Michael Covel's Trend Following

My guest today is Kathy Kristof, editor of SideHusl.com, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. The topic is finance. In this episode of Trend Following Radio we discuss: If we have bubbles, and we keep having bubbles, what does the average investor do? The difficulty of trying to figure out value today The impact of interest rates on investors; the "nervousness" of stocks Government intervention and trust Why investors are better off with a "softer" job market, and a slower recovery Why we have a "Goldilocks" economy, and what might happen if a black swan swoops in Why almost every strategy will have good results at some time or another, and the importance of picking a strategy for yourself Technology, and the connection to entrepreneurial pursuits 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!

Please enjoy my monologue Hendry, Harding, The Pope and Acroyoga 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!

My guest today is Charles Faulkner, an author, trader, and international 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: Behavior, emotions, decision-making, and intuition in the world of money--and what money does to us on a biological level Neurolinguistic Programming How money in the mind influences money in the world The schizophrenic-seeming handout to the two recent Nobel Prize winners "System one" and "system two" How "one" is running all the time, how "two" takes effort--and where Faulkner hopes to take this research How experience can teach "system one" New lightbulb moments in current research How the "afraid to lose" (or in Singapore, Kiasu) concept could be terribly dangerous when applied to money Why the less you know about something, the clearer the image--and the more certain you are that it's real and true The need for certainty Money as a living metaphor; sunk costs The Myers-Briggs instrument Rituals and money 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!

My guest today is Mikael Stenbom, the CEO and founder of RPM, which is an advisory consulting firm in Sweden. They advise, consult, or manage over 3.5B AUM. Stenbom has had tremendous experience in understanding strategy and the money management side of the CTA/managed futures world. The topic is CTA's. In this episode of Trend Following Radio we discuss: Stenbom's early influences Stenbom's economics background Connections between economics, trading, and sociology The Austrian school of economics His style of responsive, systematic trading to new clients Andrew Lo's Adaptive Markets Hypothesis The process of rebranding Stenbom's firm in 2008 The "politically infected" investor The cultural compatibility between Nordic countries and the Japanese 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!

My guest today is Tom DeMark, the founder and CEO of DeMark Analytics and the creator of the DeMark Indicators. The DeMARK studies are known internationally for their objective and mechanically-driven approach to both trading and investing, and are designed to anticipate potential price activity in the financial markets. The topic is Trend Following. In this episode of Trend Following Radio we discuss: How all conceivable market factors are in the price movement Obsession, passion and practice Having the "cover story" of fundamentals, but using technical analysis behind the scenes Elliott wave The fibonacci sequence Forecasting DeMark's thoughts on George Soros, Michael Steinhardt, Paul Jones, Steve Cohen, and others Thoughts on when DeMark first started computerizing his indicators Why you'll fail if you rely solely on charts DeMark's thoughts on the pure price driven, reactive trend following traders Introducing a new variable into a pure trend following approach 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!

My guest today is Cal Newport, an American non-fiction author and associate professor of computer science at Georgetown University. The topic is passion. In this episode of Trend Following Radio we discuss: Alan Watts Why following your passion isn't such a great idea from Newport's perspective The notion of deliberate practice and the 10000 hour rule, falling back on simplistic strategies that fail Passion following success as the true gauge Misconceptions about passion Thinking of passion as a side-effect of running your career in the right way Overcoming difficulty as a necessary step in the process The work and analysis Newport has done looking at top chess players The systematic aspect of gaining skill and its ties to passion Anxiety and failure 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!

My guest today is Yaron Brook, an Israeli-American entrepreneur, writer, and activist. He is an Objectivist and the current chairman of the board at the Ayn Rand Institute, where he is the executive director. The topic is liberty. In this episode of Trend Following Radio we discuss: Trading The nature of altruism The idea and definitions of selfishness in the context of objectivism The power of ideas The idea of being a victim Schools, teaching, and political teaching Entitlement leading to victimhood The rise of state power, the ambitious poor, and the minimum wage Free work and internships Alan Greenspan America compared to Singapore 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!

