All Trend Following Podcast Episodes

Michael Covel, Ed Seykota, Larry Hite
Michael Covel, Ed Seykota, Larry Hite

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Ep. 596 Rob Arnott
Ep. 595 Jerry Parker
Ep. 594 Michael Covel
Ep. 593 Scott Galloway
Ep. 592 Michael Covel
Ep. 591 Jeffrey Tucker
Ep. 590 Michael Covel
Ep. 589 Rayner Teo
Ep. 588 Dan Pena
Ep. 587 Robert Sutton
Ep. 586 Jason Calacanis
Ep. 585 Laura Doyle
Ep. 584 Michael Covel
Ep. 583 Richard Clarke
Ep. 582 Peter Borish
Ep. 581 Collin Seow
Ep. 580 Michael Covel
Ep. 579 Mihir Desai
Ep. 578 Michael Covel
Ep. 577 Tyler Cowen
Ep. 576 Michael Covel
Ep. 575 Tyler Cowen
Ep. 574 Michael Covel
Ep. 573 Jon Gordon
Ep. 572 Michael Covel
Ep. 571 Jimmy Soni and Rob Goodman
Ep. 570 Michael Covel
Ep. 569 Andrew Lo
Ep. 568 Michael Covel
Ep. 567 Chris Fussell
Ep. 566 Michael Covel
Ep. 565 Anthony Tjan
Ep. 564 John Force
Ep. 563 Mark Minervini #2
Ep. 562 Michael Covel
Ep. 561 Jeff Goins
Ep. 560 Michael Covel
Ep. 559 Daniel DiPiazza
Ep. 558 Michael Covel
Ep. 557 Eric Barker
Ep. 556 R.P. Eddy
Ep. 555 Denise Shull
Ep. 554 Michael Covel
Ep. 553 Andy Molinsky
Ep. 552 Michael Covel
Ep. 551 Jack Schwager
Ep. 550 Michael Covel
Ep. 549 Scott Hartley
Ep. 548 Michael Covel
Ep. 547 Erik Wahl
Ep. 546 Michael Covel
Ep. 545 Mark Weatherford
Ep. 544 Michael Covel
Ep. 543 Cass Sunstein
Ep. 542 Michael Covel
Ep. 541 Vanessa Van Edwards
Ep. 540 Michael Covel
Ep. 539 Susan Peirce Thompson
Ep. 538 Michael Covel
Ep. 537 Isaac Lidsky
Ep. 536 Michael Covel
Ep. 535 Brad Rotter #3
Ep. 534 Michael Covel
Ep. 533 Donald Hoffman
Ep. 532 Michael Covel
Ep. 531 Mark Rzepczynski #2
Ep. 530 Michael Covel
Ep. 529 Annie Duke #2
Ep. 528 Michael Covel
Ep. 527 Jennifer Mueller
Ep. 526 Michael Covel
Ep. 525 Martin Bergin #2
Ep. 524 Michael Covel
Ep. 523 Tom Asacker #2
Ep. 522 Michael Covel
Ep. 521 John Jantsch
Ep. 520 Michael Covel
Ep. 519 Michael Covel
Ep. 518 Evan Carmichael
Ep. 517 Michael Covel
Ep. 516 Wesley Gray
Ep. 515 Michael Covel
Ep. 514 Michael Covel
Ep. 513 Michael Covel
Ep. 512 Tim Price #3
Ep. 511 Michael Covel
Ep. 510 Michael Covel
Ep. 509 Van Tharp #3
Ep. 508 Michael Covel
Ep. 507 Lanny Bassham
Ep. 506 Michael Covel
Ep. 505 Daniel Crosby
Ep. 504 Jim Rickards
Ep. 503 John Miller
Ep. 502 Michael Covel
Ep. 501 Roger Housden
Ep. 500 Charles Faulkner Special
Ep. 499 Jenny Blake
Ep. 498 Norton Reamer
Ep. 497 David Stockman #2
Ep. 496 Michael Covel
Ep. 495 Ted Parkhill
Ep. 494 Michael Covel
Ep. 493 Adam Khoo
Ep. 492 Michael Covel
Ep. 491 Brian Christian
Ep. 490 Michael Covel
Ep. 489 Chris Voss
Ep. 488 Michael Covel
Ep. 487 Robert Cialdini
Ep. 486 Michael Covel
Ep. 485 Jared Dillian
Ep. 484 Michael Covel
Ep. 483 Paul Tough
Ep. 482 Michael Covel
Ep. 481 Chris Zook
