Thought I would tell you how I first heard about you. Trend Following and a mention of your book came up in Steve Blumenthal’s weekly e-newsletter “On My Radar” 2-3 years ago. I read your book and tucked it away in my head. I heard you on a Meb Faber podcast last year, then started listening to your podcast. I really enjoy your questions and your willingness to dig deeper.
So here I am. See, the indirect marketing really does work [for Flagship]!
I didn’t realize I was trend following (since I haven’t finished your book I am not 100% sure yet, but it looks like it). I didn’t even realize trend following was a thing. It was quite a nice surprise, when by accident, I came across your book on the shelves. I have avoided all books and web pages (other than scanners) on investing and trading. My theory has been that the industry was a quagmire of bullshit (based on my background of Scientific communications and hence the need for proof and explanations). However, I had been stopping in at bookstores randomly, in the hopes that my theory was wrong. So far, with your book, there may be some hope.
I’m a big fan of your podcast, and want to start trend trading. I’m a UCF student and actually just met Toby Crabel as he did a private meetup with the young investors club at UCF. I’ve been trading since January, but just blindly trading. I’m going to quit my Internship at Lockheed starting January to take the risk of being an independent trader for my last semester before having to start to pay off my student loans. Hopefully you can show me the right steps to being a successful trend follower.
Listener: Recently, I read three books you have written about Trend Following. Primarily, I am a value investor, but your book opened my eyes. Thank God for that. I am not saying value investing does not work but trend following is perhaps more important.
Thank you very much for having written your splendid books and educating me on Trend Following.
Covel: Thanks [Name]!
Listener: You are welcome Mr. Covel. I have actually bought another one of your books, Trend Commandments. It is very good. I am always surprised at people’s dating and money making strategy and how convinced they are that they have it right even if they are not getting results. To quote John Maynard Keynes who said “When the facts change, I change my mind. What do you do Sir?”. Unfortunately, people rarely change their mind.
I am surprised you don’t have higher book sales than you have presently. Your books are probably some of the most important works on investing I have read in the last few years. People are lemmings and they’ll easily forgo pots of gold if it means that they’ve stand out of the crowd. I am following you on Twitter now.
Covel: Thanks for the nice words! But I have sold over 200,000 books. My Turtle book is #3000 out of 10 million books on amazon right now. So actually some of best investing sales around.
Really enjoyed the interview with Tyler Cowen. As I was listening I was thinking about Detroit and Dan Gilbert. I don’t live there, but I do work for Quicken Loans. That’s probably impacted my perception of the city, but there are big things happening. I don’t feel like Gilbert is playing it safe. Maybe other billionaires do similar type things, but I don’t remember seeing it, especially where I live near Cincinnati.
I have been listening to your podcast for a couple of weeks now and I have to say that its top notch. Great job and keep the awesome content coming.
I am currently getting my MBA with a focus on finance and data analytics. My finance professors teach the classic efficient markets hypothesis, which just doesn’t seem to be accurate in my opinion. Your work, along with the guests that you have had on your show confirm my thinking.
This weekend I will be driving cross country and your audiobook will be making the trip with me, and can’t wait to dive in and see what is in the 30+ hours of material.
Just wanted to reach out and give you some positive feedback, keep it up.
I just want to say thanks for all of the work you’ve put in over the years. You’ve helped me a great deal not just in learning about trend following, but also meeting people within the space.
I remember reading Trend Following back in 2007 after I graduated college; learning about John Henry, Seykota, Jerry Parker, etc. Little did I know that I’d become friendly with some of these guys. It’s all still so surreal and very cool.
About a month ago, after [meeting] a very well known trend following trader, he decides to invest $[xxx] in my fund. For a guy like me managing $[small] millions, that’s a big f’n deal!
I don’t think this could’ve been possible without the work you’ve done, so I just want to thank you for doing it.
Let me know when you come back to the states. Let’s run some sprints and have a catch.