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Ep. 317: Michael Covel Monologue and Peter Shankman Interview with Michael Covel on Trend Following Radio

Peter Shankman
Peter Shankman

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

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Best of Luck to You and Your Team in 2015

Feedback in:

Michael, hope this finds you well. Just wanted to pass along my sincere thanks to you for you and your podcast and all you have done for me in the last year. First heard you on a Stansberry radio podcast sometime earlier this year. Intrigued by what you said, I happened to search for and find your podcast. Started fervently listening from #1 to the end. This started an amazing journey for me. I have been researching and reading everything on Trend Following. Still have a lot to learn, but I would still be in the dark without you. Best of luck to you and your team in 2015. I sincerely appreciate all you do.

Thank you,
[Name]

Thanks!


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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.

Billy Walters Interview


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. 316: Gary Antonacci Interview with Michael Covel on Trend Following Radio

Gary Antonacci
Gary Antonacci

My guest today is Gary Antonacci. Antonacci focuses on two issues in the quant world: relative strength price momentum with trend following absolute momentum. He’s developed a strategy where he believes it’s best to combine both.

The topic is his book Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk.

In this episode of Trend Following Radio we discuss:

  • Momentum vs. trend
  • Relative strength momentum, cross sectional momentum, absolute momentum, and time series momentum
  • Trend following vs. managed futures as terms
  • Antonacci’s early history and how he found his way into the career he has today
  • Three legendary traders that crossed paths with Antonacci early on
  • The efficient market hypothesis as a less-than-solid foundation
  • Buying higher highs
  • Ray Dalio and risk parity strategies
  • Academic perspectives on momentum
  • The interaction and correlation between the two momentum strategies (relative and absolute)

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

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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Ep. 314: Peter Larson Interview with Michael Covel on Trend Following Radio

Peter Larson
Peter Larson

My guest today is Peter Larson, an American paleontologist, fossil collector, and president of the Black Hills Institute of Geological Research, a company that excavates, prepares, and sells fossils. He led the team that excavated “Sue”, the largest and most complete specimen of Tyrannosaurus rex found to date, and has published numerous scientific and popular works on dinosaur paleontology.

The topic is paleontology.

In this episode of Trend Following Radio we discuss:

  • Luck’s role in finding dinosaurs
  • Larson’s personal anecdotes about finding “Sue”
  • Whether Larson knew at the time that he was finding a piece of “land” in a legal sense
  • The scientific data that Larson was able to glean before the government took the bones
  • Telling a male dinosaur from a female dinosaur
  • What makes Larson a T-Rex entrepreneur
  • T-Rex as a predator or scavenger
  • The legal case surrounding “Sue”

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Ep. 313: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio

Jean-Philippe Bouchaud
Jean-Philippe Bouchaud

My guest today is Jean-Philippe Bouchaud, a French physicist. He is co-founder and Chairman of Capital Fund Management, adjunct professor at École Normale Supérieure and co-director of the CFM-Imperial Institute of Quantitative Finance at Imperial College London.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • His firm’s performance for 2014
  • Whether trend following actually “died” prior to it’s “reappearance” in 2014
  • What trend following manages to exploit
  • Exploiting vs. exploring
  • Looking at volatility as a precursor to profit
  • Volatility as a measure of risk
  • Trend following as a genuine market anomaly
  • The behavioral biases in play as oil has fallen fifty percent plus
  • The feedback Bouchaud has received from peers on his newest paper
  • Whether other strategies exploit a genuine market anomaly
  • Bouchaud’s philosophy on transparency and “secrets” in his work
  • Why Bouchaud’s work culture is not a culture of MBA’s

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