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Ep. 152: Dan Andrews Interview with Michael Covel on Trend Following Radio

Dan Andrews
Dan Andrews

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

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Breaking Trend Following Into China

Feedback:

Hi Mike, I was speaking to [name] the other day who is the C.O.O. for [billion plus fund] in Hong Kong. He expressed interest in finding more info about marketing CTAs [trend following] in mainland China and thought that after all your travels you may have some good insight to give him. Would it be OK if I passed him your contact details to send you over some questions? No problem at all if you would rather not.

[name]

Sure.


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Right and Wrong

A recent conversation:

Luis: Hi Michael this last podcast is really amazing with Harry Dent. To be honest I live in Portugal and I don´t know what we need more to open our eyes from our Global State of Coma. Keep going with this amazing podcast.

Michael: Why did you like this one so much?

Luis: It is amazing that you keep explaining the manipulation in so many different ways and we just can´t see. And this one is from a more fundamental I hope more people understand now people just love this kind of numbers.

Michael: Some people think it is bad to discuss these issues–trade price alone they say. Sure trade the price for trading, but we as human beings can’t keep ignoring what is the appropriate way to run societies. There is a right and wrong.


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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Backslapping at CNBC: The True Path to Wealth! Not.

Feedback in:

Hi Michael. Keep up the great work and the podcasts. Love ’em. I haven’t emailed you (as former customer) for years BUT I thought of you when I read this (ignore the website, it’s only ever bearish, but the CNBC clip attached is hilarious!). Why is it so funny? Because after Fed minutes the market tanked, then CNBC talking heads apparently said to buy it, then it rallied, then they came on TV and all gave themselves high fives for “nailing” such a great call as it went unchanged. But in the last half hour it tanked and I don’t think they told the viewers they’re retracting their high fives! One of the good things about trading in Australia is that you can sleep thru the BS because the NYSE closes at 6am, so we wake up to the only thing that really matters; the closing price!

May the trend be your friend,
Rob Lederer

Thanks Rob!

More.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following Podcast Guests
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Performance
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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Ep. 150: Harry Dent Interview with Michael Covel on Trend Following Radio

Harry Dent
Harry Dent

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

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Two Simple Guildelines to Follow When Trading For Others

Feedback:

Hey Michael, I’ve finally gotten to the point of developing programming models that show high rates of return over time using EMA crossover systems, I’m curious what advice you have going forward in terms of potentially getting into the industry professionally.

Make money.

And find clients who like what you do. Anything more than that is inefficient.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Performance
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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Trade Like A Trend Following Shark

Jerry Parker writes in:

What makes trend followers so great is their uncompromising approach to life: They’re mean, they’re hungry, and they’re coming at you. There’s a refreshing obviousness about the entire species; they pull no punches, they spring no surprises. They are what they are.

Parker passed this article on:

If everybody seems pretty depressed this week, there’s an obvious reason for it: Shark Week just ended. Shark Week, an annual bonanza provided by Discovery Channel, is insanely popular, generating amazing ratings year after year. Almost 29 million people watched it last week during prime-time hours. That’s 29 million. And why not? Sharks unite people of all races, creeds and political stripes, because everyone, even libertarians, are scared of sharks, and TV shows about the daunting creatures unite the nation emotionally. By contrast, a lot of people think meth dealers (“Breaking Bad”) and serial killers (Dexter, Hannibal) are role models. What makes sharks so great is their uncompromising approach to life: They’re mean, they’re hungry, and they’re coming at you. There’s a refreshing obviousness about the entire species; they pull no punches, they spring no surprises. They are what they are. People just love this annual celebration of the dorsally challenging, and when Shark Week is over you can feel the spirit of the American people sag. It means that the summer itself is winding down. Even the sharks are closing up shop. What a massive downer. Shark Week comes but once a year—this season with a “dramatized” documentary about a monstrously huge shark called Megalodon—and for the other 51 weeks we are on our own. I don’t understand this. If the public is so fixated on sharks, why isn’t there a Shark Spring Break? Why isn’t there at least a Shark Week every quarter? Why isn’t there a Shark Christmas Special? Or an All-Shark President’s Weekend? What other type of programming could be so breathtakingly popular, yet only get broadcast once a year? Pro Football Week? Nascar Week? “The Daily Show” Week? And don’t tell me there are only a finite number of programs about sharks out there, or that the public would eventually turn away if the airwaves were glutted with shows devoted to the tigers of the deep. Don’t be ridiculous. The very concept of Shark Week raises interesting questions about TV programming in general. Why is it always sharks that have to man the barricades? Why don’t rabid lemurs ever get into the act? Why can’t spotted hyenas ever step into the breach? Hey, you pumas out there. Hey, boa constrictors. Put on your game face and suit up. Admittedly, Spotted Hyena Week does not have the same ring. Much of the problem lies with the personalities and public profile of the planet’s other species. Whales are just not scary, except killer whales, which are actually dolphins—and that ruins everything, terror-wise. Bears are only intermittently scary; even the ferocious ones look kind of cute. Tigers are scary, but people like and admire tigers, while they hate sharks. Same deal with lions. Anacondas are scary, but you are not going to get eaten alive by an anaconda in the Long Island Sound or off the coast of Malibu. As for dogs, cats, cows, robin redbreasts, Shetland ponies? Forget it. Feral Cat Week has some appeal, as do Killer Gibbons and Jailbreak Chimps. But a whole week devoted to those animals’ exploits? I don’t think so. I am not telling Discovery Channel how to run its business. Actually, I am. Television is a zero-sum proposition. If there were more shows about sharks all year round there would be fewer series about klutzes auditioning for doomed Broadway productions, fewer talk shows, and far fewer programs in which people who can’t sing get to decide the fates of people who can’t dance. If there were Sunday morning gabfests like “Face the Shark Nation” or “Meet The Shark,” people might actually tune into those shows. A step in the right direction might be incorporating some shark material into otherwise humdrum programming: “The PBS NewsHour + Sharks,” “Conan & Sharks,” the National Hockey League Game of the Shark Week. I’m not saying it would boost viewership for every show with minuscule ratings. But it would be a step in the right direction.

Nice.


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.