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Inside the Mind of Charles Faulkner with Michael Covel on Trend Following Radio.

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I just wanted to say thank you so much for the great podcasts… They have been a great comfort and inspiration during the lockdown, and if it wasn’t for the Trend Following book and podcasts, I would have given up on trading. I am just listening to the Joe Badaracco segment, and he asks such thought-provoking questions! At least there is lots of time to during these strange days.

Best wishes,

Sara L.

Thanks!

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Mike, why don’t you send these out on say Saturday morning or Sunday morning when people aren’t in the thick of trading?

Best Regards,

David C

The thick of trading? Like glued to the screen day trading bullshit?

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Hi Michael,

Just a short note to say I am enjoying the course immensely. I will be reading/watching the lessons and videos again so as to have a complete understanding of the mindset of a trend following trader. Besides the course, I am also reading The TurtleTrader and also the latest edition of Trend Following, the one featured in your recent Webinar. Sure lots of stuff to be absorbed but I am taking my time.

Once again, appreciate your efforts and time spent in sharing your knowledge.

Regards

Jenett

Welcome!

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Hi Michael,

Just listened to your podcast (EP 887), terrific work as always, and love your no BS approach and straight shooter talk. We need more of that in this world, even if most won’t listen. I just want to say I had a good laugh as you called that one guy a moron in the beginning and him saying they will no longer listen to your podcast. What do you do after that? Post a podcast about trading lmao! Absolutely love it, pure trolling at its finest.

The currencies have been showing some pretty interesting trends lately, especially the USD ones. We all know what’s happening with the USD and where it’s going (based on the FED printing), A lot of contrarian economists (Peter Schiff for example) have been talking about the actions of the FED and the effects on the economy and even the financial markets and how they’re basically the catalysts for some of the trends we are seeing. I would love to hear your take on all of this and more in a podcast and I think it would be cool to have a guy like Peter Schiff on your podcast, I’m sure you know about him.

Anyways I think the opportunities we’ll be seeing (if not already are) will be so tempting not to pass up that we’ll see guys like Salem Abraham and Bill Dunn be the big players.

Keep up the great work.

Sameer

Thanks!

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Business leaders often take actions that prop up earnings in the short term, but compromise their companies’ long-term health. David Cote, the much-respected former leader of Honeywell International and one of the most successful CEOs of his generation, shares a simple, paradigm-shifting method of achieving both short- and long-term goals.

Short-termism is rampant among executives and managers today, causing many companies to underperform and even go out of business. With competition intense and investors demanding strong quarterly gains now, leaders all too often feel obliged to sacrifice the investments so necessary for long-term growth.

Dave Cote is intimately familiar with this problem. Upon becoming Honeywell’s CEO in 2002, he encountered an organization on the verge of failure, thanks to years of untrammeled short-termism. To turn the company around, he and his team adopted a series of bold operational reforms and counterintuitive leadership practices that enabled them to “do two conflicting things at the same time”–pursue strong short- and long-term results. The outcome was phenomenal. Under Cote’s leadership, Honeywell’s market cap grew from $20 billion to $120 billion, delivering returns of about 800%, two and a half times greater than the S&P 500.

Bio: As Chairman and CEO of the industrial giant Honeywell over 16 years, David Cote grew the company’s market capitalization from around $20 billion to nearly $120 billion, delivering returns of 800 percent and beating the S&P by nearly two and a half times. Currently, David is Executive Chairman of Vertiv Holdings Co, a global data center products and services provider. He is a member of the Aspen Economic Strategy Group and on the Boards of the Council on Foreign Relations and the Conference of Montreal.

In this episode of Trend Following Radio:

• Business Leadership
• Visibility and Performance
• Values and Education
• COVID Situation in the US
• Business Meetings

Mentions & Resources:

• David Cote
• Honeywell
• Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term
• Clarence Thomas
• General Electric Company
• Jack Welch

Subscribe to Trend Following Radio on iTunes

After a lifelong fascination with financial markets, Steve Burns started investing in 1993, and trading his own accounts in 1995. It was love at first trade. A natural teacher with a gift for cutting through the bull and making complex ideas simple, Steve took to blogging and social media by founding New Trader U in 2011. New Trader U has attracted hundreds of thousands of visits a month, becoming the go-to resource for people who want to build a strong trading foundation. New Trader U offers an extensive blog resource with more than 1,000 original articles, as well as online courses and best-selling books covering a variety of topics.

Steve is one of my earliest guests on this show. I appreciate all of that early support and I enjoy watching how Steve has expanded. He has become one of the wisest and most successful users of social media in the investing space.

In this episode of Trend Following Radio:

• Covid-19 Pandemic
• Social Media Content
• Social Media Platforms and Target Audience
• Entrepreneurial Time
• Book Publisher
• Trend Trading

Mentions & Resources:

• Steve Burns
• Ray Dalio
• Trend Following
• Coronavirus