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Category: Interviews

Ep. 209: Dave Rapach Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dave Rapach
Dave Rapach

My guest today is Dave Rapach, an internationally renowned researcher in the area of asset return forecasting. His research is highly cited and published in leading scholarly and practitioner journals in Finance and Economics. Rapach is a Professor of Economics and holds the John Simon Endowed Chair in Economics at the Saint Louis University Chaifetz School of Business.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Why trend following works from an academic standpoint
  • “Publish or perish” and the difficulty of publishing scholarly articles on trend following
  • Early research on trend following, the random walk theory, and Burton Malkiel’s “A Random Walk Down Wall Street”
  • Warren Buffett, Bill Dunn, and survivorship bias
  • A paper that Rapach traces to the reintroduction of trend following and technical analysis to the academic community
  • Measuring systematic risk
  • Eugene Fama’s recent nobel prize
  • How the trend following world has been neglected by the academic community
  • How Rapach found his way into the academic finance world
  • Covel’s experience digging in to trend following research in the early to mid 1990’s
  • Some of Rapach’s recent papers
  • Why recessions are good for trend following

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Ep. 207: Dominic Frisby Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dominic Frisby
Dominic Frisby

My guest today is Dominic Frisby, a self-proclaimed accidental financial bod, comedian, actor of unrecognized genius, voice of many things, & presenter.

The topic is his book Life After the State: Why We Don’t Need Government.

In this episode of Trend Following Radio we discuss:

  • Frisby’s beginnings as an actor and comedian
  • What comedy can teach us about finance and the discipline of clarity
  • How Cuba’s currency confusion led the nation to unfortunate circumstances
  • Real estate
  • Other peoples’ trust in the state
  • How the poor and needy would be cared for in a society without a state
  • The monopoly on compassion
  • How the state takes a piece of everything
  • “Greed is good”, “money is the root of all evil”, etc
  • Crony capitalism
  • Predation vs. productivity
  • The influence of lobbyists
  • The duopoly on money by banks and the state
  • Education
  • Bitcoin, digital currency, and taxation

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Ep. 205: Chris Ducker Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Chris Ducker
Chris Ducker

My guest today is Chris Ducker, a serial entrepreneur and author of the bestseller, “Virtual Freedom”, and more recently, “Rise of the Youpreneur”. He owns and operates several businesses, that combined house over 400 full-time employees internationally. He’s also a trusted international business mentor, keynote speaker, podcaster, blogger, as well as the founder of Youpreneur.com – the leading personal brand business education company in the world.

The topic is his book Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business.

In this episode of Trend Following Radio we discuss:

  • The definition of virtual freedom
  • How Ducker came from the cubicle originally, and how he got to be the location independent entrepreneur he is now
  • How Ducker became a “virtual CEO”
  • The idea of a “superhero syndrome”
  • The idea of a virtual, international staff
  • The process of finding a VA (virtual assistant)
  • The two types of outsourcing
  • Hiring for the role–not for the task
  • Text, audio, and video communication
  • Tim Ferriss and the four-hour work week
  • Developing a location independent lifestyle

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Ep. 204: Russell Napier Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Russell Napier
Russell Napier

My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following.

The topic is his book Anatomy of the Bear: Lessons from Wall Street’s Four Great Bottoms.

  • Why the average person will never see an interest for their savings again in their lifetime
  • How the choice of equities is made for many
  • How we’re not really in a free-market capitalistic world
  • Why Napier thinks we’re on the eve of a major deflationary period
  • How the equity bull market causes people to simply not think (or question).

In this episode of Trend Following Radio we discuss:

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Ep. 203: Bobby Casey Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel

My guest today is Bobby Casey, a consultant on international tax planning, investment immigration, and global citizenship. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.

The topics are entrepreneurship and travel.

In this episode of Trend Following Radio we discuss:

  • How Casey found his way to Latvia
  • Travel in general
  • Some of the issues you may encounter during travel
  • Lithuania
  • Holding dual citizenship
  • The advantages of having a passport from another country

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Ep. 202: Barry Schwartz Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Barry Schwartz
Barry Schwartz

My guest today is Barry Schwartz, an American psychologist and author. He is a professor of Social Theory and Social Action at Swarthmore College. Schwartz’s psychological work is right there at the foundation of why any trader or investor will have success.

The topics are his books The Paradox of Choice: Why More is Less and Practical Wisdom: The Right Way to Do the Right Thing.

In this episode of Trend Following Radio we discuss:

  • Choice and practical wisdom
  • Choice in selecting a mutual fund, and how Schwartz has seen that unfold in corporations
  • The paradox of options
  • Having too much choice
  • Democracy and choice
  • The idea that decision-making has shifted from the expert to the individual
  • Why prescription drugs are marketed to people who can’t buy them outright
  • If choice drives clinical depression
  • Expectations
  • The idea of practical wisdom
  • Judgment and discretion in the workplace
  • Wisdom and the education system
  • Having a “script” from your employer that prevents you from thinking outside of the box
  • The importance of working with like-minded people
  • How things have changed since the 2008 financial crisis

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Ep. 201: Frank Curzio Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel

My guest today is Frank Curzio of Stansberry and Associates. Curzio is the voice behind S&A Investor Radio, as well as the editor of the Small Stock Specialist.

The topic is markets and investments.

In this episode of Trend Following Radio we discuss:

  • The CES (Consumer Electronics Show) and upcoming electronics trends
  • Connectivity
  • Narratives
  • Protecting your downside
  • The Federal Reserve and the gold market
  • Netflix, Best Buy, and 4K televisions as a trend
  • Apple
  • Being on the ground, physically going somewhere, and the importance of being there

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