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Ep. 348: Michael Covel Monologue and Interview on Trend Following Radio

Michael Covel Monologue and Interview on Trend Following Radio
Michael Covel Monologue and Interview on Trend Following Radio

Please enjoy my monologue Michael Covel Monologue and Interview on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

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

Don’t Get Sucked into the Junk

Feedback in:

Michael,

I have a friend here who subscribes to [name]. I tried their trial membership but didn’t continue. Now I get all this junk. Your stuff ain’t junk at all and I love how prolific you are with your podcasts. It’s only a matter of time before I buy your Trend Following system to add to my [name]. Funny thing is I discovered you through [name] daily reports. One of the articles from [name] Money Management mentioned your name. Then I bought and read all of your books.

Warmest regards,
[Name]

A followup email:

I forgot to mention the main point of my message: There’s so much junk out there people have no idea what the real stuff is. For example, I personally surveyed more than 300 “advisors” last year and not one, that would be zero, had heard of Michael Covel or your books. Just one of them had heard of [name]. You see, at all these industry events, mainly for CE credits, I casually ask the advisor sitting next to me “what’s your plan for the next bear market? Or Black Swan Event?” Absolutely no clue from any of them, except this one guy who knew about [name]. That’s one out of more than 300 Michael. These people are so called “Advisors”. Selling nothing but MPT, the “Great Intellectual Fraud”. In Canada, that’s about a Trillion dollar fraud. I’m sure glad I’m no longer with a bank owned brokerage. Otherwise this kind of message would be a no no. As it is [name] is owned by a $100 billion mutual fund company, whose compliance people will never approve of what I do. The beauty of being 100% self-employed, merely telling the truth, and having Branch Compliance people who are open minded. After all results Speak.

Thanks!

Read about how Philip Bennett Refco got hit for a $669 million judgment.


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. 347: Kathryn Kaminski Interview with Michael Covel on Trend Following Radio

Kathryn Kaminski
Kathryn Kaminski

My guest today is Kathryn Kaminski, the Director of Investment Strategies at Campbell and Co–the famed CTA started by Keith Campbell. Today, Kaminski outlines her new whitepaper, specifically diving into correlation among traders (CTAs).

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Correlation between fund managers and strategies
  • The media’s misrepresentation of systematic strategies
  • Diversification in the CTA and equity world
  • Why one trend following strategy is similar to just one stock

Listen to this episode:

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“The Secrets Have Finally Been Harnessed!”

Feedback in:

Since I’ve been following your books and podcasts, I view [promotional] email blasts (I must receive 10-15 a day) from the investment community with a whole different attitude. I used to read them with the eagerness of a novice seeking wisdom at the master’s feet. Now, not so much. I’ve been a financial advisor for 25 years and I’ve grown so very tired of the “I wasn’t wrong, I was just early” attitude taken by Wall Street research departments and pundits. The stock market will indeed correct 10%, maybe 15% or 20%, but waiting for [that] while our currency implodes seems not only foolish but downright arrogant. It’s not so much what is [in the promo fluff] that bothers me but the implied subtext that I find offensive and so very wrong. Thank you Mike for all you do – keep shining the light. You are helping me help hundreds.

Welcome!


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.

HSBC to Charge for Holding Deposits: NIRP Arrives Full Blown

The system plans to drip you dry if “income” is your goal:

HSBC has become one of the biggest global banks to say it will begin charging clients on deposits in a basket of European currencies.

The decision underlies the extraordinary measures banks are taking to prevent their profit margins being crushed in the record low-interest rate environment.

HSBC has written to other banks to warn it will start charging them for deposits in euros, Swiss francs, Danish krone and Swedish krona — all currencies of countries that have negative interest rates — at its UK, German and Hong Kong operations from this summer.

It is the first UK bank to announce such charges following similar announcements from Swiss, German and Nordic institutions.

“HSBC charges banks for deposits they hold with us in currencies where negative interest rates apply,” the UK-based lender said in a statement on Tuesday. “Banks affected have been notified and we continue to monitor the situation.”

Still trust the authorities?


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.

Just Starting Out? Read Like Crazy!

Feedback in:

Dear Michael,

My name is Jason and I am an avid listener to your podcast. I have a 13-year-old son who I would love to guide toward having the kind of economic freedom and lifestyle you talk about on your podcast. I am a dentist and am not familiar with what it takes to make it in the world of finance, entrepreneurship, and investing. I would be very interested in what educational goals and life experiences you would encourage a smart, 13-year old young man to go after given your valuable insight having been highly successful yourself and having interviewed many highly successful people. Would you take a certain course of study? Would you start a business or go into a certain profession? Would you work in a corporation to learn the ins and outs of the world of business?

It is a little overwhelming when trying to figure out how to steer a young man, but I guess the bottom line is this: What would you plan to do from 13-21 if you had to do it all over again? Any thoughts you may have would be greatly appreciated. Again, the podcast is awesome and keep up the great work!

Sincerely,
[Name]

I would read like crazy:

That list will keep someone busy for a few years. I would start a business or fund.

Thank you very much for responding to my email. It is a real battle these days to keep kids from being totally absorbed into the world of endless social media distractions on one hand and also being caught up in the political agenda the schools are up to on the other.

That looks like a great reading list and it definitely will keep him busy for a while to come! I also appreciate your advice to start a business or a fund also. Hopefully, those resources and direction will give him a chance to really know what makes this world turn. Again, the podcast is wonderful, and I truly appreciate your email response.

Welcome.


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. 345: Spyros Makridakis Interview with Michael Covel on Trend Following Radio

Spyros Makridakis
Spyros Makridakis

My guest today is Spyros Makridakis, the Rector of the Neapolis University of Pafos NUP and an Emeritus Professor of Decision Sciences at INSEAD as well as the University of Piraeus and one of the world’s leading experts on forecasting, with many journal articles and books on the subject. He is famous as the organizer of the Makridakis Competitions, known in the forecasting literature as the M-Competitions. His calling is to poke holes in the notion that we can forecast with accuracy.

The topic is his paper Why Forecasts Fail. What to Do Instead.

In this episode of Trend Following Radio we discuss:

  • Known knowns, known unknowns, and unknown unknowns
  • The two main types of uncertainty–“subway” and “coconut”
  • Jim Collins, one of the best-selling business book authors of all time, and why it might not have any use to us
  • Medicine and chance
  • The placebo effect
  • Acceptance of an uncertain world
  • The illusion of control

Listen to this episode:

Jump in!