Ep. 480 Michael Covel
Ep. 479 Zen DeBrucke
Ep. 478 Michael Covel
Ep. 477 Morgan Wright
Ep. 476 Michael Covel
Ep. 475 Chase Jarvis
Ep. 474 Michael Covel
Ep. 473 Chris Lochhead
Ep. 472 Michael Covel
Ep. 471 Emma Seppala
Ep. 470 Michael Covel
Ep. 469 Laura Roeder
Ep. 468 Michael Covel
Ep. 467 David Burkus
Ep. 466 Michael Covel
Ep. 465 Sunrise Capital
Ep. 464 Michael Covel
Ep. 463 Jack Schwager
Ep. 462 Michael Covel
Ep. 461 Robin Hanson
Ep. 460 Michael Covel
Ep. 459 Tucker Max
Ep. 458 Michael Covel
Ep. 457 Amy Herman
Ep. 456 Josh Hawes
Ep. 455 Ryan Holiday #4
Ep. 454 Michael Covel
Ep. 453 Daniel Shapiro
Ep. 452 Michael Covel
Ep. 451 Daehee Park and JT Marino
Ep. 450 Michael Covel
Ep. 449 Neil Pasricha
Ep. 448 Mike Lofgren
Ep. 447 Ben Hunt #2
Ep. 446 Michael Covel
Ep. 445 Parag Khanna
Ep. 444 Michael Covel
Ep. 443 Simon Black
Ep. 442 Michael Covel
Ep. 441 Jesse Lawler
Ep. 440 Michael Covel
Ep. 439 Cole Wilcox
Ep. 438 Michael Covel
Ep. 437 Anders Ericsson
Ep. 436 Tom Bilyeu
Ep. 435 Steven Pinker
Ep. 434 Michael Covel
Ep. 433 Catherine Stott
Ep. 432 Michael Covel
Ep. 431 Bill Bonner
Ep. 430 Michael Covel
Ep. 429 Jim Rogers #2
Ep. 428 Michael Covel
Ep. 427 Michael Ellsberg
Ep. 426 Vineer Bhansali #2
Ep. 425 Philip Tetlock
Ep. 424 Michael Covel
Ep. 423 Angus Deaton
Ep. 422 Michael Covel
Ep. 421 Steve Kamb
Ep. 420 Michael Covel
Ep. 419 Mebane Faber #4
Ep. 418 Michael Covel
Ep. 417 Robert Carver
Ep. 416 Michael Covel
Ep. 415 Peter Gray
Ep. 414 Michael Covel
Ep. 413 Ron Friedman
Ep. 412 Michael Covel
Ep. 411 Jason Williams
Ep. 410 Michael Covel
Ep. 409 Tom Sterner
Ep. 408 Michael Covel
Ep. 407 Dave Huss
Ep. 406 Michael Covel
Ep. 405 Didier Sornette
Ep. 404 Michael Covel
Ep. 403 Barbara Fredrickson
Ep. 402 Michael Covel
Ep. 401 Ben Carlson
Ep. 400 Tom Basso
Ep. 399 Brett Steenbarger
Ep. 398 Michael Covel
Ep. 397 Jim Rickards
Ep. 396 Kathleen Eisenhardt
Ep. 395 Rob Walling
Ep. 394 Michael Covel
Ep. 393 Emil van Essen
Ep. 392 Michael Covel
Ep. 391 Charles Poliquin
Ep. 390 Michael Covel
Ep. 389 Joey Yap
Ep. 388 Michael Covel
Ep. 387 Gabriel Weinberg
Ep. 386 Michael Covel
Ep. 385 Paul Slovic
Ep. 384 Michael Covel
Ep. 383 Lawrence McMillan
Ep. 382 Michael Covel
Ep. 381 Ben Whately
Ep. 380 Michael Covel
Ep. 379 John Casti
Ep. 378 Michael Covel
Ep. 377 Annie Duke
Ep. 376 Michael Covel
Ep. 375 Mark Sleeman
Ep. 374 Michael Covel
Ep. 373 Lasse Pedersen
Ep. 372 Michael Covel
Ep. 371 Alexander Ineichen
Ep. 370 Michael Covel
Ep. 369 Michael Covel
Ep. 368 Taylor Pearson
Ep. 367 Eric Crittenden #3
Ep. 366 Michael Covel
Ep. 365 Chris Clarke
Ep. 364 Michael Covel
Ep. 363 Blair Hull
Ep. 362 Michael Covel
Ep. 361 Francisco Vaca #2
Ep. 360 Michael Covel
Ep. 359 Campbell Harvey
Ep. 358 Michael Covel