Please enjoy my monologue Cambodia, Picasso & Bubbles 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!

Please enjoy my monologue Fear, Snakes and Markets 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!

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!

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! --- 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!

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! --- 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!

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! --- 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!

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! --- 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!

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! --- 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!

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. --- 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!

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. --- 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!

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. --- 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!

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 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!

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!

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!

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!

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!

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!

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!

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!

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!

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!

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!

My guest today is Peter Borish, founder, chairman, and CEO of Computer Trading Corporation. He's also a founding board member of the Robin Hood Foundation, one of the great American charities. Borish has seen much in the financial world over several decades and is a wealth of insights. The topics are charity work, political side of money, and trading side. In this episode of Trend Following Radio we discuss: Roots and successes of Borish's charity work Dealing with the fact that you can't help everybody Advice to future non-profit workers The parallels between non-profits and regular businesses Where things stand today, five years after the 2008 financial crisis If we're still in an "emergency time" today Corporate welfare vs. social welfare The lurking black swan and possible equity bubble Discussing whether March of 2009 was like July of 1932 The impact of the internet Borish's book recommendations and early experiences Taking the emotions out of trading 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!

Please enjoy my monologue History's Greatest Hedge Fund 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!

Please enjoy my monologue Simple Heuristics 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!

My guest today is Mike Bellafiore, the co-founder of SMB Capital, a proprietary trading firm in New York City, and SMBU, its trader education company. Bellafiore also writes regularly for the globally popular SMBU blog, where he shares ideas on how to improve trading performance. The topic is his book The Playbook: An Inside Look at How to Think Like a Professional Trader. In this episode of Trend Following Radio we discuss: Real rewards to being a successful trader Passion in trading Why professional traders fail Parallels between trading and writing Bellafiore's history and definitions of "prop trading" Trading short timeframes and intraday trading The "prop desk" Ups and downs in Bellafiore's career The early history of SMB Capital Bellafiore's early struggles with his father's health concerns, his mother's death, an SEC investigation, and how "The PlayBook" came out of it The ten attributes of a great trader Trading psychology and mindset Personality types and short-term trading Microscalping and swing trading Expertise, flow, and mastery Process vs. outcome Entrepreneurship The importance of coaching The four ways to become great at anything 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!

My guest today is Patrick Boyle, a fund manager, academic, and author. Boyle is the Founder of Palomar Capital Management, a UK-based hedge fund. The topic is fund management. In this episode of Trend Following Radio we discuss: Directional trading Timeframes in trading and short-term trading Boyle's background and how he came to be a founding partner of Palomar Boyle's time working with Victor Niederhoffer Niederhoffer and his teaching lineage David Harding and Bill Dunn Boyle's political stances, the Fed, and the SEC Risk and running a directional fund Performance correlation to the S&P and the trend following CTA's The big picture takeaways that Boyle learned under Niederhoffer Correlations to people who have come out of Niederhoffer's shop Monroe Trout Testing ideas How quantitative analysis is different from technical analysis The book publishing industry, and why all the secrets might not be in a $20 book Where Palomar Fund Management is at today Foundational advice to the budding fund manager Libertarianism 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!

Please enjoy my monologue Boom-Bust Cycles 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!

My guest today is Gerald Celente, an American trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other important events. The topic is global financial markets. In this episode of Trend Following Radio we discuss: How nefarious the zero interest rate policy really is Forced gambling in the equity markets The desensitization of the American public The situation with Syria today Post-dot-com bubble policy in America Solutions to the complex problems today, a "reset to morality", and how it's really up to the individuals to take back what they once had (personal responsibility) Deregulation and Glass-Steagall The days of a level playing field in America Goldman Sachs and Morgan Stanley being saved in the 2008 crisis, and "too big to fail" Fascism in America War and altruism as trends in 2013 and 2014 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!

Please enjoy my monologue Trend Following In An Insane World 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!

My guest today is Dan Andrews, the founder of The Lifestyle Business podcast. He is the host of the Tropical MBA. The topic is entrepreneurship, travel and lifestyle. In this episode of Trend Following Radio we discuss: Location independence Optimizing for time and mobility Andrews' beginnings as a teenager to where he is today Artists and entrepreneurs Andrews' beginnings How being in an entirely different atmosphere can bring out your creativity How Paris in the 1920's relates to the creative explosion in Asia The importance of having a blog and telling your story Why people need stories and ideas to follow Telling a story with your business The importance of "starting" and the iterative process Your brand, and the nature of how you interact with people Thinking you know how to "do it" before you know how the "soup" is made How hard work means so much more than talent Self-control, self-discipline "Failing forward" and getting used to taking emotional risks Hyper-globalization of small businesses The revolution of podcasting Distractions, laziness, and doing an inventory on your time 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!

My guest today is Eric Wong. Wong established TCG on behalf of his family in 2003 as an asset management and financial advisory firm focused on investments with superior risk adjusted returns that are uncorrelated to major asset classes and advising family office and corporate clients. TCG's Celera division was formed in 2012 to consolidate and spin out the markets, technology, and business infrastructure of TCG. The topic is entrepreneur. In this episode of Trend Following Radio we discuss: How the rest of the world has a long way to go to understanding how China operates The niche that Wong's family office, TCG, occupies in the trading space Uncorrelated returns The advantages of working for a family office The entrepreneurial history of Wong's family Trend following data, data points, and the importance of data over a long period of time The Sharpe Ratio, and why the rest of the investing world has a problem with rejecting it The importance of pain as a measure Why Chinese investors are more driven by returns, and often agnostic to particular investment strategies Investor optimism "Nimbleness" to new ideas in Chinese culture Entrepreneurism in Asia and America 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!

My guest today is Harry Dent, a best-selling author and one of the most outspoken financial editors in America. Using proprietary research, Harry developed a unique method for studying economies around the world, and uses his analysis to provide insights on what to expect in the future. The topic is his book Demographic Trends in Real Estate. In this episode of Trend Following Radio we discuss: How demographics and consumer spending help to determine what might happen tomorrow "The demographic clip" "Die-ers vs. buyers" What happens when a smaller generation follows a larger one Zero interest rate policy and asset prices Inflation How the government keeps the bubble inflated Comparisons to Japan The forced spending of principal Whether we've lost the ability to have a conversation about the morals of our current policies Real estate speculation How we've lost direction on the idea of "resets" The boom-bust cycle The importance of failure "Coma" economies Early retirement, and why you can't retire at 65 Public employee pensions Why we ultimately need a crisis to secure our future 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!

Please enjoy my monologue Knowing What We Don't Know 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!

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel's book "The Complete TurtleTrader." The topic is Trend Following. In this episode of Trend Following Radio we discuss: Fitness The Hindenburg "omen" Objective entry/exit criteria Why you'd stay in a long position that you wouldn't want to enter into today The "oversleeping" hypothetical The idea that reducing volatility increases risk Definitions of volatility and risk Parker's thoughts on trend followers not really having drawdowns in the typical sense "Managed futures" and why investors may not want that vs. "trend following" Definitions of "managed futures" and "trend following" Why managed futures isn't a good term for some 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!

My guest today is Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation. The topic is his book The Art of Thinking Clearly. In this episode of Trend Following Radio we discuss: Availability bias Statistics The sunk cost fallacy The difficulty of logical thinking Authority bias and outcome bias Process vs. outcome The irrelevancy and "white noise" of news Information overload Neomania and the obsession with the "new" Nassim Taleb, outliers, and the black swan J.P. Morgan, banks, and looking behind the facade Why watching and waiting is torture for people (the action bias) The idea that "the boat matters more than your rowing" The paradox of choice, closing doors, and settings fire to ships The "it will get worse before it gets better" fallacy and stop loss Applying these lessons to daily life 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!

