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Ep 582: Peter Borish Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Peter Borish Net Worth is thought to be in the region of $14 million
Peter Borish

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My guest today is Peter Borish, the chief strategist of Quad Capital. He works as a trading coach and helps recruit new traders and develop the company’s trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work and are continuing to do bigger and better things. Peter believes that the quality of life for those around you is much more important than the material possessions that can be accumulated.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Politics
  • Robin Hood Foundation
  • Risk management
  • Discretionary trading
  • Having objectivity in your trading
  • Kelly criteria
  • Own up to your mistakes

“Everyone trades too large relative to their perceived edge.” – Peter Borish

Mentions & Resources:

Listen to this episode:

Other Recommended Listens and Reads:

Simon Black Interview

Against the Gods

Peter Borish, a View

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“Covel, you’ve done it again!”

Posted on by Michael Covel

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Covel, you’ve done it again!

The Sunstein interview should be wrapped up and sent to the podcast Hall of Fame. I have a copy of Nudge sitting on my shelf and will read it soon, before reading the latest book from Sunstein. Have you read any of Nomi Prins’ work? She writes about the relationship between central banks, bankers, wall street, and politicians. She would be a great interview. Just a suggestion.

Keep up your extraordinary work!! Love the mega episodes, too.

Best,
[Name]
Berkeley, CA

Why did you like Cass one so much?

I studied the sociology of ideology at UC Berkeley and I’m fascinated by the approach neuroscientists take regarding how we arrive at political opinions, issues of morality, partisan divide, etc. Sunstein’s approach enables me to use relevant, empirical terms so I can explain my position/opinion on matters without losing sight of someone else’s. It keeps conversations civil, and fosters stimulating debate and diversity of opinion in these divided times. Kahneman is also a good teacher in this regard, and so is Jonathan Haidt, who wrote “The Righteous Mind,” (one of the best social science books of the past decade).

I live in Berkeley, a hotbed of not only “radicalism”, but liberal elitism: folks who read the NYT & Krugman and keep their radio dial tuned to NPR for their daily dose of confirmation bias. Its disheartening when educated folks are so bloated with political correctness that they simply cannot understand different perspectives on how the world works. Sunstein, et al, assist me in coping with this in my daily life.

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.

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• Frequently Asked Questions
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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.

“Fire Dragon Ninja Trader…”

Posted on by Michael Covel

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Afternoon,

Apologies for the strange title just thought it would stand out in your inbox.

Half way through your audiobook of Trend Following. Actually bought your book a while ago and had every intention of reading them.

I am on board, I certainly had a mind shift from listening to your audiobook. If you don’t mind me drawing a parallel to religion I have looked at every type of investing as a religion, “that one is wrong, this is the true way” and the answer is similar to my religious outlook, I am atheist in that area and I am now an atheist in my investment outlook.

So to sum up, thanks. I consume your podcasts when they come out and am enjoying your books.

I am looking for successful trend traders in Australia also. And given I live in Melbourne looking at starting a group Meetup for like minded trend traders.

If your ever in Melbourne I owe you lunch.

Thanks
[Name]

Lunch sounds great!

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.

“I believed you would appreciate my ‘oh shit’ aka ‘aha moment’…”

Posted on by Michael Covel

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Michael,

I am a regular listener to your podcasts. I appreciate the wide variety of incredible guests and the disparate and yet relevant topics that they discuss. I’m impressed by your ability to ask “that” question that the guest responds “no one has ever asked me that before.” It’s recognizable that you must do a lot of research prior to each interview.

One such compelling and yet disturbing interview was with Ed Seykota, podcast #355. Among other things, you discussed some major topics from his book Govopoly. His statement that things, politics/the economy/government/society, are the way they are supposed to be and that there is nothing to be done about them ran counter to my world view. I was shaken by his statement that “I don’t think there is anything to fix.” I’m a person that believes when you realize things have strayed from the correct path you fight to bring them back in line. I guess the real question is what is the correct path.

