Ep. 121: Jason Russell Interview with Michael Covel on Trend Following Radio

Michael Covel speaks with Jason Russell, the President and CIO of Acorn Global Investments in Canada. Russell brings a unique perspective to the show with a very clear strategy on how his firm makes money for their clients. Covel and Russell discuss Russell’s background and how he came to form Acorn Global Investments; Russell’s strategy for Acorn and “the baker analogy”; the idea of “winners stay, losers go”; showing his investors every position that Russell has; how the terms “commodity trading adviser”, “trend follower”, “quantitative trading” don’t exactly describe what many traders do; Ed Seykota and the “trading tribe”; letting go of “why” and simply riding out trends; where strategies like Russell’s fit in the context of a portfolio; the importance of delivering uncorrelated results to the S&P 500; drawdowns and the psychological effect of going through one alone, uncorrelated to other markets; and how there’s nothing more important than risk management. More info on trend following?