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Ep. 163: Inequality Debate with Michael Covel on Trend Following Radio

Inequality Debate with Michael Covel on Trend Following Radio
Inequality Debate with Michael Covel on Trend Following Radio

Please enjoy my monologue Inequality Debates with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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Want to learn more Trend Following? Watch my video here.

Ep. 162: Tim Dyer Interview with Michael Covel on Trend Following Radio

My guest today is Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.

The topic is personal investments.

In this episode of Trend Following Radio we discuss:

  • What an RIA does for the average investor
  • The difference between trend following fund managers and the RIA world
  • The difference between hiring Merrill Lynch and hiring an independent RIA
  • Fiduciary suitability
  • Black swan protection
  • Benchmark issues
  • Warren Buffett declaring The Fed as history’s greatest hedge fund
  • How the Internet might open up the RIA world, and the value of human-based advice in the RIA world
  • The disingenuousness of focusing only on the benefits, and failing to see the risks
  • Why some might say it “feels like 1999” today

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Ep. 161: Michael Konik Interview with Michael Covel on Trend Following Radio

Michael Konik
Michael Konik

My guest today is Michael Konik, the author of many books of fiction, non-fiction, and essays. Konik has had a fantastic experience in the world of sports betting, and the parallels between his world and the trend following world are off the charts.

The topic is his book The Smart Money: How the World’s Best Sports Bettors Beat the Bookies Out of Millions.

In this episode of Trend Following Radio we discuss:

  • Similarities between Konik’s world and the Turtle story
  • Konik’s background and how he came into this world of rule-based betting
  • Some of the stories about “Big Daddy” Rick Matthews (fake name for a very high profile individual featured on 60 Minutes), the main character in Konik’s book and the most successful sports wagerer in the world
  • Position limits
  • Konik’s theater background and how it tied in to the experiment
  • Sports betting technique, the line, the Kelly Criteria, and “Big Daddy’s” own line
  • The “brain trust” and how “Big Daddy” led his operation
  • Point spreads
  • Looking for value rather than a favorite home team
  • The importance of a dispassionate outlook
  • The importance of knowing why you place a bet or trade
  • How the brain trust came up with a line better than the other lines out there
  • The importance of injuries in sports betting

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Ep. 159: History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio

History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio
History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio

Please enjoy my monologue History’s Greatest Hedge Fund with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Don’t Run Against the Wind… Go With the Flow

Feedback:

Hi Michael, A quick note to thank you for the wonderful podcasts (and your books). I’ve been listening to them whenever I go for my runs a few times a week. And in the midst of all the market nonsense, these podcasts (TF-related or not) have kept me sane as I trade trends. TF is like running with the wind which may not come all the time. But when they do come (slow or fast & furious), I make sure I run with it, not against it. It’s easier that way. I sometimes wonder why people run against the wind. Press on with your work!

Warmest regards,
Francis

Thanks Francis!


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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. 157: Mike Bellafiore Interview with Michael Covel on Trend Following Radio

Mike Bellafiore
Mike Bellafiore

My guest today is Mike Bellafiore, the co-founder of SMB Capital, a proprietary trading firm in New York City, and SMBU, its trader education company. Bellafiore also writes regularly for the globally popular SMBU blog, where he shares ideas on how to improve trading performance.

The topic is his book The Playbook: An Inside Look at How to Think Like a Professional Trader.

In this episode of Trend Following Radio we discuss:

  • Real rewards to being a successful trader
  • Passion in trading
  • Why professional traders fail
  • Parallels between trading and writing
  • Bellafiore’s history and definitions of “prop trading”
  • Trading short timeframes and intraday trading
  • The “prop desk”
  • Ups and downs in Bellafiore’s career
  • The early history of SMB Capital
  • Bellafiore’s early struggles with his father’s health concerns, his mother’s death, an SEC investigation, and how “The PlayBook” came out of it
  • The ten attributes of a great trader
  • Trading psychology and mindset
  • Personality types and short-term trading
  • Microscalping and swing trading
  • Expertise, flow, and mastery
  • Process vs. outcome
  • Entrepreneurship
  • The importance of coaching
  • The four ways to become great at anything

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Ep. 156: Patrick Boyle Interview with Michael Covel on Trend Following Radio

Patrick Boyle
Patrick Boyle

My guest today is Patrick Boyle, a fund manager, academic, and author. Boyle is the Founder of Palomar Capital Management, a UK-based hedge fund.

The topic is fund management.

In this episode of Trend Following Radio we discuss:

  • Directional trading
  • Timeframes in trading and short-term trading
  • Boyle’s background and how he came to be a founding partner of Palomar
  • Boyle’s time working with Victor Niederhoffer
  • Niederhoffer and his teaching lineage
  • David Harding and Bill Dunn
  • Boyle’s political stances, the Fed, and the SEC
  • Risk and running a directional fund
  • Performance correlation to the S&P and the trend following CTA’s
  • The big picture takeaways that Boyle learned under Niederhoffer
  • Correlations to people who have come out of Niederhoffer’s shop
  • Monroe Trout
  • Testing ideas
  • How quantitative analysis is different from technical analysis
  • The book publishing industry, and why all the secrets might not be in a $20 book
  • Where Palomar Fund Management is at today
  • Foundational advice to the budding fund manager
  • Libertarianism

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