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Ep. 1086: Jim Cullen Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jim Cullen
Jim Cullen

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My guest today is Jim Cullen, founder, CEO, and Portfolio Manager of Schafer Cullen Capital Management. His experience in the investment business spans over 50 years. Prior to founding the firm, Cullen was the Vice President at Donaldson, Lufkin & Jenrette. Previously to Donaldson, Cullen co-managed the New York Research, which specialized in low P/E research. He began his career at Merrill Lynch in 1965 and later worked for the research firm Spencer Trask & Company. He spent four years as a Navy Officer on the aircraft carrier USS Essex after receiving a B.S. in finance from Seton Hall University.

The topic is his book The Case for Long-Term Value Investing.

In this episode of Trend Following Radio we discuss:

  • 60 years on Wall Street
  • How did Amazon come into existence with Walmart’s dominance?
  • October 2008
  • Millennials, the stock market, trading, and bitcoin
  • The value perspective in Asian countries
  • Real estate and Fed tightening

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“The only information that is subjective, accurate, and relevant…”

Posted on by Michael Covel

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Thank you so much for your podcasts and especially the monologues. I recently learned a good friend of mine got back into some only long markets that he should clearly avoid, and seeing he is only a few years off retirement all the more so to avoid. When it comes to horse racing he can analyse the form, trainers and make smart bets based on a decent risk/reward and win rate – this he understands. However, when it comes to the markets his mind has gone off grid and he is guided by pundits, news, and “so called” experts. I tried to explain that every “expert” you ask will give you a different opinion. And it comes to the only information that is subjective, accurate, and relevant – price. Long story short I will put your books into his hand (in person) and say read! And also refer him to your site. In regard to your monologues, I loved the “open mouthed kiss” from the Fed, the “Foot massage” from Janet Yellen. Take it one further — what do we have left? The “Neck rub” from (whoever), the “spinal realignment’ from (whoever) Here is the ultimate rub, what about the Pottery wheel scene from the movie ‘Ghost’ Man I love your work.

Cheers,
Aaron H.

Thanks!

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 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. 1085: The Filing System with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Episode 1085
Episode 1085

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Please enjoy my monologue The Filing System with Michael Covel on Trend Following Radio.

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“I have actually been a pretty accomplished longer term fundamental investor…”

Posted on by Michael Covel

Feedback in:

I have actually been a pretty accomplished longer term fundamental investor. I had compounded around 15pct plus in the last fifteen years while paying most long term capital gains but that’s not really good enough for me as I’d like to make bigger returns without necessarily having hugely concentrated position. I had done a decent amount of reading in momentum and trend following, but still not quite putting the whole pieces together. I do think I can supplement my background in fundamental analysis in trend following strategy. My goal is to drive say 40-50pct return a year even if it is all just shorter duration trading.

David

I don’t see how fundamental analysis helps trend following. See my book Trend Following, 5th edition.

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.

“I could learn something from you and am equally sure you could learn a thing or two from me…”

Posted on by Michael Covel

Feedback in:

I only daytrade the E-mini S&P because I have a sight disability that prevents me from watching more stuff. I do a top-down from monthly down to a 15 min chart. I am a trend trader for the most part but countertrade when I see it. Not that I know everything and I’m no master forecaster but I don’t know that your course will benefit me. 1. I can’t read a lot of stuff. 2. I’m unsure that I will learn anything that I’m not already doing. Been at it from the late 90s, Michael.

I must be blunt. That is a dead end strategy. Trend following is nothing what you describe.

Wow Mike, I’ll be blunt as well. You seem a bit tender in the ego zone. You may think you know what I do but you don’t. I retired at 50 years of age and make a 6 figure annual income daytrading part time. There is more to life than trading, making $$ and talking about it. My method of trading is very simple with minimal risk. I’m flat and happy at the end of each day. I don’t claim to be a guru but at 72 years of age, I’m doing just fine, thank you. I’ve traded stocks, oil, gold, beans, dax, bonds, Eurodollar, BP, calls, puts, et al, you name it I’ve traded it. But you know what, I don’t need to trade anything other than the E-mini S&P at this time. Not saying there’s no room for improvement, there always is for everyone including you. I’m sure I could learn something from you and am equally sure you could learn a thing or two from me as well. If you don’t know when and where the worm will turn and execute some precise countertrend trades then you are leaving a lot of $$ on the table because it’s easy enough to go with the flow.

I would never recommend your strategy.

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.

“Even in this stellar year for trend-following, media are still trashing CTA…”

Posted on by Michael Covel

Feedback in:

Even in this stellar year for trend-following, media are still trashing CTA (trend-followers) with the 1998 LTCM label. https://www.youtube.com/watch?v=5fbW3yABwec

54:20 – Very quickly are you levered up? I mean come on. Nobody’s listening Katie. You could tell me are you 3 to 1, 20 to 1. Are you doing a 1998 redux?

At least the guy was polite enough to congratulate on the performance but his sarcasm for the last question was mind-blowing.

1998 was LTCM. Trend following made a fortune in 1998.

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.

Ep. 1084: Alan Dunne Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Alan Dunne
Alan Dunne

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My guest today is Alan Dunne. He is the CEO of Archive Capital. Alan has worked in the financial markets for over 25 years at global macro and managed futures hedge funds and large investment banks as a CIO, hedge fund allocator, macro strategist, and technical analyst. Prior to founding Archive Capital, he was Managing Director and a member of the investment committee at Abbey Capital. Alan started his career as a foreign exchange analyst and trader, working for Bank of America in London, Hong Kong, and Singapore and for BNP Paribas in emerging markets before returning to Dublin to join Allied Irish Capital Management, a global macro commodity trading advisor. He was subsequently Investment Director of Royal Bank of Scotland’s wealth management business in Ireland where he headed the investment team and was responsible for asset allocation.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • FED tightening policy to impact inflation
  • Trend following and other types of strategy
  • The Bayesian approach to decision-making
  • Market volatility
  • How quantitative trend following tactics are growing in Asian countries
  • Bitcoin

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