Ep. 549: Scott Hartley with Michael Covel on Trend Following Radio

Scott Hartley
Scott Hartley

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Scott Hartley is a venture capitalist and startup advisor. He has served as a Presidential Innovation Fellow at the White House, a partner at Mohr Davidow Ventures, and a venture partner at Metamorphic Ventures. Prior to venture capital, Hartley worked at Google, Facebook, and Harvard’s Berkman Center for Internet & Society. He is a contributing author to the MIT Press book Shopping for Good, and has written for publications such as the Financial Times, Inc., Foreign Policy, Forbes, and the Boston Review. Hartley speaks on global entrepreneurship with MIT, the World Bank, Google, and the U.S. State Department. He holds an MBA and an MA from Columbia University, and a BA from Stanford University. He is a term member at the Council on Foreign Relations.

Hartley is the author of “The Fuzzy and the Techie: Why the Liberal Arts Will Rule the Digital World.” Scott brings a wealth of knowledge from across Silicon Valley and beyond to the subject. He gives a perspective: What kind of background do most techie’s start with? The term “fuzzy” relates to liberal arts and “techie” to computer science and electrical engineering.

Michael and Scott also discuss Mark Zuckerberg. Zuckerberg is a curious skeptic. He challenges norms, is deeply curious about science fiction, and has many interests outside of the technical world. How do we know where this curiosity came from? Where did Zuckerberg and other successful techies cultivate their curiosity? Michael and Scott give insight into these questions and finish up the podcast discussing the ethical and moral implications of technology.

In this episode of Trend Following Radio:

  • Ethical side of technology
  • Addictions on top of addiction
  • Artificial intelligence
  • Curiosity and skepticism
  • Frontier markets
  • Liberal arts in the technical world
  • Myth busting the standard path to a tech career

Mentions & Resources:

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“My book shelves are creaking…”

Feedback in:

Dear Michael:

After many years in banking and by way of industry compliance regulation limited in what I can actually do with my money (I had already become very disillusioned with buy and hold “investing” only) I decided to investigate what was possible without loosing my day job. It seemed spot FX was about it. I started to look at trading and it has been the most remarkable journey. I have discovered so much about myself to the point where my wife commented that even my interaction with our two small children (3 & 4 years old) has changed completely. I can just accept what is in front of me and that they are nearly always just being children. No build up of steam! All of the key psychological lessons that are important to being a successful trader are equally important to practice in everyday life. The moment of now, take responsibility, look at what one does and does not control, it goes on.

Although I came to your work (starting with your book Trend Following) after I had already started along this path, you have expanded my horizons well beyond what I would ever have picked up and read without listening to your podcasts. I travel weekly with work, so find time to listen to many of your interviews and then often explore the written works of the interviewees. My book shelves are creaking, so now I need to give up the day job and trade full time, so I have the time to read all the wisdom contained therein.

Thank you for that inspiration.

Kind regards

You are welcome!

Trading Food for Thought: April 27th Edition

Ep. 548: More New Trend Following Book with Michael Covel

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The new edition of Trend Following has gone from 100,000 words to 230,000. It is out now and it is the definitive effort on trend following. Other books have been written and they have given some good insights. However, this new edition is it. Today, Michael reads passages from the Preface and Chapter 1 of the 5th edition of Trend Following. This sneak peak gives listeners a flavor of how Michael is pushing the envelope in today’s world and further enhancing an understanding of trend following.

In this episode of Trend Following Radio:

  • 5th edition of Trend Following Preface
  • 5th edition of Trend Following Chapter 1

Mentions & Resources:

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Trading Food for Thought: April 23rd Edition

Ep. 547: Erik Wahl Interview with Michael Covel on Trend Following Radio

Erik Wahl
Erik Wahl

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Erik Wahl is author of “The Spark and The Grind,” “Unthink,” and “Unchain the Elephant.” Starting from an early age Erik was never encouraged in the arts but rather encouraged in his reading, writing and athletics. He believed that if he got straight A’s he would be successful later on in life. Things generally worked out for him–until the Dot-com bubble hit. He was devastated and realized he needed to figure out a new way to live.

Erik started meeting artists rather than business types. He came to find that mainstream society does not understand artists and because of this, many of these people would become, for lack of a better term, “tortured artists.” The love of art is what launched him into work as a professional artist. Art was not about producing a product but rather about a new way of thinking. He began processing information in a whole new way, not just linear.

Everyone has creative ideas. What sets people apart is how they chose to leverage and use it. When Erik does any presentation he starts off creating a painting on stage to rock music in 3 minutes. He is disrupting thinking by showing the audience rather than telling them. Unless you know how to use agility and mental dexterity you will be left behind. Erik teaches how to tap into creativity and adapt to the increasing rate of change happening in the world.

In this episode of Trend Following Radio:

  • Dot-com bubble
  • 2008 crisis
  • Routine and structure
  • Misconceptions of overnight success
  • Embracing the grind
  • Mental agility

“I was very content with my trading success but it really had nothing to do with my knowledge, with my insight, with my acumen at reading markets. It had to do with everything was going north at that point until it went south, and it crushed me.” – Erik Wahl

“Structure creates freedom.” – Erik Wahl

“Growth and comfort cannot co-exist.” – Erik Wahl

Mentions & Resources:

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Trading Food for Thought: April 19th Edition