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Michael Covel’s Mind Food for Thought: September 9th Edition

Food for thought:

Enjoy.

Ep. 691: Gregory Aldrete Interview with Michael Covel on Trend Following Radio

Gregory Aldrete
Gregory Aldrete

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Gregory Aldrete is a professor of history and humanistic studies at the University of Wisconsin–Green Bay, where he has been teaching since 1995. His emphasis is on rhetoric and oratory, floods in Rome, ancient Greek and Roman history, and daily life in the Roman world. What was life like in ancient Roman times? How did people do things in the ancient Roman Empire? These questions are what fascinates Gregory and keeps him moving forward in his research.

What relevance does ancient history have to us today? We are ever presently walking in the footsteps of those who came before us and until you understand the history of prior civilizations, you cannot fully understand who you are. It is the blunders and the achievements of our ancestors that have built up what we see today. There is not much that can be taken away from talking heads in the news and on Twitter, but much can be learned from the study of history.

How does Gregory describe a military blunder? To be a true blunder, the situation must have been avoidable. It could have or should have turned out a different way, but because of someone’s mistakes it didn’t. One of the biggest failures of leadership, which consequently leads to blunders, is overconfidence. Michael and Greg give examples of catastrophic blunders ranging from the Battle of the Little Big Horn to Napoleon and Hitler.

In this episode of Trend Following Radio:

  • Butterfly effect
  • Overconfidence in leadership
  • Napoleon’s biggest blunder
  • Battle of the Little Big Horn
  • Hitler
  • D-Day
  • Technology and understanding its potential

Mentions & Resources:

Ep. 689: Safe is Not Really Safe with Michael Covel on Trend Following Radio

Safe Means Safe?
Safe Means Safe?

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Michael expands on Ed Seykota’s famous quote, “Everyone gets what they want.” Who gets the money and how do they get it? Why do some seem to win more than others? How do you figure all this out and dissect it? Life isn’t about being perfect, so you need to get dirty and rely on yourself to figure it out. Some choose to take action and make things happen. Others are happy watching life pass them by. Michael explains why he chooses to take action and hopes he has critics until the day he dies.

In this episode of Trend Following Radio:

  • Critics
  • Creating art
  • Unknown knowns
  • Evergreen thinking
  • Entrepreneurship

Mentions & Resources:

Michael Covel’s Mind Food for Thought: August 30th Edition

As the summer winds down…food for thought:

Enjoy!

Ep. 688: Bob Enck Interview with Michael Covel on Trend Following Radio

Robert J. Enck
Robert J. Enck

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Bob Enck is the CEO of Equinox Funds and has overseen all operations at the fund since March of 2007. Prior to joining Equinox Funds, Bob worked for about 20 years with large, highly regulated health care organizations including Bristol-Myers Squibb as well as with more entrepreneurial venture capital funded organizations.

When was Bob exposed to trend following for the first time? What was his a-ha moment? While he was doing merger and acquisition work, a couple of his friends consistently would ask him to look over literature from their firm to get input. His first exposure to trend following came from that research. The concept of trend following clicked with him and “just made sense.” His real light bulb moment was realizing that Equinox funds could make money in up and down markets. His friends soon asked him to join their company as CEO.

What is so unique about Equinox Funds? They have paved the way in researching and developing alternative investment strategies for clients through unique investment vehicles. They created the first multi-strategy managed futures mutual fund–the Frontier Fund. In a field where many companies tend to become complacent and set in their ways, Equinox brings innovation and creative thinking to the market. Bob and Michael explore the full range of issues across the alternative space.

In this episode of Trend Following Radio:

  • Trend following in up and down markets
  • Drawdowns
  • Trend following performance
  • Discretion
  • WTF
  • Forecasting

Mentions & Resources: