Please enjoy my monologue Seykota, Harding & the 2014 Trend Following Conference with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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“You say that you put books out to ignite conversation. Well, I just finished reading Atlas Shrugged today, at your recommendation. What are your thoughts about this great novel, in relation to trend following and trading? I am curious to hear your thoughts. Thanks Michael.”
Ed Seykota first told me to read Atlas 10 years ago–as a condition to our initial conversation! I have since found that so many top traders look to Rand’s work. For example, David Harding also brought up Atlas Shrugged in conversation as a major influence.
My new book Trend Commandments tackles financial news head on. An excerpt where I analyze a CNBC interview with trend trader David Harding:
Joe Kernen is not devoid of academic intelligence. He holds a bachelor’s degree from the University of Colorado in molecular, cellular, and developmental biology and master’s degree from Massachusetts Institute of Technology. He worked at several investment banks including Merrill Lynch. I am no Harding fanboy or apologist, but I have spent time with him. That research time, coupled with his public career and track record, make him one of the most learned trend trading voices of the past twenty years. It is clear to me that Kernen had a preformulated agenda [in the interview]. His questioning was a transparent attempt to marginalize Harding and trend following. Why would Kernen do that? Imagine if the interview started like this:
“We at CNBC believe in efficient markets and the use of fundamental analysis. Our business model requires viewers to watch. Today, we have a guest on who has made billions with trend following trading, which does not require fundamental analysis or CNBC. Would you like to know how to make money without ever watching our channel again? Welcome David Harding!”