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Category: Economics

“David Stockman Everyone Should Hear It”

Posted on by Michael Covel

Feedback in:

Really enjoyed your interview with David Stockman. EVERYONE should hear it.

What struck you about David’s episode in particular?

What struck me: an entirely believable and rational explanation for world events that followed the slaughter of WW1. I have not read his book, but have now ordered it and look forward to hearing his take on the causes of that horrible and horribly unnecessary conflagration (WW1). I believe it was bankers that were at the root of it, as I believe they have been at the root of all wars since. A horrible, horrible bunch of psychopaths.

And the method by which bankers wreak their havoc is through fiat money, its issuance and their control of interest rates. They have to keep the world ignorant of this, which they do by control of the media and what is taught at universities (this they achieve by financing university chairs and appointing people that will not teach what is really going on in the world of finance).

Hopefully the major events presently taking place will lead to profound changes. In the meantime we rely on brave and honest people like you and David Stockman to do your profoundly important work of educating the ignorant.

Very best wishes,
[Name]

Thanks.

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Ep. 326: Kabir Sehgal Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Kabir Sehgal
Kabir Sehgal

My guest today is Kabir Sehgal, a New York Times bestselling author and Grammy Award-winning producer. He is currently a vice president at JPMorgan Chase. Sehgal’s new book, Coined: The Rich Life of Money and How Its History Has Shaped Us, caught Covel’s eye. This is a subject layered in complexity and depth. Just about everything that goes on in our lives is decided by money and Sehgal digs into its story on a micro level.

The topic is his book Coined: The Rich Life of Money and How Its History Has Shaped Us.

In this episode of Trend Following Radio we discuss:

  • Sehgal’s history
  • Sehgal’s experience winning a Grammy for production and the idea of “no boxes”
  • Why Sehgal sees his life like a jazz composition
  • Defining money as a symbol of value
  • The neurological effects and artistic aspects of money
  • The currency of the natural world
  • Whether Sehgal sees “money as the root of all evil”
  • The idea of charity
  • The politics of money
  • The internationalization of currency
  • Hyperinflation
  • Gold, and Sehgal’s experience going to the basement of the New York Fed
  • Digital money and bitcoin

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James Simons: Mathematics, Common Sense and Good Luck

Posted on by Michael Covel

I start this at a point where he talks about his entry into trading.

Jim Simons
Jim Simons

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 Podcast Guests
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• Performance
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• Markets to Trade
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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. 324: David Stockman Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
David Stockman
David Stockman

My guest today is David Stockman. Those that follow business and politics in the United States will recognize his name. Stockman has been a businessman, a Congressman, and Director of the Office of Management and Budget under President Ronald Reagan.

The topic is his book The Great Deformation: The Corruption of Capitalism in America.

In this episode of Trend Following Radio we discuss:

  • Woodrow Wilson piece
  • How Wilson brought the US into World War I and how the pain of the 1930’s and the pivot point of the 20th century was connected
  • Why the ATM’s going dark in 2008 wasn’t a true possibility
  • Zero interest rate policy and how we’re forcing people to spend down principal
  • How the Fed can generate massive bubbles

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“To Bankrupt a Fool, Give Him Information”

Posted on by Michael Covel

Great Tweet and link from Jerry Parker:

The headline from:

Nassim Taleb
Nassim Taleb

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. 318: Christopher Chabris Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Christopher Chabris
Christopher Chabris

My guest today is Christopher Chabris, an American research psychologist, currently Associate Professor of Psychology and co-director of the Neuroscience Program at Union College in Schenectady, New York, Adjunct Assistant Professor of Neurology at Albany Medical College and a Research Affiliate at the MIT Center for Collective Intelligence.

The topic is his book The Invisible Gorilla: How Our Intuitions Deceive Us.

In this episode of Trend Following Radio we discuss:

  • Witnesses, memory, and the legal system
  • Expert witness testimony
  • “The play that changed poker”
  • Mastery in any field
  • The connection between chess and memory
  • Chabris’ interaction with Neil deGrasse Tyson, and how memory affects our outlook
  • The stock market, prediction, and forecasting
  • The importance of confidence with regard to predictions
  • Simple rules vs. complex rules
  • Oprah Winfrey, Malcolm Gladwell, and intuition
  • Memory and the influx of information coming at us

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Ep. 315: Michael Mauboussin Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Michael Mauboussin
Michael Mauboussin

My guest today is Michael Mauboussin, an investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and serves on the board of trustees at the Sante Fe Institute (an independent, nonprofit theoretical research institute). He is managing director and head of Global Financial Strategies at Credit Suisse, where he advises clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making.

The topics are his books More Than You Know and Think Twice: Harnessing the Power of Counterintuition.

In this episode of Trend Following Radio we discuss:

  • Multi-disciplinary thinking and its influence on Covel
  • Looking at larger reference classes
  • The Swiss Franc
  • Mauboussin’s personal take on the recent oil move
  • Fundamentals and expectation
  • Luck or skill when it comes to trading profits
  • The paradox of skill, absolute, and relative skill
  • Whether scientific principles of luck exist
  • Defining luck
  • Outcome bias
  • The general public perception of behavioral economics

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