Ep. 357 Jonathan Fader
Ep. 356 Michael Covel
Ep. 355 Ed Seykota #2
Ep. 354 Michael Covel
Ep. 353 Steve Burns #3
Ep. 352 Tim Larkin
Ep. 351 Michael Covel
Ep. 350 Michael Melissinos and Glenn Graham
Ep. 349 Donald MacKenzie
Ep. 348 Michael Covel
Ep. 347 Kathryn Kaminski #2
Ep. 346 Gavin Serkin
Ep. 345 Spyros Makridakis
Ep. 344 Martin Lueck
Ep. 343 Ryan Holiday #3
Ep. 342 Victor Ricciardi
Ep. 341 Michael Dever Interview #3
Ep. 340 Tim Ferriss
Ep. 339 Tim Price
Ep. 338 K.D. Angle
Ep. 337 William Ury
Ep. 336 Colin Camerer
Ep. 335 Andreas Antonopoulos and Harry Yeh
Ep. 334 Michael Covel
Ep. 333 Gary Dayton
Ep. 332 Brian Proctor
Ep. 331 Douglas Emlen
Ep. 330 Nigol Koulajian
Ep. 329 Terrance Odean
Ep. 328 Robert Seawright
Ep. 327 Susan Polgar and Douglas Goldstein
Ep. 326 Kabir Sehgal
Ep. 325 Michael Covel
Ep. 324 David Stockman
Ep. 323 Jerry Parker
Ep. 322 Sophia Roosth
Ep. 321 Michael Lardon
Ep. 320 Mike Shell
Ep. 319 Salem Abraham
Ep. 318 Christopher Chabris
Ep. 317 Peter Shankman and Michael Covel
Ep. 316 Gary Antonacci
Ep. 315 Michael Mauboussin #2
Ep. 314 Peter Larson
Ep. 313 Jean-Philippe Bouchaud
Ep. 312 Dan Hill
Ep. 311 Mebane Faber #3
Ep. 310 Daniel Simons
Ep. 309 Mark Mobius
Ep. 308 Michael Covel
Ep. 307 Bryan Caplan
Ep. 306 Tom Basso #4
Ep. 305 Mark Manson
Ep. 304 Michael Covel
Ep. 303 Charles Faulkner
Ep. 302 Z. Hermaszewski and Natasha Reeve-Grey
Ep. 301 Jim Rogers
Ep. 300 Travis Jamison
Ep. 299 Scot Billington and Jon Boorman
Ep. 298 Emanuel Derman
Ep. 297 Gabriele Oettingen
Ep. 296 Ewan Kirk
Ep. 295 Gerd Gigerenzer and Brian Wansink
Ep. 294 Nigol Koulajian and Donald Wieczorek
Ep. 293 Doug Casey and Charles Hugh Smith
Ep. 292 Chris Cruden
Ep. 291 Steven Kotler
Ep. 290 Mark Rzepczynski
Ep. 289 Alex Tabarrok and David Nott
Ep. 288 Frank Curzio and Robin Griffiths
Ep. 287 Toby Crabel
Ep. 286 Alex Greyserman
Ep. 285 Anthony Todd
Ep. 284 Jason Fried
Ep. 283 Roland Austrup
Ep. 282 Kathryn Kaminski
Ep. 281 Vineer Bhansali
Ep. 280 Joey Reiman and John Brenkus
Ep. 279 Mark Broadie
Ep. 278 Larry Swedroe
Ep. 277 Michael Covel
Ep. 276 Richard Lewis
Ep. 275 Joel Mokyr
Ep. 274 Guy Kawasaki
Ep. 273 Rande Howell
Ep. 272 Michael Covel
Ep. 271 Michael Covel
Ep. 270 Laurie Santos
Ep. 269 Robert Aumann
Ep. 268 Gregory Morris
Ep. 267 Dennis Gartman
Ep. 266 Michael Covel
Ep. 265 Leo Melamed
Ep. 264 John H Cochrane
Ep. 263 Meir Statman
Ep. 262 Terry Burnham
Ep. 261 Andy Puddicombe
Ep. 260 Sally Hogshead
Ep. 259 Bucky Isaacson
Ep. 258 Megan McArdle
Ep. 257 Cullen Roche
Ep. 256 Mike Harris
Ep. 255 Tyler Cowen
Ep. 254 William Poundstone
Ep. 253 Perry Kaufman
Ep. 252 Ben Hunt
Ep. 251 Andrew Huszar
Ep. 250 Hersh Shefrin and Arvid Hoffmann
Ep. 249 Michael Covel
Ep. 248 Mark Miller
Ep. 247 Van Tharp #2
Ep. 246 David Ryan
Ep. 245 Jerry Parker #3
Ep. 244 Walter Williams
Ep. 243 John Mauldin
Ep. 242 Jean-Philippe Bouchaud
Ep. 241 Michael Covel
Ep. 240 Nir Eyal
Ep. 239 Brett Steenbarger
Ep. 238 Larry Hite and Alex Greyserman
Ep. 237 Sharon Moalem
Ep. 236 Robin Hanson
Ep. 235 Harry Markowitz
Ep. 234 Ryan Holiday
Ep. 233 Larry Doyle
Ep. 232 Tucker Max
Ep. 231 Michael Covel
Ep. 230 Mark Minervini
Ep. 229 William Adams #2
Ep. 228 Michael Covel
Ep. 227 Justin Fox
Ep. 226 Larry Tentarelli #3
Ep. 225 Thomas Gilovich
Ep. 224 Tom Dorsey
Ep. 223 Marc Faber
Ep. 222 Martin Bergin
Ep. 221 Howard Lindzon
Ep. 220 Victor Sperandeo
Ep. 219 Carl Richards
Ep. 218 Sam Polk
Ep. 217 Michael Covel
Ep. 216 Jack Schwager #3
Ep. 215 Al Abaroa
Ep. 214 Michael Covel
Ep. 213 Jonathan Hoenig
Ep. 212 Daniel Kahneman
Ep. 211 John Bollinger
Ep. 210 Michael Covel
Ep. 209 Dave Rapach
Ep. 208 Ed Seykota
Ep. 207 Dominic Frisby
Ep. 206 Harry Dent #2
Ep. 205 Chris Ducker
Ep. 204 Russell Napier
Ep. 203 Bobby Casey
Ep. 202 Barry Schwartz
Ep. 201 Frank Curzio
Ep. 200 Tom Basso #3
Ep. 199 Peter Schiff
Ep. 198 William Adams
Ep. 197 Jack Horner
Ep. 196 Michael Covel
Ep. 195 Michael Covel
Ep. 194 Dan Ariely
Ep. 193 Gerd Gigerenzer
Ep. 192 Dan Collins #2
Ep. 191 Eric Crittenden #2
Ep. 190 Michael Covel
Ep. 189 Kathy Kristof
Ep. 187 Charles Faulkner #4
Ep. 186 Mikael Stenbom
Ep. 185 Tom DeMark
Ep. 184 Cal Newport
Ep. 183 Yaron Brook
Ep. 182 Michael Covel
Ep. 181 Michael Covel
Ep. 180 Porter Erisman
Ep. 179 Tim Price
Ep. 178 Vernon Smith
Ep. 177 Brad Rotter
Ep. 176 Fabian Lim
Ep. 175 Dylan Evans
Ep. 174 Michael Covel
Ep. 173 Michael Covel
Ep. 172 Michael Covel
Ep. 171 Nick Atkeson
Ep. 170 Michael Covel
Ep. 169 Lewis Howes
Ep. 168 Larry Williams
Ep. 167 Ryan Holiday #2
Ep. 166 Harry Binswanger
Ep. 165 Tom O’Connell
Ep. 164 Richard Noble
Ep. 163 Michael Covel
Ep. 162 Tim Dyer
Ep. 161 Michael Konik
Ep. 160 Peter Borish
Ep. 159 Michael Covel
Ep. 158 Michael Covel
Ep. 157 Mike Bellafiore
Ep. 156 Patrick Boyle
Ep. 155 Michael Covel
Ep. 154 Gerald Celente
Ep. 153 Michael Covel
Ep. 152 Dan Andrews
Ep. 151 Eric Wong
Ep. 150 Harry Dent
Ep. 149 Michael Covel
Ep. 148 Jerry Parker #2
Ep. 147 Rolf Dobelli
Ep. 146 Mebane Faber #2
Ep. 145 Michael Covel
Ep. 144 Jon Boorman
Ep. 143 Michael Covel
Ep. 142 Alpesh Patel
Ep. 141 Michael Covel
Ep. 140 Tom Asacker
Ep. 139 Steve Burns
Ep. 138 Michael Covel
Ep. 137 Michael Covel
Ep. 136 Michael Covel
Ep. 135 Michael Covel
Ep. 134 Brendan Moynihan
Ep. 133 Michael Covel
Ep. 132 Michael Covel
Ep. 131 Michael Covel
Ep. 130 Dan Collins
Ep. 129 Michael Covel
Ep. 128 Michael Covel
Ep. 127 Michael Covel
Ep. 126 James Altucher
Ep. 125 Michael Covel
Ep. 124 Michael Covel
Ep. 123 Cole Wilcox
