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Ep. 700: Tom Basso Interview with Michael Covel on Trend Following Radio

Tom Basso
Tom Basso

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My guest today is Tom Basso. Now retired from managing client money, Tom was president and founder of Trendstat Capital Management. He became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. He has had 28 years of experience managing money and over 40 years of managing his own money. With all that knowledge, his new website addresses what he feels new and old traders alike struggle with. All content on his website will be free aside from his personal training videos and a narrated version of his book “Panic-Proof Investing.”

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Trend following philosophy
  • Separation of net worth from self worth
  • How to view winning trades vs. losing trades
  • Staying mentally young
  • Brooks Koepka vs. Tiger Woods
  • Dealing with stress in the markets
  • Social media stressors

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“Formulas can be generated on the basis of experience and they will do a better job than individual judgement…”

Daniel Kahneman
Daniel Kahneman

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From Daniel Kahneman’s 2011 Google Talk on the promotional tour for Thinking Fast And Slow at timestamp 17:24:

“Intuitive expertise is not going to develop in a chaotic universe… I personally do not believe that stock pickers can develop intuition… there isn’t enough regularity in what’s going to happen to prices for intuitions to develop. When there are marginal situations where there is some predictability but poor, formulas do better than individuals… that is the domain where formulas beat individuals regularly is the domain of fairly low predictability, because when there are weak cues, people are not very good at picking them up and are not good at using them consistently, but formulas can be generated on the basis of experience and they will do a better job than individual judgement.

Cheers Mike,
Neil B.

Nice!

#trendfollowing

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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. 699: Tiffani Bova Interview with Michael Covel on Trend Following Radio

Tiffani Bova
Tiffani Bova

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My guest today is Tiffani Bova, the author of “Growth IQ: Get Smarter About the Choices that Will Make or Break Your Business.” She has a unique background, with 20 years of experience spread between start-ups and fortune 500 companies. Tiffani has put together a first hand look at what it takes to start and run a successful business as an entrepreneur. Tiffani researched about 30 companies from all backgrounds including Kylie Cosmetics, Honest Co., and Under Armor–using them as examples to show how to build and sustain successful businesses. She also shows companies hitting forks in the road and how they overcame. Every case study may not be useful to everyone but there are lessons to be learned from all.

The topic is her book Growth IQ: Get Smarter About the Choices that Will Make or Break Your Business

In this episode of Trend Following Radio we discuss:

  • Flexing your confidence muscle
  • The power of now
  • Selling to your demographic
  • Buddhism
  • Growing a business

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Ep. 698: The Whipsaw Guy with Michael Covel on Trend Following Radio

The Whipsaw Guy with Michael Covel on Trend Following Radio
The Whipsaw Guy with Michael Covel on Trend Following Radio

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

In this episode of Trend Following Radio:

  • The Trading Tribe
  • Trend following philosophy
  • Puzzles
  • Govopoly
  • Motivation

“Everyone gets what they want from the markets.” – Ed Seykota

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

Ep. 697: Jerry Parker Interview with Michael Covel on Trend Following Radio

Jerry Parker
Jerry Parker

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My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. Jerry brings to the table a straightforward way of breaking down how trend following works.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Baseball analytics
  • Lumpy returns
  • Crisis alpha
  • Having a process and sticking to it
  • Value Investing
  • Bobby Axelrod

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Ep. 696: The Data Always Beats the Doctor with Michael Covel on Trend Following Radio

The Data Always Beats the Doctor with Michael Covel on Trend Following Radio
The Data Always Beats the Doctor with Michael Covel on Trend Following Radio

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue The Data Always Beats the Doctor with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Big pharma
  • Statins
  • Trusting the system
  • Personal responsibility

Mentions & Resources:

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

“That’s some big leaps in association and generalized to the point of blindness…”

Feedback in:

Hi Michael,

Love your podcasts, wide range of topics and guests. Very interesting and engaging.

Your last one about Woodward spins Belushi is a great example of you exposing your own bias and linking a single incident to a different set of independent incidents and then to a whole group of individual “Journalists” and saying you can’t believe ANY journalist. If Woodward can be wrong then all of them must be wrong. That’s some big leaps in association and generalized to the point of blindness. This a great example of a human habit that gets all of us in trouble and part of why we all struggle with crazy stuff. Hopefully we keep people around us to keep us from falling off the deep end and ending up like Alex Jones 😉

You’re a smart, successful guy but very human and very passionate about your ideas and world view. That podcast was a great reminder to me that we all have blind spots and overstate things we “believe” to be facts.

[Name]

Why does it disturb you so much that journalists should either not be believed and or questioned at every step? I can turn on “news” at any time of the day and every bit of it is opinion designed to shove an agenda — the same kind of stuff Woodward did to Belushi. Why does it bother you that I say that? Why is media above criticism?

You make the point of episode.


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.