Ep. 621: George Anders Interview with Michael Covel on Trend Following Radio

George Anders
George Anders

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George Anders is a New York Times best selling author and journalist who has written for national publications spanning over 30 years. He shared a Pulitzer Prize for National Reporting in 1997, while at The Wall Street Journal. Michael is a huge fan of George’s classic, “Merchants of Debt” published in 1992. His most recent work is “You Can Do Anything: The Surprising Power of ‘Useless’ Liberal Arts Education.”

“You Can Do Anything” shows how humanizing technology has become one of the fastest growing jobs. 6% of technology jobs are programmer based with the other 94% being human relations based. Social media, branding, psychology, etc.–they have nothing to do with coding but are just as essential to running a successful technology based company. George gives one example of an exceptional sales person he met who happened to be an English major. He sat beside her and witnessed first hand why she was so exceptional at selling – it was how she talked to people and fostered relationships with customers over the phone. You don’t need a business degree to sell. You just need an intuitive social way of talking with people and making your customer feel comfortable. Building a successful company takes a combination of tech savvy and psychology.

Having the confidence and audacity to take a risk and reach out to some of the highest achievers in a field of your interest could be your greatest chance at a dream job. To be the best you learn from the best and you won’t get very far if you are shy about it. George also stresses that no matter what your major was in college (or if you even went to college), it is important to know that you can go in any direction with a career path. Michael and George end the podcast talking about climbing Mt. Fuji. George describes the gorgeous landscape, scenery, and a mistake he made that anyone following in his footsteps should avoid.

In this episode of Trend Following Radio:

  • Confidence in business
  • Journalism
  • Targeted marketing
  • Mark Zuckerberg
  • Alumni connections
  • Audacity
  • Persuasion
  • E-books
  • The explorers spirit

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Ep. 617: Ken Blanchard Interview with Michael Covel on Trend Following Radio

Ken Blanchard
Ken Blanchard

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Ken Blanchard is an author and management expert. His writing career spans over 60 books with his most successful being “The One Minute Manager” selling over 13 million copies. “The One Minute Manager” was first self published by Ken and his co-author and released in 1982. It quickly sold over 20,000 copies with no publicity, giving them a leg up when they were ready to negotiate publishing deals. Ken’s students span all backgrounds from large companies to entrepreneurs. His books have been translated into 40+ languages and the lessons and training he provides translates to all ages in all countries.

Where did it all start for Ken? Ken’s dad was an admiral in the Navy. He gave up a career on Wall Street to join the Navy and fight on the front lines of WWII. He taught Ken invaluable leadership qualities that he passes on throughout his books and in his training. What was one of his biggest lessons? You are only as good as the men around you.

Ken teaches three key lessons in one minute managing: one minute goal setting, one minute praising, and one minute reprimand. He believes good leaders are a combination of nature and nurture and proper training can go a long way in building successful relationships–which build successful companies. What are you doing to grow intellectually, physically, spiritually, and in your relationships? Competing with the best requires constant learning.

In this episode of Trend Following Radio:

  • Seagull managing
  • Assumed constraint
  • Self leadership
  • Power of constant learning
  • Vulnerability in leadership

“The key to successful leadership today is influence, not authority.” – Ken Blanchard

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Ep. 616: Bitcoin, Trend Following and Taking Losses with Michael Covel on Trend Following Radio

Many Investors Are Train Wrecks
Many Investors Are Train Wrecks

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Cryptocurrency is sweeping the world. From taxi drivers to Instagram bikini models – everyone is talking about getting rich off it. Millions of people are willing to jump on board immediately–whether it’s a good or bad idea.

Building off that thought… Michael recently posted this question to listeners: “You have a trading strategy that you have tested over and over but you lose 5% the first year using it, what conclusions do you draw from that?” He reads feedback from listeners who are willing to throw their strategy away after having one down period. Warren Buffett, however, has famously said that if you cannot afford to lose 50% of your portfolio then you shouldn’t be trading – what do you think he would say about a mere 5%?

Michael finishes the podcast reaching back into his archives and pulling some trading rules from past trading legends. He calls this list his “43 Kickass Trading Rules for Bitcoin and Crypto Trading.”

