Please enjoy my monologue Another Mega Trend Following Episode with Michael Covel on Trend Following Episode. This episode may also include great outside guests from my archive.
Love your podcasts! I listen to them every day on my way to my day job. They have provided me with an endless source of reading material and research projects. Currently reading everything I can find on Dr. Van Tharp. His work has already given me a few ah-ha moments. Wonderful stuff. Keep up the good work.
My guest today is Evan Carmichael. He #Believes in entrepreneurs. At 19, he built then sold a biotech software company. At 22, he was a venture capitalist raising $500k to $15M. He now runs a YouTube channel for entrepreneurs with over 2 million subscribers, wrote 4 books, and speaks globally. He wants to solve the world’s biggest problem.
The topic is his book Your One Word: The Powerful Secret to Creating a Business and Life That Matter.
In this episode of Trend Following Radio we discuss:
Importance of mentors
How the successful people think
What is your “one word”
If you stand for something, you stand against something else
Your biggest enemy is yourself
Self-awareness
Venture capitalism
Entrepreneurship
“Believe that what you are doing is right. Follow your passion. Do it because you are meant to do it. Do it to do it, not just to make money. Believe that you can achieve it. Have the confidence to know that if you think you can achieve it, you can. Believe that it will happen. Have the conviction to follow through. Trust that if you see only darkness around you, there is light at the end of the tunnel.” – Evan Carmichael
Please enjoy my monologue Thinking Tools 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:
Flynn effect
Surely alarm
Termite colony compared to Gaudi construction
Genetic evolution
Shaping neurons in the brain
Intrinsic value
“You can’t do much carpentry with your bare hands, and you can’t do much thinking with your bare brain.” – Student of Daniel Dennett
My guest today is Wesley Gray. He served as a Captain in the United States Marine Corps and taught as a finance professor at Drexel University. He earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania. Wesley is founder of Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. He has published four books including: “Quantitative Value,” “DIY Financial Advisor,” “Embedded” and his newest book “Quantitative Momentum.” He is a contributor to the Wall Street Journal, Forbes, and the CFA Institute.
The topics are his books Quantitative Momentum: A Practitioner’s Guide to Building a Momentum-Based Stock Selection System and Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors.
In this episode of Trend Following Radio with Wes Gray:
The Houston Rockets are attempting a historical amount of 3-point attempts this season. On December 17th the Rockets broke an NBA record attempting 61 3-pointers. They broke their own record of 50 3-point attempts set on Nov 25. In four of their last five games the Rockets have attempted 40+ 3-pointers.
I attached a shot chart from the 61 3-point attempt game. The chart clearly distinguishes the Rockets from their opponent. It is apparent the Rockets strategy is to attempt a high percentage short range shot or a lower percentage but higher value 3-pointer. The mid-range shot clearly has a lower expected outcome when factoring the lower percentage and 2 point value. It appears the Rockets are operating near an “efficient frontier.”
Scroll down on this article to see the Rio Grande (D-League team) shot chart and compare how similar it is to the Rockets.
I thought you’d find this as interesting as myself. Observing my beloved Chicago Bulls go the opposite direction is almost as maddening as their lack of intellectual curiosity.
