Michael Covel's Trend Following

Latest Episodes:

Ep. 180: Porter Erisman Interview with Michael Covel on Trend Following Radio Nov 10, 2013

Show notes

My guest today is Porter Erisman, a former Vice-President at Alibaba Group (2000-08), China's internet giant. He witnessed it grow from humble beginnings into the world's largest e-commerce company.

The topic is his documentary Crocodile in the Yangtze.

In this episode of Trend Following Radio we discuss:

What it was like working with Jack Ma
Short-term vs. long-term entrepreneurs
The lack of knowledge/insight America has for China
The perceived threat of China to America
Whether nationalism played into Ma's success
The commonalities between the greatest internet entrepreneurial success stories
Government interference with Alibaba
How eBay was defeated by this small startup in China

Jump in!

---

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. 179: Tim Price Interview with Michael Covel on Trend Following Radio Nov 09, 2013

Show notes

My guest today is Tim Price, a partner and director of investment at PFP Wealth Management in the UK, an independent asset management and financial planning practice.

The topic is markets and investments.

In this episode of Trend Following Radio we discuss:

The subordination of freely discovered prices to policy goals
Why the recent trading environment seems "wrong and dangerous"
Why Price wouldn't be able to speak freely working for a large bank
Why Price and his colleagues aren't "doom and gloomers"
Why the media neglects to report on black swans
Why the role of the Fed is to keep "spiking the punch"
The vested financial pushback on having some of these views
Risk and "Against The Gods"
Why people are hardwired to be loss averse
An analogy to the US Forest Service

Jump in!

---

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. 178: Vernon Smith Interview with Michael Covel on Trend Following Radio Nov 06, 2013

Show notes

My guest today is Vernon Smith, the first Nobel Prize winner to appear on this podcast. Smith is an American economist and professor of business economics and law at Chapman University. He is formerly a professor of economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center.

The topic is economics.

In this episode of Trend Following Radio we discuss:

Bubbles
Some of Smith's early experiments
How "we're all born traders"
Early "ah ha" moments
Early science and engineering beginnings
Upsetting the conventional economics "apple cart"
The difference between "hamburgers and haircuts" and the other 25% of goods
Smith's experience bringing Chicago traders into lab experiments
How we see the dotcom bubble, spring of 2003, and the real estate bubble today
Differences between housing bubbles and stock market bubbles
Understanding why bubbles happen
Liberty
Views on Adam Smith
Smith's ideological journey from socialist to his libertarian leanings today

Jump in!

---

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. 177: Brad Rotter Interview with Michael Covel on Trend Following Radio Nov 04, 2013

Show notes

My guest today is Brad Rotter, a speculator, and venture capitalist. He's not a trend follower per se, but he's made money in the trend following world. He was the first investor with Richard Dennis in the early 1980's.

The topic is Bitcoin.

In this episode of Trend Following Radio we discuss:

How Rotter became an entrepreneur from early years as a farmer in Iowa
How he came to be Richard Dennis' first client when he started managing money
Why the US is at 'peak civilization'
Why technology is arbing away the need for people
How the unit of time is changing
Why it's harder and harder to make an easy living
Whether the US government is the greatest hedge fund in history
Why Bitcoin is a 'perfect' currency

Jump in!

---

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. 176: Fabian Lim Interview with Michael Covel on Trend Following Radio Oct 30, 2013

Show notes

My guest today is Fabian Lim, an internationally acknowledged digital marketing expert and, in a sense, a life coach focused on helping individuals to discover their true selves. He is a serial entrepreneur, best-selling author, and licensed jet pilot.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

Life in Singapore generally, and how Singapore has become "the gleaming city on the hill"
Singapore's success despite its lack of natural resources, and how its airport represents the forward thinking found there
Lim's first entrepreneurial ventures
The varied reasons that cause us to become entrepreneurs, and the difference between online and offline entrepreneurs
Experience in the context of entrepreneurship, and how it can be used as an excuse
Timeframes and getting out of the "employee" mindset
Becoming rich, and why it's a choice
Classical conditioning, self-limiting beliefs, and breaking the mold to become an entrepreneur
The idea of "failing faster"
The connection between Lim's flight training and entrepreneurship
Risk and uncertainty
Using simulations to practice
Success traits and failure philosophy
Why choice can be the enemy of a successful entrepreneur

Jump in!

---

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. 175: Dylan Evans Interview with Michael Covel on Trend Following Radio Oct 30, 2013

Show notes

My guest today is Dylan Evans, a British former academic and author who has written books on emotion and the placebo effect as well as the theories of Jacques Lacan.

The topic is risk intelligence.

In this episode of Trend Following Radio we discuss:

Definition of risk intelligence
Optimism bias
Correlations between IQ and risk intelligence
The Brandywine Raceway in Delaware and unconscious statistical modeling
Probabilities and the nuclear power risk issue
Making decisions on uncertain information
The expected value mindset
Bet sizing
How luck is always part of the game
Knowing when not to bet
The hidden costs of trying to eliminate risk in a system where risk can never be eliminated
The "calibration test" for risk intelligence.

Jump in!

---

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. 174: David Harding, Josh Brown and the Funny Phase with Michael Covel on Trend Following Radio Oct 28, 2013

Show notes

Please enjoy my monologue David Harding, Josh Brown and the Funny Phase with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

---

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. 173: Uncertainty, Prediction and Personal Responsibility with Michael Covel on Trend Following Radio Oct 26, 2013

Show notes

Please enjoy my monologue Uncertainty, Prediction and Personal Responsibility with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

---

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. 172: Getting Hurt is Part of the Game with Michael Covel on Trend Following Radio Oct 18, 2013

Show notes

Please enjoy my monologue Getting Hurt is Part of the Game with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

---

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. 171: Nick Atkeson Interview with Michael Covel on Trend Following Radio Oct 17, 2013

Show notes

My guest today is Nick Atkeson, a founding partner of Delta Investment Management, LLC. Mr. Atkeson has over 17 years of industry experience. Prior to founding Delta Investment Management, Mr. Atkeson was a partner and portfolio manager of Delta Force Capital, LLC, a San Francisco based hedge fund from 2006 to April 2009.

The topic is his book Win By Not Losing: A Disciplined Approach to Building and Protecting Your Wealth in the Stock Market by Managing Your Risk.

In this episode of Trend Following Radio we discuss:

Momentum and streaks
Some of the stories contained in Atkeson's book, including "Sonny" in Vegas and his ability to disrupt the earnings of the Rio Casino, and the idea of the "theo"
Why people should invest at all
Uncertainty in the markets, with jobs, and in retirement
Market timing
Asset allocation decisions
Negative tail risk
Black swans
What happens when/if the US potentially defaults on its debt
The idea of "systematic", taking your losses, and behavioral finance
Loss avoidance
How Atkeson got started in his career