Ep. 122 Jim Woods
Ep. 121 Jason Russell
Ep. 120 Michael Covel
Ep. 119 Michael Covel
Ep. 118 Michael Covel
Ep. 117 Charles Faulkner #3
Ep. 116 Jerry Parker
Ep. 115 Michael Covel
Ep. 114 Michael Covel
Ep. 113 Michael Covel
Ep. 112 Larry Tentarelli #2
Ep. 111 Nick Radge #2
Ep. 110 Michael Covel
Ep. 109 Michael Covel
Ep. 108 Michael Covel
Ep. 107 Michael Covel
Ep. 106 Michael Covel
Ep. 105 Michael Covel
Ep. 104 Michael Covel
Ep. 103 Michael Covel
Ep. 102 Michael Covel
Ep. 101 Michael Covel
Ep. 100 Michael Covel
Ep. 099 Eric Crittenden
Ep. 098 Michael Covel
Ep. 097 Michael Covel
Ep. 096 Michael Covel
Ep. 095 Chris Kacher and Gil Morales
Ep. 094 Tushar Chande
Ep. 093 Michael Covel
Ep. 092 Michael Covel
Ep. 091 Michael Covel
Ep. 090 Richard Weissman
Ep. 089 Tadas Viskanta
Ep. 088 Jonathan Davis
Ep. 087 Michael Covel
Ep. 086 Michael Covel
Ep. 085 Barry Ritholtz
Ep. 084 Michael Covel
Ep. 083 Tom Basso #2
Ep. 082 Michael Covel
Ep. 081 Michael Covel
Ep. 080 Robert Greene
Ep. 079 Michael Covel
Ep. 078 Michael Covel
Ep. 077 Michael Mauboussin
Ep. 076 Jack Schwager #2
Ep. 075 Michael Covel
Ep. 074 Michael Covel
Ep. 073 Peter L. Brandt
Ep. 072 Michael Covel
Ep. 071 Michael Covel
Ep. 070 Michael Covel
Ep. 069 Frank Curzio
Ep. 068 Mark Shore
Ep. 067 Michael Covel
Ep. 066 Mark Melin
Ep. 065 Michael Covel
Ep. 064 Michael Covel
Ep. 063 Darren Kottle
Ep. 062 Michael Covel
Ep. 061 Michael Covel
Ep. 060 Michael Covel
Ep. 059 Michael Covel
Ep. 058 Michael Covel
Ep. 057 Alexander Elder
Ep. 056 Steve Brechtel
Ep. 055 Michael Covel
Ep. 054 Steve Burns
Ep. 053 Michael Covel
Ep. 052 Courtney Smith
Ep. 051 Charles Faulkner #2
Ep. 050 James Altucher
Ep. 049 David Cheval
Ep. 048 Michael Gibbons
Ep. 047 Michael Covel
Ep. 046 Ralph Vince
Ep. 045 Howard Getson
Ep. 044 Michael Covel
Ep. 043 Van Tharp
Ep. 042 Michael Covel
Ep. 041 Michael Covel
Ep. 040 Michael Covel
Ep. 039 Eric Prentis
Ep. 038 Brad Rathe
Ep. 037 Ryan Holiday
Ep. 036 Michael Covel
Ep. 035 Patrick De Villiers
Ep. 034 Gil Morales
Ep. 033 David Stendahl
Ep. 032 Michael Covel
Ep. 031 Michael Covel
Ep. 030 Michael Covel
Ep. 029 Mike Dever #2
Ep. 028 Michael Covel
Ep. 027 Scott Patterson
Ep. 026 Mebane Faber
Ep. 025 Michael Covel
Ep. 024 Tony Bazile
Ep. 023 Michael Covel
Ep. 022 Mike Aponte
Ep. 021 Michael Covel
Ep. 020 Tim Sykes
Ep. 019 Todd Miller
Ep. 018 Jack Schwager
Ep. 017 James Rohrbach
Ep. 016 Francisco Vaca
Ep. 015 Larry Tentarelli
Ep. 014 Douglas Stewart
Ep. 013 Mark Melin
Ep. 012 Michael Covel
Ep. 011 Tim Pickering
Ep. 010 Tom Basso
Ep. 009 Michael Covel
Ep. 008 Michael Covel
Ep. 007 Turtle Michael Shannon and Jim Byers
Ep. 006 Michael Covel
Ep. 005 Nick Radge
Ep. 004 Mike Shell
Ep. 003 Charles Faulkner
Ep. 002 Bob Pardo
Ep. 001 Mike Dever

