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    Business

    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.

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    Latest Episodes:
    Ep. 170: Bastardization of Trend Following with Michael Covel on Trend Following Radio Oct 14, 2013
    Show notes

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

    ---

    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. 169: Lewis Howes Interview with Michael Covel on Trend Following Radio Oct 12, 2013
    Show notes

    My guest today is Lewis Howes, a lifestyle entrepreneur with a wealth of different experiences, from starting new businesses to pro-athletics.

    The topic is lifestyle entrepreneur.

    In this episode of Trend Following Radio we discuss:

    • How his beginnings in athletics and an injury led to where Howes is today
    • Sacrifice in the context of sports and business
    • Howes' early influences and mentors
    • Some of Howes' early successes
    • The shift from success to impact
    • Why "I want to make a billion dollars" is not a great goal to set for yourself
    • The importance of knowing the "why" of your goals
    • Howes' experience with his podcast
    • Why doing something different every day is important to happiness
    • Advice for those who want to make fitness a part of their lives
    • Sleep management

    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. 168: Larry Williams Interview with Michael Covel on Trend Following Radio Oct 11, 2013
    Show notes

    My guest today is Larry Williams, an American author, stock and commodity trader, and politician from the state of Montana.

    The topic is trading.

    In this episode of Trend Following Radio we discuss:

    • IRS and Congress
    • Targeting of individuals and groups by the government
    • Facing the government in a court case and negotiating with the IRS
    • How Williams approached trading at the beginning, and his motivations to do so
    • How growing up in Montana affected Williams personally
    • How Williams came to run for Senate and his reasoning for doing so
    • The importance of speculation, and the difference between speculation and gambling
    • How Williams made the migration from stocks to thinking about futures
    • How Williams approached the emotional and money management sides of the equation
    • Risk control
    • Understanding what kind of system "fits" you best
    • The changing condition of markets
    • Keeping it simple
    • The importance of learning from injury
    • How Williams came to his Libertarian mindset

    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. 167: Ryan Holiday Interview with Michael Covel on Trend Following Radio Oct 07, 2013
    Show notes

    My guest today is Ryan Holiday, an American author, public-relations strategist, bookstore owner and host of the podcast The Daily Stoic. He is a former director of marketing for American Apparel.

    The topic is his book Growth Hacker Marketing: A Primer on the Future of PR, Marketing, and Advertising.

    In this episode of Trend Following Radio we discuss:

    • The definition of "growth hacking"
    • The different forms of growth hacking
    • Why many other marketing books pertain to big business rather than startups
    • The startup mentality
    • How Holiday turned to Bittorrent to launch Tim Ferriss' "The 4-Hour Chef"
    • Platforms in the growth hacking mindset
    • Letting others be lucky
    • Growth hacking in the context of startups
    • The idea of a product market fit, changing your product, and assessing its strengths and weaknesses
    • The marketing implications of knowing that "the product is never done"
    • Standing by your convictions but being open minded to change
    • The anachronism of press releases
    • Facebook, Twitter, and Instagram
    • The concept of other people's money, the lack of flexibility that goes along with that, and the importance of being able to change

    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. 166: Harry Binswanger Interview with Michael Covel on Trend Following Radio Oct 06, 2013
    Show notes

    My guest today is Harry Binswanger, an American philosopher, writer, and Objectivist as a long-time associate of Ayn Rand.

    The topic is his article on the value of 1%.

    In this episode of Trend Following Radio we discuss:

    • Being inspired by the 1%, and why his article caused such an uproar
    • The nature of trade
    • Envy and jealousy
    • Understanding where entrepreneurs start and how wealth is created
    • The bailouts of 2008
    • Wal-Mart and its many innovations
    • Why money isn't the root of all evil
    • Seeing Ayn Rand's work woven into the cultural fabric
    • Statism
    • Navigators and the new health care laws
    • Why the wealthiest counties in America all surround Washington, DC
    • Why we're at the "tipping point" in society today
    • Thoughts on Ron Paul vs. the principles of Ayn Rand

    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. 165: Tom O'Connell Interview with Michael Covel on Trend Following Radio Oct 05, 2013
    Show notes

    My guest today is Tom O'Connell of O'Connell Sports Management. Since 1997 O'Connell has represented over 70 professional baseball players and is a certified agent with the Major League Baseball Players Association.