In this episode of Trend Following Radio:

  • Bitcoin
  • Cryptocurrency
  • Volatility

“There is only one side to the Bitcoin market and that is not the bull side or the bear side but the right side.” – Jesse Livermore [Michael Covel inserting the word bitcoin]

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Ep. 615: Robin Hanson Interview with Michael Covel on Trend Following Radio

Robin Hanson
Robin Hanson

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Robin Hanson is an associate professor of economics at George Mason University and a research associate at the Future of Humanity Institute of Oxford University. He is an expert on idea futures and markets, was involved in the creation of the Foresight Institute’s Foresight Exchange, and DARPA’s Future MAP project. He is co-author of “The Elephant in the Brain: Hidden Motives in Everyday Life.” And today Robin and Michael dive right into the heart of our hidden motives.

“The Elephant in the Brain” helps confront hidden motives embedded in the brain–things people don’t like to talk about, also known as, elephants in the room. Robin shows that once our brains are able to confront these blind spots, we can better have a grasp on ourselves and the motivations behind how we think–which of course can then lead to possibly better policy.

Think about it: Why does one person find another attractive? Why do we laugh? Robin answers these questions and more throughout his work. He forces you to dig into the deeper, darker parts of your psyche and look in the mirror. And Michael takes great pleasure in letting Robin reveal his awesome insights on today’s show.

In this episode of Trend Following Radio:

  • Hidden motives
  • Humans as political animals
  • Deception vs. self deception
  • Selfishness
  • Understanding your motivations

“You won’t see yourself — or the world — the same after confronting the elephant in the brain.” – Robin Hanson and Kevin Simler

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Ep. 614: Two Trading Legends with Michael Covel on Trend Following Radio

Tom DeMark
Tom DeMark

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Very experienced guys make great interviews. They bring age, perspective and wisdom to the table. Tom DeMark and Perry Kaufman are two men that have previously been on the podcast that exemplify this statement. Michael went back into the archives to bring these men and their interviews on the podcast today.

Perry Kaufman is an American systematic trader, index developer, and quantitative financial theorist. He is considered a leading expert in the development of fully algorithmic trading programs. He currently is president of Kaufman Analytics.

Tom DeMark is founder and CEO of DeMark Analytics and the creator of the DeMark Indicators. Tom considers himself a market timer and believes that fundamentals are critical; however, he and Michael still have a lot in common. His work is price and technically driven.

In this episode of Trend Following Radio:

  • Price movement
  • Fundamentals
  • Technical analysis behind the scenes
  • Elliott wave
  • The Fibonacci sequence
  • Forecasting
  • George Soros
  • Michael Steinhardt
  • Paul Jones
  • Steve Cohen
  • Computerizing indicators
  • 100% algorithmic trading
  • Systematic vs. Automated
  • Optimization vs. Validation
  • Tail events
  • Discipline

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Ep. 613: Matt Smith Interview with Michael Covel on Trend Following Radio

Matt Smith
Matt Smith

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Matt Smith is CEO of Royalty Exchange, an online rights platform where users sell portions of their royalty income and investors bid on it. The primary goal of Royalty Exchange is to make royalty streams investable. They have held over 200 auctions in the last 18 months where artists and investors interact in the buying and selling of royalties. Recently Matt launched a sister company Royalty Flow–created to purchase larger royalty streams and get more investors involved.

What is the process of Royalty Flow? Investors can buy shares through a platform called Folio, those shares are then transferred to a major exchange like Nasdaq. Royalty Flow was created after being approached to buy Eminem’s royalties. Royalty Flow provides a way for a pool of investors to purchase. What are motivations for investors to buy royalties? Investors view this as a hedging strategy because it is uncorrelated to their other portfolios. In contrast, what are some motivations for selling off royalties?

There are hundreds of thousands of investors that contribute to artists getting their music out there – music producers, song writers, etc., not just performers. Those contributors have royalties. Artists and their contributors see the advantages to diversification and investors see a sense of security in having a steady flow of income outside of their Wall Street portfolios.

In this episode of Trend Following Radio:

  • Streaming music
  • Music royalties
  • ICO’s
  • SEC regulations
  • Sesame Street royalties
  • Eminem royalties

“There should be consequences for poor decisions. That’s called life.” – Matt Smith

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