Ep. 596: Rob Arnott Interview with Michael Covel on Trend Following Radio

Rob Arnott
Rob Arnott

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Rob Arnott is an entrepreneur, author, investor, and writer. He serves as Chairman and CEO of Research Affiliates LLC. advising on over $160 billion dollars in institutional investment assets. Rob is one of the world’s preeminent voices on investment strategy.

What was Rob like as a young man? At age 16 he was extremely mathematically inclined with an avid interest in both the stock market and astronomy. He wasn’t sure which path he wanted, but he knew his mathematical skills were good enough for a top tier job in finance, but not in astronomy. So he took his math skills and entered the world of finance.

Rob has been with quantitative investing since its inception in the 70’s. With the rise in computer capabilities, quant traders were able to start to make a name for themselves in the trading community. What is one of the biggest failings of the quant community? Traders have fallen into a trap of making systems so complex that the average investor can no longer understand them. He is a big fan of keeping things simple.

What is one rule Rob always sticks by? If you have an idea you think is a good, always try. There will be others that came before you, but that doesn’t mean your idea won’t be just as successful or more successful. However, if you never try, you will never know. When it comes to investing what is another rule? Diversification is key.

In this episode of Trend Following Radio:

  • An addiction to complexity
  • Fundamental indexing
  • Momentum trading
  • How to use valuation
  • Benchmarks
  • Diversification
  • Modern finance
  • Weighting your portfolio

“I think the quant community has a lot of issues. Some of them relate to an addiction to complexity and some of it relates to a willingness to obfuscate. If you make your ideas complex enough so that nobody can understand it, that creates a seduction attraction to some, but people shouldn’t buy something they don’t understand.” – Rob Arnott

“We are in a business where you win by making fewer errors.” – Rob Arnott

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Ep. 595: Jerry Parker Interview with Michael Covel on Trend Following Radio

Jerry Parker
Jerry Parker

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Jerry Parker was one of the original TurtleTraders trained by Richard Dennis. He has had unbelievable success over his four decade career. Jerry has a straightforward way of breaking down how trend following works.

