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Ep. 505: Daniel Crosby Interview with Michael Covel on Trend Following Radio

Daniel Crosby
Daniel Crosby

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My guest today is Daniel Crosby, a psychologist, behavioral finance expert and asset manager who applies his study of market psychology to everything from financial product design to security selection. He is co-author of the New York Times bestseller Personal Benchmark: Integrating Behavioral Finance and Investment Management and founder of Nocturne Capital. He is at the forefront of behavioralising finance. His ideas have appeared in the Huffington Post and Risk Management Magazine, as well as his monthly columns for WealthManagement.com and Investment News.

The topic is his book The Laws of Wealth: Psychology and the Secret to Investing Success.

In this episode of Trend Following Radio we discuss:

  • Expert discretion
  • Efficient market theory
  • The eradication of guinea worms
  • Human ego
  • Warren Buffett and his trading strategy
  • Passive investing
  • Sigmund Freud’s impact on trading
  • Standard deviation as a proxy for risk
  • Matching “the benchmark”

“We tend to delegate the dangerous and own the advantageous.” – Daniel Crosby

“Trouble is opportunity.” – Daniel Crosby

Mentions & Resources:

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If Not Now, When?

From Seth Godin:

Care a little more.

Show up.

Embrace possibility.

Tell the truth.

Dive deeper.

Seek the truth behind the story.

Ask the difficult question.

Lend a hand.

Dance with fear.

Play the long game.

Say ‘no’ to hate.

Look for opportunities, especially when it seems like there aren’t any left.

Risk a bigger dream.

Take care of the little guy.

Offer a personal insight.

Build something magical.

Keep your promises.

Do work that matters.

Expect more.

Sign your work.

Be generous for no reason.

Give the benefit of the doubt.

Develop empathy.

Make your mom proud.

Take responsibility.

Give credit.

Play by a better set of rules.

Choose your customers.

Choose your reputation.

Choose your future.

Thank the ref.

Reward patience.

Leap.

Breathe.

Because we can.

It really is up to us. Which is great, because we’re capable of changing everything if we choose.

All we can do is all we can do, but maybe, all we can do is enough.

Spot on.


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.

New TurtleTrader Audio Book with Jerry Parker Interview

New TurtleTrader audio book is out with special Jerry Parker interview.

Check it out.

The Complete TurtleTrader
The Complete TurtleTrader

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. 503: John Miller Interview with Michael Covel on Trend Following Radio

John Miller
John Miller

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My guest today is John Miller, the author of “QBQ: The Question behind the Question”, is on today’s podcast. John’s message is all about person responsibility. His dad was the wrestling coach at Cornell University and he taught John the foundation for his way of thinking early on. He started in the training business selling leadership and sales management training in 1986.

The topics are his books QBQ! The Question Behind the Question: Practicing Personal Accountability at Work and in Life and The QBQ! Workbook: A Hands-on Tool for Practicing Personal Accountability at Work and in Life.

In this episode of Trend Following Radio we discuss:

  • Staying accountable for your actions
  • Social media bullying and accountability
  • Stress is a choice
  • Asking yourself the right questions to stay accountable
  • Entitlement

“Accountable people don’t blame others, and they don’t even blame themselves.” – John Miller

“People who win fall forward.” – John Miller

Mentions & Resources:

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“I feel the need to thank you for the fantastic podcasts…”

Feedback in:

Hi Michael, I never email people out of the blue, but I feel the need to thank you for the fantastic podcasts. I find I get a good laugh, some usable information, and some good entertainment during each episode. I am a Forex trader for my career and love every minute of it. We have different trade practices but the core fundamentals of trading, regardless of the method or system people use, IMO, have massive crossover. Anyway. Thanks again and keep up the good work!

Regards
[Name]

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.

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. 502: Efficient Market Thinking with Michael Covel on Trend Following Radio

Efficient Market Thinking with Michael Covel on Trend Following Radio
Efficient Market Thinking with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Efficient Market Thinking 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:

  • Efficient market hypothesis
  • Scientific method
  • What is a heuristic?
  • The market price
  • What if money was no object?

Mentions & Resources:

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

How to Start in Trend Following

Feedback in:

Hi Michael,

I’m a huge fan of your podcasts and have finished your books Trend Following, Little Book of Trading and Trend Commandments. I also listen to your podcast pretty religiously and am working through your early episodes with the fund managers. I’m currently in medical school living off loans so I use the public library for books whenever possible. I’m using just 50 day and 200 day moving averages and reading some of [name] works now. Do you have any advice on sources and ideas for trading systems and rules? Or any advice on the application of trend following.

Sincerely,
[Name]

Here is one way to start and another way to start.


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.