    The topic is entrepreneur.

    In this episode of Trend Following Radio we discuss:

    • How O'Connell became the entrepreneur he is today, starting off in the club business
    • His plans for the baseball offseason
    • "Moneyball" and the use of statistics
    • Salary arbitration
    • Projecting results into the following year
    • The importance of risk
    • What O'Connell learned from working with baseball scouts
    • Competition amongst other agents
    • Comparisons to the hedge fund world
    • Some of the more interesting baseball characters that O'Connell has sat down with
    • The importance of getting out of your comfort zone

    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. 164: Richard Noble Interview with Michael Covel on Trend Following Radio Oct 02, 2013
    Show notes

    My guest today is Richard Noble, a Scottish entrepreneur who was holder of the land speed record between 1983 and 1997. He was also the project director of ThrustSSC, the vehicle which holds the current land speed record, set at Black Rock Desert, Nevada in 1997.

    The topic is entrepreneur.

    In this episode of Trend Following Radio we discuss:

    • What 600 MPH feels like to someone who has never been there before
    • The mental processes when you're going at high speeds
    • Process vs. outcome
    • The danger of emotional highs
    • Noble's entrepreneurial spirit
    • How Noble got the desire for the land-speed record at the age of six
    • Whether Noble views his endeavors as "life threatening"
    • The idea of "higher risk" in life and society today
    • The importance of taking risks
    • The idea of developing a "risk culture"
    • Motivating people to come over to your own perspective
    • The difficulties Noble experienced with British culture, the media, and with big companies
    • The parallel experiences Covel and Noble have had on the web
    • Where Noble stands on breaking the 1000 MPH barrier right now

    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. 163: Inequality Debates with Michael Covel on Trend Following Radio Oct 01, 2013
    Show notes

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

    ---

    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. 162: Tim Dyer Interview with Michael Covel on Trend Following Radio Sep 28, 2013
    Show notes

    My guest today is Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.

    The topic is personal investments.

    In this episode of Trend Following Radio we discuss:

    • What an RIA does for the average investor
    • The difference between trend following fund managers and the RIA world
    • The difference between hiring Merrill Lynch and hiring an independent RIA
    • Fiduciary suitability
    • Black swan protection
    • Benchmark issues
    • Warren Buffett declaring The Fed as history's greatest hedge fund
    • How the Internet might open up the RIA world, and the value of human-based advice in the RIA world
    • The disingenuousness of focusing only on the benefits, and failing to see the risks
    • Why some might say it "feels like 1999" today

    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. 161: Michael Konik Interview with Michael Covel on Trend Following Radio Sep 26, 2013
    Show notes

    My guest today is Michael Konik, the author of many books of fiction, non-fiction, and essays. Konik has had a fantastic experience in the world of sports betting, and the parallels between his world and the trend following world are off the charts.

    The topic is his book The Smart Money: How the World's Best Sports Bettors Beat the Bookies Out of Millions.

    In this episode of Trend Following Radio we discuss:

    • Similarities between Konik's world and the Turtle story
    • Konik's background and how he came into this world of rule-based betting
    • Some of the stories about "Big Daddy" Rick Matthews (fake name for a very high profile individual featured on 60 Minutes), the main character in Konik's book and the most successful sports wagerer in the world
    • Position limits
    • Konik's theater background and how it tied in to the experiment
    • Sports betting technique, the line, the Kelly Criteria, and "Big Daddy's" own line
    • The "brain trust" and how "Big Daddy" led his operation
    • Point spreads
    • Looking for value rather than a favorite home team
    • The importance of a dispassionate outlook
    • The importance of knowing why you place a bet or trade
    • How the brain trust came up with a line better than the other lines out there
    • The importance of injuries in sports betting

    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!


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