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Category: Trend Following

Ep. 301: Jim Rogers Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jim Rogers
Jim Rogers

My guest today is Jim Rogers, an American businessman, investor and author currently based in Singapore. He is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI). Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of Austrian School of economics.

The topic is investment.

In this episode of Trend Following Radio we discuss:

  • Why it shows that the kind of people that travel are the kind of people you want in your country
  • Infrastructure in China
  • Stereotypes of various countries in Asia
  • China’s military
  • Current Fed policy in America
  • What “can-do” spirit can do in a state of decline
  • Why the next crisis might be worse than the last
  • The importance of language skills
  • Participating in big long-term bets with regard to countries
  • Why, if he could, Rogers would put all of his money into North Korea

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Neuberger Berman Has No Clue About Trend Following

Posted on by Michael Covel

Excerpted from here (PDF):

Historically, performance and lack of correlation to credit and equity markets have made CTAs popular. There are several types of CTA strategies, including trend-following, mean reversion and pattern recognition. The vast majority of managed futures assets under management (greater than 85%, by our estimates) are trend followers; we are currently bearish on this class of CTAs.

So many voices… are clueless.

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 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.

Ep. 300: Travis Jamison Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Travis Jamison
Travis Jamison

Please enjoy my monologue Michael Covel Monologue and Travis Jamison Interview 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.

Podcast Feedback

Posted on by Michael Covel

Feedback from one of my podcast guests:

Michael, thanks again for inviting me to do the podcast with you. I’ve had some wonderful discussions with listeners from far and wide (Australia, Japan, Argentina, etc..); it’s amazing how many people you’ve reached to help learn about trend following. Keep up the good work, and happy holidays!

Best,
[name]

And:

Michael, plenty of good feedback and discussions. It’s refreshing to talk with people who already have a great understanding of trend following because they’ve read your books, listened to your podcast, etc. Might be worth looking into contacting [name] for a future podcast. He wrote a great book “[name]” that I just finished. A very popular book this year. I don’t know him at all, but he really explains momentum/trend following well, the history of it (mentions Seykota, Druz, Tudor Jones, etc…) and applies it to an equity/bond strategy that does very well. It’s much more focused on equity index momentum and not trend following managed futures, but the concepts are the same. Seems like a really smart dude and may make an interesting podcast.

Take care,
[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.

Ep. 299: Scot Billington & Jon Boorman Interviews with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Scot Billington & Jon Boorman
Scot Billington & Jon Boorman

My guests today are Scot Billington and Jon Boorman.

Billington is one of the managers of Covenant Capital along with Brince Wilford. Billington is the Chief Manager, Head Trader, and is responsible for all system development at Covenant.

Boorman is the President and CEO of Broadsword Capital, LLC, a Registered Investment Adviser in Charlotte, NC. Boorman has spent over two decades in global markets, witnessing first-hand some of the most tumultuous periods in financial history. Boorman started the Alpha Capture blog in January 2013 to keep a record of trading signals and market commentary, and demonstrate to a wider audience what could be achieved through trend following. The primary aim has always been to inform and educate.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Covel and Billington discuss his firm’s exceptional performance in September of 2014; why low volume and low volatility tend to be accompanied by low returns; whether all of Billington’s trend following trading is predicated on a weekly system; Billington’s background and what got him into the systematic trend following space; why simplicity is the ultimate sophistication; marketing vs. trading reality; why certain investors try and disguise their trend following strategies as something else; why trend following is one of the most repeatable, teachable strateges; why the world still believes in the efficient market hypothesis; why trends continue to emerge as a function of the marketplace; the idea of a barbell strategy; and why upside volatility is not such a bad thing.
  • Covel and Boorman discuss the fear of public speaking; the idea of ego in the context of both trend following and buy & hold systems; why you’d seek to minimize rather than eliminate both ego and emotion in the context of trading; how Boorman and Jerry Parker connected and Parker’s early influence on Boorman; both Parker and Boorman’s views on exit strategies; how Twitter changes the level of access we have to each other; whether Boorman’s RIA might move into a fund structure; and process vs. outcome.

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Ep. 298: Emanuel Derman Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Emanuel Derman
Emanuel Derman

My guest today is Emanuel Derman, a South African-born businessman and writer, best known as a quantitative analyst. Derman, who first came to the U.S. at age 21, in 1966, is currently a professor at Columbia University and Director of its program in financial engineering. Until recently he was also the Head of Risk and a partner at KKR Prisma Capital Partners, a fund of funds.

The topics are his books My Life As A Quant: Reflections on Physics and Finance and Models Behaving Badly.

In this episode of Trend Following Radio we discuss:

  • Why economics can be an ‘incestuous’ field
  • Economics as a moral science
  • Why all four of the US investment banks were not allowed to go by the wayside
  • Derman’s background and his PhD in theoretical physics
  • Derman’s early eye-opening experiences at Goldman Sachs
  • Model building, and how Derman was indoctrinated into the world of model building
  • The financial model and science and the physics model and science
  • Short volatility models vs. long volatility models
  • How one estimates risk
  • Models vs. theories
  • Whether Derman finds a certain amount of pushback from others in the academic community

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Who Can you Trust?

Posted on by Michael Covel

What advice do you take and what advice do you throw to the curb:

Hi Michael, I listen to your podcasts daily, great stuff! I was reading this article by Tony Robbins about taking control over your money, and where to start. He lists “tips from 12 of the most colorful and brilliant minds in finance”. Paul Tudor Jones II, Ray Dalio and Warren Buffet are among some of the people listed and quoted in the article. There is definitely some good advice in there, but also some worthless advice and nonsense statements in my mind. This is where ones ability to filter out the gold is important. Thought you might find it interesting, that’s all.

Have a good weekend
[Name]

Thanks. Diverse group of successful men, but so diverse they will have contradictory advice on some issues.

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.