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Ep. 657: Philip Maymin Interview with Michael Covel on Trend Following Radio

Philip Maymin
Philip Maymin

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My guest today is Philip Maymin, an Associate Professor of Analytics and Finance at the University of Bridgeport Trefz School of Business. He is the managing editor of Algorithmic Finance and the co-editor-in-chief of the Journal of Sports Analytics. He has been an analytics consultant with several NBA teams and is the Chief Analytics Officer for Vantage Sports.

The topic is “moneyball” to basketball.

In this episode of Trend Following Radio we discuss:

  • Celtics basketball team
  • Technology to measure players
  • Statistical thinking
  • Basketball stats
  • Gut feelings
  • Prediction
  • Mock drafts

“The gut [feeling] is an excuse for rationalization.” – Philip Maymin

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“The [seduction] parallels are interesting…”

Feedback in:

Mike,

I was looking to parlay some motivational quotes from one of your podcasts about asymmetric returns and the valuation of oneself into increased motivation to make a change… A Google result led me to this link, which not on the subject of Trend Following™, has similar threads of taking small losses to achieve the desired ‘big gains’: here. Maybe you can incorporate this into a podcast. Maybe this isn’t something that is publicly consumable. The parallels are interesting to me, none the less.

Best,
[Name]

Thanks. Episode 656.


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Ep. 656: Seduction and Horse Racing with Michael Covel on Trend Following Radio

Seduction and Horse Racing with Michael Covel
Seduction and Horse Racing with Michael Covel

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Please enjoy my monologue Seduction and Horse Racing 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:

  • Asymmetric distribution
  • How to play the dating game
  • Race track betting
  • Blackjack
  • Outside the box trading

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

Ep. 655: Roy Baumeister Interview with Michael Covel on Trend Following Radio

Roy Baumeister
Roy Baumeister

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My guest today is Roy Baumeister, a social psychologist known for his work on the self, social rejection, belongingness, sexuality, sex differences, self-control, self-esteem, self-defeating behaviors, motivation, aggression, consciousness, and free will. Roy has also authored over 20 books throughout his career. He likes to start his research with the premise that he doesn’t know the right answer–trying to have an open mind and clean slate.

The topic is social psychology.

In this episode of Trend Following Radio we discuss:

  • Will power
  • Self control
  • Decision making
  • Glucose as fuel for the body
  • Self esteem
  • Nature vs. nurture sex debate

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Ep. 654: No Real Magic with Michael Covel on Trend Following Radio

No Real Magic with Michael Covel
No Real Magic with Michael Covel

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue No Real Magic 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:

  • Absolute Returns
  • Volatility versus Risk
  • Drawdowns
  • Correlation
  • Zero Sum
  • George Soros
  • Berkshire Hathaway
  • Risk, Reward, and Uncertainty
  • Five Questions
  • Your Trading System
  • Frequently Asked Questions

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Listen to this episode:

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

“Every episode you always say to reach out… Well I never have, until now.”

Feedback in:

Hello Michael,

I have been an relentless listener of your podcast since the Fall of last year. I’ve listened to all the new episodes since then, and I’m quickly making my way backwards to take in the years I’ve missed. I cannot tell you how much you have helped me with my mindset and goal setting. Every episode you always say to reach out and you’ll provide the necessary steps to get started in trend following. Well I never have, until now.

I was just listening to Episode 559 where you interview Daniel DiPiazza. I can relate to the conversations you had with Daniel because I am a 26 year old, with a useless degree, and working a 9-5. So actually, I can relate to most of it besides the levels of success you both have achieved (but I’ll get there). I was particularly drawn to when you gave your story about reading Unlimited Power by Tony Robbins. You talked about how Spielberg had repeatedly gone to the Universal Lot to watch how movies were made and to be close to the action. You went on to explain your path of reaching out to specific fund managers for advice, which have now become some of your best friends. Your small, but BIG story has inspired me to follow in your footsteps down this path of discovery.

Michael, I do have two things to ask. Would you graciously provide me with any material or insights that would get me going in the right direction and continue my learning. I’ve attached a document which outlines my notes from Chapter 5 of The Complete TurtleTrader. I wanted to show you this because this chapter is gold. This chapter has provided me an excellent foundation for risk management, position sizing, making decisions, etc. Secondly, you spoke about needing a creative approach in reaching out to fund managers. What was your unique approach and do you have a particular mistake that you learned from?

Thank you for your time.

Your follower,
[Name]

Start here. Then read every link in the nav bar and footer.


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.

“Looking forward to the next updates…”

Feedback in:

Hi Michael,

Thank you for the e-mail course, it helped me consolidate my thoughts on my study and focus on the principles of trend-following and am looking forward to the next updates. There’s is so much to download into my brain on the subject of trend following and I find it totally fascinating to learn about it’s history, technique’s and art.

Your podcast is awesome! My wife and I discuss the topics you put out there almost on a daily basis to broaden our horizon. Thank you for your time and dedication!

I also just spotted these two clips from a movie from 1991 called ‘Other People’s Money’ that you may like, if you haven’t seen this movie.

This first speech is by the president of New England Wire & Cable Company (Gregory Peck), I think this speech is a good representation of the language used by people with a ‘hold’ / buy-and-hold mindset:

Here is the counter argument speech of Lawrence “Larry the Liquidator” Garfield (Danny DeVito) who talk about ‘cutting losses, obsolescence and reminds the crowd why they are stockholders in the first place’:

All the best and greetings from London.

[Name]

Thanks. Great clips.


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.