

Show notes

Please enjoy my monologue A Cult-Like Indoctrination 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!