Trend following has typical highs and lows. During the lows, there will always be people pronouncing it dead. Trend following systems are built to protect capital by using diversification and built in stop-losses to counter down periods. Said another way, there is “crash protection” built into a robust trend following strategy. On the flip side, trend following systems are built to exploit the market when it is trending up.

How easy is it to get into different markets with a trend following strategy? The great thing about systematic trading is you become an instant expert in any market. As long as you have the data, you can jump right in and trade. When you are looking at price alone, you come to find that stocks are all the same – Tesla and Coffee are traded identically.

What is the most important thing to keep in mind when trading a trend following system? Having the proper leverage is key. No system is immune to risk of ruin. Sometimes you need to adjust your leverage, reduce your risk, and do whatever you can to stay in the game. Trend following, at it’s core, is a boring strategy. It is simple and that is why it works. Choose an algorithm and from there you can choose how simple you want to make your system. But everything starts with an algorithm.

Are there any resources Jerry recommends? Cliff Asness is a great resource. He is a smart, funny, and humble person that teaches valuable information to anyone that wants to listen. After all, the best way to gain knowledge is to probe the minds of successful people and learn everything you can from them.

In this episode of Trend Following Radio:

  • Diversification
  • Becoming an expert in all markets
  • Risk aversion
  • Why the idea of “simple” works
  • Fall targeting
  • Buying markets on the cheap
  • Learning from experts

Mentions & Resources:

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Ep. 594: The Fundamentals Never End with Michael Covel on Trend Following Radio

New Trend Following
New Trend Following

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Having the right fundamental information will never guarantee success. Ray Dalio, one of the biggest traders on Wall Street says he trades off of fully automated fundamentals. If this is true what fundamentals does he choose to automate? In the same head space Larry Tentarelli forwarded Michael a tweet recently. It was a tweet from an executive associated with a big USA trading firm. This executive was asked by a business student, “What does a typical week look like for you?” His list went like this [Michael digs in]… How much time is being wasted?

If consuming that information isn’t needed then what do you use to trade? One piece of information – price. You take the price and look at the trend. Things in motion tend to stay in motion. Forming rules that you can stick to when the big trends come is key to anyone’s trading success.

In this episode of Trend Following Radio:

  • Data mining
  • Managing risk based on fundamental information
  • Weekly routines
  • Cocktail party banter
  • Desert island trading
  • Fundamental trading
  • Thinking properly

Mentions & Resources:

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Ep. 591: Jeffrey Tucker Interview with Michael Covel on Trend Following Radio

Jeffrey Tucker
Jeffrey Tucker

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Jeffrey Tucker is an American economics writer of the Austrian School, an advocate of anarcho-capitalism and Bitcoin, and has authored seven books. Jeffrey’s new book, coming out September 2017, is titled “Right Wing Collectivism: The Other Threat to Liberty.”

Michael and Jeffrey start the conversation talking information. Regimes come and go, but information we share with one another cuts through governments. Interactions with others and the tools we use to spread information are what shapes history, rather than governments trying to put their spin on it. Government officials are not visionaries, they do not define the world, they do not create history. They spend their term in office gearing up to get elected for their next term in office. The more responsibility taken out of government’s hands the better. This leads us to Bitcoin…

Why is Bitcoin so important? Bitcoin represents freedom. It’s an international currency, trades the same globally and has increased in value over time. Jeffery has been studying monetary theory since he was an undergraduate. He wrote his thesis on the gold standard and assumed he had the monetary system figured out. So naturally, when Bitcoin came out, he dismissed the idea. After a few years went by, he was forced to acknowledge the advancement of crypto currency. He now looks at markets far differently than he did in the first part of his career. He knows that the markets know much more than any person could ever understand.

Jeffrey switches the conversation to another passionate subject for him, child labor laws. Youth have bought into the idea of needing a college degree to get the right job. Parents see pushing higher education on their children as a way of guaranteeing their children’s success. Unfortunately, degrees are not necessary in today’s age. Youth unemployment and child labor is a major leading factor to issues later in life. Many kids never have their first job until after they graduate from college and every year thousands of college students graduate still dependent on their parents.