My guest today is Mebane Faber, a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria's ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. The topic is his book Shareholder Yield: A Better Approach to Dividend Investing. In this episode of Trend Following Radio we discuss: State of quant investing in Asia How asset allocation is like "bullets" The benefits of quantitative-style systems Protecting yourself against your own behavioral biases Connections between biology and trading Behavioral finance Keeping yourself from making irrational decisions Boom-bust cycles and bubbles Quant views on the efficient market theory and buy and hold Japanese markets compared to US markets "Cheap" and "expensive" countries and markets Asset class agnosticism Avoiding the big losses Investing based on dividends Momentum as a return factor Exit strategies 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!

Please enjoy my monologue Bubble Pop 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!

My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms. The topic is Trend Following. In this episode of Trend Following Radio we discuss: What it was like working within the big firms Boorman's beginnings and how he found his way to where he is today What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today How regardless of your access, success comes down to the individual Price-based trend following vs. other technical analysis Boorman's early "a-ha" moments towards trend following Trend following complexity, and why it can be "simple, but not easy" Trading your own personality Van Tharp, risk management and position sizing Trend predicting vs. trend following The fantasy of calling tops and bottoms Why the major media outlets don't give trend following proper coverage, and why trend followers don't make good "copy" Mistaken emphasis on entries rather than exits The idea that Boorman "no longer having a need to be right" after he left Lehman Brothers Alpha capture Acceptance of trend following amongst the larger financial community Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker 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!

Please enjoy my monologue Doing More With Less 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!

My guest today is Alpesh Patel, a hedge fund manager, Financial Times columnist and Bloomberg TV presenter. The topic is his book How to Win at Spread Betting: An Analysis of Why Some People Win at Spread Betting and Some Lose. In this episode of Trend Following Radio we discuss: Comparisons betweens stocks and futures What the winners have in common Trade frequency, and why active traders tended to do better in Patel's study Buy & holders vs. spread betters Academic vs. practical insights Whether Patel finds himself at odds with other Financial Times writers Why people like to imagine that trend following and momentum trading doesn't exist Patel's experience as an expert witness with "trend following on trial" Why the average person has difficulty with betting small, cutting losses, and letting winners ride George Soros, game theory and trading psychology Win/loss ratios A coin flipping experiment performed with Ph.D's, the importance of position sizing, and why systems aren't everything Why gut instinct is the opposite of what professional traders use 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!

Please enjoy my monologue Trading Places & Nature v. Nurture 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!

My guest today is Tom Asacker, an artist, writer, inventor, and philosopher. He writes, teaches, and speaks about radically new practices and ideas for success in times of uncertainty and change. The topic is his book The Business of Belief: How the World's Best Marketers, Designers, Salespeople, Coaches, Fundraisers, Educators, Entrepreneurs, and Other Leaders Get Us To Believe. In this episode of Trend Following Radio we discuss: Choice and distraction/distrust Belief and its connection to how people make decisions and habit Faith healers and how information can change our beliefs and perceptions How the supermarket works as a metaphor for belief and choice Vernon Smith and Daniel Kahneman The instinctive "feeling" mind vs. the slow, deliberate thinking mind Leading people to choose themselves vs. just getting a job Thinking like a child Comfort vs. desire Why those that have nothing to lose can put themselves in the best position for success Pulling the curtain back on your own mind to determine what your own mind is doing to prevent you from living a full life The power shift to the individual via the internet Why we see what our minds are conditioned to see Practice, hard work, and passion The metaphor of baseball, perception, belief, and behavior Thinking your way to a change vs. acting your way to a change Alan Watts, and the question of "What if money was no object?" 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!