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Ep. 354: The Babe Ruth Effect: Frequency v. Magnitude with Michael Covel on Trend Following Radio

The Babe Ruth Effect: Frequency v. Magnitude with Michael Covel on Trend Following Radio
The Babe Ruth Effect: Frequency v. Magnitude with Michael Covel on Trend Following Radio

Please enjoy my monologue The Babe Ruth Effect: Frequency v. Magnitude 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.

Should you buy these unstoppable shares?

Buying shares just because they have risen sounds like a recipe for disaster, but it’s not.


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.

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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.

“Your podcast is one of the highlights of my week…”

Feedback in:

Dear Mr. Covel,

I’ve been listening to your podcast for about 4 months now and more than ever I really wanted to reach out to express my gratitude for putting together such a great show. I used to use technical analysis trade in college but since graduation I have been working in risk at a large asset manager in NYC so haven’t had much time. Around January of this year I decided I was going to get back into trading my own account and during my research I came across the turtle traders, which lead me to your book and subsequently your podcast.

Listening to your interviews with Michael Melissinos and Glenn Graham earlier this week really got me motivated to take my work to the next level. I am 25 so hearing from those guys about how they started out when they were about my age really got me excited. I don’t plan on dropping everything to open a fund, but it lends some credibility to this hobby that I keep pouring hours into. Top that off with your latest episode about how most of my generation base their decisions off a quick Google search and it makes me feel even more energized about the reading and research I enjoy to do (I apologize on my generation’s behalf, I have no idea how the hipster phenomenon took hold either).

Really I just wanted to say thank you for all the work you are doing. I have been listening for so long now I figured it was about time I let you know you have one more happy listener in the states. Your podcast is one of the highlights of my week and the guests you manage to bring on is simply amazing. Keep up the great work.

Best,
[Name]

Thanks!


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.

The Babe Ruth Effect in Venture Capital

From Chris Dixon:

The best VCs funds truly do exemplify the Babe Ruth effect: they swing hard, and either hit big or miss big. You can’t have grand slams without a lot of strikeouts.

True.


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.

“Love the pod and I love following the trend…”

Recent email conversation:

Listener: Great story about the smarmy motherfucker with a popular hipster podcast. That had to be [Name]. Love the pod and I love following the trend.

[Name] makes interesting observations and is definitely an intelligent guy. He is a charlatanical self-promoter, however, and after reading his books it is clear to me that he would sell anything to make a buck and I question his ethics and moral compass.

Keep up the great work!

Covel: Not [Name]! He was on my show.

Listener: I was wrong! Well, the culprit must not be on my radar. Love your books!


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.

“Episode 350: Great interviews”

Feedback in:

Michael: Episode 350: Great interviews. One thing mentioned in that was Dave Druz told Melissinos that the most important item was portfolio construction, i.e. selecting instruments that have tendency to trend, and trend often enough to produce meaningful juice. I agree with that. Any material you have from other people that to deeper into portfolio selection within trend following context, please send it my way. Also, I just heard that in 351 that you are heading to China. See if you could include voice clips from your talk over there and make it an episode.

Keep up the good work.

Thanks,
[Name]

Thanks. More insights on portfolios here, here and here.

Ep. 351: Logical Fallacies and Zero Sum with Michael Covel on Trend Following Radio

Michael Covel offers a reminder of how to think and act when responding to certain types of questioning and the translation to markets. Covel can think of no more perfect example than the “greed” exchange between Milton Friedman and Phil Donahue. Covel discusses Milton Friedman more and brings and expands the discussion into the general take-down of bullshit. Covel also discusses the importance of 'losers' (see: zero sum) in the market and why people acting irrationally offers perpetual opportunities for trend following traders. Next, a personal anecdote regarding a pre-interview for a podcast, Maria Bartiromo, and the fundamental question: “Why will trend following continue to excel?” Finally, Covel moves onto a healthy bit of advice in risk management for your trading.

Please enjoy my monologue Logical Fallacies and Zero Sum 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.