Michael and Jeffrey finish up the podcast discussing corporate taxes and building digital walls. The American economy would experience spectacular gains if corporate taxes were slashed. Cutting personal income tax would be nice, however corporate income taxes being cut is the first phase of reform. Our economy also is being hurt by slowing down the flow of information and trying to block it. Is the world going in the direction of building digital walls? Are governments slowing down growth potential by blocking information? Absolutely.

In this episode of Trend Following Radio:

  • Liberty
  • Friedrich Hayek
  • Crypto currency
  • Ledger technology
  • Block chains
  • Excessive waves of hysteria
  • College debt
  • Tax laws
  • Trump administration
  • Nation state
  • Building blocks for a civilized society

“Government doesn’t really try anymore, and that is a good thing.” – Jeffrey Tucker

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Ep. 588: Dan Pena Interview with Michael Covel on Trend Following Radio

Dan Pena
Dan Pena

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Dan Pena is a high performance coach, philanthropist, businessman and author. He has seen every type of business imaginable. He brings an attitude that inspires and provokes action.

The pussification of America has come to fruition through low self-esteem individuals creating a snowflake generation. Youth today are being raised by beta males who aren’t teaching them how to live strong, persistent and driven lives. Dan explains why the lack of alpha males in today’s society is the root of the politically correct driven culture.

When someone has a beta personality, they tend to be less than a high performance achiever. High performance people succeed because they get things done. They walk the walk on a consistent basis. They do not live a sheltered, PC life. How do they accomplish this? Picking the right friends is the first key to success. Pushing yourself to be around others who inspire, will lead to you being inspired. When kids are around other kids looking for success, they are given a much higher probability of becoming successful.

Dan doesn’t have a subtle, gentle teaching style – as anyone can sense from this podcast. His students regularly ask him, “Why are you so mean? Why do you use such harsh language?” He responds by saying, “Because life is hard.” Most people want change, but they only want change that conforms to their definition — and that is not change. That is staying the same.

In this episode of Trend Following Radio:

  • Lack of leadership in today’s society
  • Alpha males
  • Beta males
  • Getting out of victim mode
  • Political correctness syndrome
  • Snowflakes

“Being a high performance person doesn’t mean you are a good guy. Being a high performance person means that you get shit done. You are trying to be all that you can be.” – Dan Pena

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Ep. 587: Robert Sutton Interview with Michael Covel on Trend Following Radio

Robert Sutton
Robert Sutton

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Robert Sutton is Professor of Management science at the Stanford Engineering School and researcher in the field of Evidence-based management. Sutton is also the best-selling author of “The No Asshole Rule.” What does it mean to live in a “no asshole environment”? It means to weed out the people who demean and make you and others feel horrible. He gives the science and craft behind how to deal with assholes, how to prune these people from your life and get out of negative situations.

But the question ever since that book has been:

“Help, I’m dealing with an asshole! What can I do?”

Sutton has heard that question asked in a thousand different ways. He answers the question in “The Asshole Survival Guide: How to Deal with People Who Treat You Like Dirt”. It shifts focus from building civilized workplaces to providing relief for anybody who feels plagued and pushed around by assholes.

The Asshole Survival Guide delivers a cogent and methodical game plan. Sutton starts with diagnosis—what kind of asshole problem, exactly, are you dealing with? From there, he provides field-tested, evidence-based, and sometimes surprising strategies for dealing with assholes—avoiding them, outwitting them, disarming them, sending them packing, and developing protective psychological armor.

Ultimately, this survival guide is about developing an outlook and personal plan that will help you preserve the sanity in your work life, and will prevent all those perfectly good days from being ruined by some jerk.

In this episode of Trend Following Radio:

  • The no asshole rule
  • The role of assholes in entrepreneurship
  • Steve Jobs
  • Demeaned and de-energized
  • Self-awareness
  • Depression in relation to to workplace
  • Weeding out nasty people from your life
  • The asshole tax
  • Avoiding “the crazy”

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