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Category: Podcasts

Ep. 152: Dan Andrews Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Dan Andrews
Dan Andrews

My guest today is Dan Andrews, the founder of The Lifestyle Business podcast. He is the host of the Tropical MBA.

The topic is entrepreneurship, travel and lifestyle.

In this episode of Trend Following Radio we discuss:

  • Location independence
  • Optimizing for time and mobility
  • Andrews’ beginnings as a teenager to where he is today
  • Artists and entrepreneurs
  • Andrews’ beginnings
  • How being in an entirely different atmosphere can bring out your creativity
  • How Paris in the 1920’s relates to the creative explosion in Asia
  • The importance of having a blog and telling your story
  • Why people need stories and ideas to follow
  • Telling a story with your business
  • The importance of “starting” and the iterative process
  • Your brand, and the nature of how you interact with people
  • Thinking you know how to “do it” before you know how the “soup” is made
  • How hard work means so much more than talent
  • Self-control, self-discipline
  • “Failing forward” and getting used to taking emotional risks
  • Hyper-globalization of small businesses
  • The revolution of podcasting
  • Distractions, laziness, and doing an inventory on your time

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Ep. 150: Harry Dent Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Harry Dent
Harry Dent

My guest today is Harry Dent, a best-selling author and one of the most outspoken financial editors in America.  Using proprietary research, Harry developed a unique method for studying economies around the world, and uses his analysis to provide insights on what to expect in the future.

The topic is his book Demographic Trends in Real Estate.

In this episode of Trend Following Radio we discuss:

  • How demographics and consumer spending help to determine what might happen tomorrow
  • “The demographic clip”
  • “Die-ers vs. buyers”
  • What happens when a smaller generation follows a larger one
  • Zero interest rate policy and asset prices
  • Inflation
  • How the government keeps the bubble inflated
  • Comparisons to Japan
  • The forced spending of principal
  • Whether we’ve lost the ability to have a conversation about the morals of our current policies
  • Real estate speculation
  • How we’ve lost direction on the idea of “resets”
  • The boom-bust cycle
  • The importance of failure
  • “Coma” economies
  • Early retirement, and why you can’t retire at 65
  • Public employee pensions
  • Why we ultimately need a crisis to secure our future

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Ep. 148: Jerry Parker Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jerry Parker
Jerry Parker

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel’s book “The Complete TurtleTrader.”

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Fitness
  • The Hindenburg “omen”
  • Objective entry/exit criteria
  • Why you’d stay in a long position that you wouldn’t want to enter into today
  • The “oversleeping” hypothetical
  • The idea that reducing volatility increases risk
  • Definitions of volatility and risk
  • Parker’s thoughts on trend followers not really having drawdowns in the typical sense
  • “Managed futures” and why investors may not want that vs. “trend following”
  • Definitions of “managed futures” and “trend following”
  • Why managed futures isn’t a good term for some

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Ep. 147: Rolf Dobelli Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Rolf Dobelli
Rolf Dobelli

My guest today is Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation.

The topic is his book The Art of Thinking Clearly.

In this episode of Trend Following Radio we discuss:

  • Availability bias
  • Statistics
  • The sunk cost fallacy
  • The difficulty of logical thinking
  • Authority bias and outcome bias
  • Process vs. outcome
  • The irrelevancy and “white noise” of news
  • Information overload
  • Neomania and the obsession with the “new”
  • Nassim Taleb, outliers, and the black swan
  • J.P. Morgan, banks, and looking behind the facade
  • Why watching and waiting is torture for people (the action bias)
  • The idea that “the boat matters more than your rowing”
  • The paradox of choice, closing doors, and settings fire to ships
  • The “it will get worse before it gets better” fallacy and stop loss
  • Applying these lessons to daily life

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Ep. 146: Mebane Faber Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Mebane Faber
Mebane Faber

My guest today is Mebane Faber, a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria’s ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The New York Times, and The New Yorker.

The topic is his book Shareholder Yield: A Better Approach to Dividend Investing.

In this episode of Trend Following Radio we discuss:

  • State of quant investing in Asia
  • How asset allocation is like “bullets”
  • The benefits of quantitative-style systems
  • Protecting yourself against your own behavioral biases
  • Connections between biology and trading
  • Behavioral finance
  • Keeping yourself from making irrational decisions
  • Boom-bust cycles and bubbles
  • Quant views on the efficient market theory and buy and hold
  • Japanese markets compared to US markets
  • “Cheap” and “expensive” countries and markets
  • Asset class agnosticism
  • Avoiding the big losses
  • Investing based on dividends
  • Momentum as a return factor
  • Exit strategies

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Ep. 145: Bubble Pop with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Bubble Pop with Michael Covel on Trend Following Radio
Bubble Pop with Michael Covel on Trend Following Radio

Please enjoy my monologue Bubble Pop 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. 144: Jon Boorman Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jon Boorman
Jon Boorman

My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • What it was like working within the big firms
  • Boorman’s beginnings and how he found his way to where he is today
  • What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today
  • How regardless of your access, success comes down to the individual
  • Price-based trend following vs. other technical analysis
  • Boorman’s early “a-ha” moments towards trend following
  • Trend following complexity, and why it can be “simple, but not easy”
  • Trading your own personality
  • Van Tharp, risk management and position sizing
  • Trend predicting vs. trend following
  • The fantasy of calling tops and bottoms
  • Why the major media outlets don’t give trend following proper coverage, and why trend followers don’t make good “copy”
  • Mistaken emphasis on entries rather than exits
  • The idea that Boorman “no longer having a need to be right” after he left Lehman Brothers
  • Alpha capture
  • Acceptance of trend following amongst the larger financial community
  • Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker

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