I shared the podcast with a close friend who I enjoy debating topics like these with. His response was basically that he assumed the game was over long ago and he was resigned to his fate. Again this ran counter to my belief system.

Over two years after listening to you and Ed, I was listening to “The Death of Money,” a book by another of your podcast’s alumni, Jim Rickards. About halfway through the book Jim discusses the Federal Reserve. I know that there are varying opinions on the FED and I didn’t have very much knowledge on the subject so I decided to finally breakdown and listen to “The Creature from Jekyll Island.” Holy shit! I only made it through 3 chapters before I felt compelled to listen to the Ed Seykota interview again. I’m not naïve when it comes to my understanding of how things work in America but even if a small portion of what is said in “…Jekyll Island” is true I now understand where Ed is coming from. The mechanism is too big, too entrenched, and too interwoven into the fabric of our government and society to be fought to any meaningful affect.

I just thought I would share this bit of circular podcast listening with you. I believed you would appreciate my “oh shit” aka aha moment concerning our society. Any thoughts? Have you done an interview with G. Edward Griffin? It may be interesting to hear what he has to say on the Trump era.

Thanks again for your truly insightful podcasts.
[Name]

No thoughts. I just appreciate your feedback!

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.

“For some reason today was the day I discovered your podcast…”

Posted on by Michael Covel

Feedback in:

For some reason today was the day I discovered your podcast. I listened to your interview with Art Collins and of course I loved it. As a financial advisor, for the past decade, I have built client portfolios using the research from Dorsey Wright & Associates. So, I am already a devout trend follower but I think this is the ideal time to take my knowledge and commitment to another level. Please send the free video and anything else you think I should look at! Thanks so much!

Best,
[Name]

Will do.

Check out also this.

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.

“They are absolutely fantastic! There is so much good material…”

Posted on by Michael Covel

Feedback in:

Hi Michael,

I am from [Name]. I am a discretionary trader. I had some success and lot of failures over 10 years that I have been trading. I have tried all sorts of different methods. I have had success with option writing strategies and blown my account up a few times with with the same methods. A few months ago I was googling “Good Trading Podcasts” and I stumbled upon your website. I have listened to approximately 30 to 40 episodes from Trend Following Radio. They are absolutely fantastic! There is so much good material in them and you prepare very well for each episode.

I am just about to go for a 7 hour drive home now and I will be listening to 7-10 more episodes on my way. They make long drives go by so fast. I am interested in the methods you are promoting and am looking to find out more about them. Since you have done so much good work with the podcasts I am going to be purchasing the 4 books you have published (I believe you have 5 books but your newest Trend Following Book covers everything from the first edition. Correct?). You also have me interested in Jack Schwager’s material along with many other people’s material who you have interviewed. Anyway I will be purchasing your books this evening when I return home. Thanks again for the great podcasts and the amazing guests you have on them. You just made another sale because of it.

Thanks!

Starting steps: www.trendfollowing.com/start

PS. Yes, newest edition of TF (Wiley; 2017) is what you need.

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.

“Thanks for your most interesting Ep: 571: Jimmy Soni and Rob Goodman Interview!”

Posted on by Michael Covel

Feedback in:

Hello Michael,

Thanks for your most interesting ‘Ep: 571: Jimmy Soni and Rob Goodman Interview’ re Claude Shannon.

I’ll admit that his paper was mostly over my head when I read it as a grad student in the Interdisciplinary Telecommunications Program at the University of Colorado, but certainly the idea of applying wide interests to supposedly specialized fields is something I do understand, having gone from a BA in another interdisciplinary program, a great books program as an undergrad, to doing software development and architecture at Nortel in the 90s, by way of a long period of budget travel in Europe in-between.

Re your exchange w/ the authors re collaboration: the below podcast is a glimpse into Penn & Teller’s collaboration over 40yrs, not so smooth as the collaboration that Soni & Goodman describe among themselves. May your collaboration be as fruitful as P&T’s, and more in-sync at a personal level!

https://www.thisamericanlife.org/radio-archives/episode/619/the-magic-show?act=1

Best,
[Name]
Dallas

Thanks.