Please enjoy my monologue Abundant Anarchy with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
In this episode of Trend Following Radio:
Ego
Preparing yourself for the next crash
Abundance
Downfall of the economy
“Connectivity is giving us a consistency of the like minded.” –Josh Brown
“The only way to save the economy is to crash it. There is too much of everything and it isn’t good for anyone.” –Josh Brown
I really enjoy your podcast and thank you for doing it. You are spot on and have added a lot of value to my thinking and challenged limiting mindsets I wasn’t even aware I had.
It would be really helpful if you talked about drawdowns and your “process” for getting through them and overcoming the standard human emotions they generate. Assuming someone is doing everything perfectly in their trend following execution (proper position sizing, diversified, ignoring the news, not looking at charts, using risk capital, etc.), do you have a process for getting through a drawdown when time marches on so slowly and our impulses are now now now?
Let’s say you believe trend following works how do you keep yourself sane and unemotional during difficult stretches. Do you have a process you use?
Thank you!
Kind Regards,
[Name]
Have you listened to all of my Basso, Faulkner and Seykota podcast episodes?
All of the psych pros across my podcast, i.e. Odean, Kahneman, Statman, Ariely, etc.? That’s just a few.
My guest today is Parag Khanna, an international relations expert, a CNN Global Contributor and Senior Research Fellow at the National University of Singapore. He is also the Managing Partner of Hybrid Reality, a geostrategic advisory firm, and Co-Founder & CEO of Factotum.
The topic is his book Connectography: Mapping the Future of Global Civilization.
In this episode of Trend Following Radio:
Supply chains
Connectivity
Cities vs. State
Chinese infrastructure growth
Trade
Trust among China’s neighbors
Territory borders
Globalization
Winners and losers in the 21st century
The idea of “not in my backyard”
Growth of Dubai
“The truth is that winners and losers in the 21st century will be determined by old versus new. Not any of these ideological things. Who has newer and better stuff and is able to maximize the utility of that stuff to improve the welfare of their population.” – Parag Khanna
Just want to drop you a quick note to tell you that I enjoyed listening to your last podcast with Simon Black. Some of his thoughts resonate with mine – such as being responsible for oneself and not “hope that the government will make it right”. Big thanks for sharing such insightful interviews for free. It’s inspiring.
Your work is great, Mike. Keep doing what you do, and how you do it. The fact that you keep one foot in obscurity, staying just under the radar – it’s like the old days of college radio. Mainstream is for sellouts.
Are all trend followers use spreadsheet alone to trade? Or they also use charts for visualization? I am having a hard time trading using spreadsheet alone and I tend to see a chart. It provides the visualization I need.
Thank you
Best Regards,
[Name]
What does the visualization do?
Are your trading decisions based on the price or visualization of a chart?
