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Ep. 221: Howard Lindzon Interview with Michael Covel on Trend Following Radio

Howard Lindzon
Howard Lindzon

Michael Covel speaks with Howard Lindzon. Lindzon is a Canadian entrepreneur, author, financial analyst, technical analyst and angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight’s Bridge Capital Partners, and is the co-founder of StockTwits. He’s also known for the satirical podcast Wallstrip. Lindzon and Covel discuss the commonalities between the angel investing world and trend following; over-diversification; diversification in private investments vs. stocks; how Lindzon got the entrepreneurial “bug”; Lindzon’s early career as a stockbroker; the beginnings of Wallstrip; Lindzon’s comedy influence; how Wallstrip led to the next four years of Lindzon’s investments; how Lindzon’s mistakes helped him grow as an investor; Lindzon’s experience with fraud committed by a business partner; keeping your business drama-free; the issue of distraction; Lindzon on the birth of StockTwits; the investment that changed Lindzon’s financial life in 2005; the future of StockTwits as Lindzon sees it; social leverage; the art of curation and verticalization; and thinking of the financial web as a social bank account. Howard Lindzon can be found on www.howardlindzon.com. Learn more on the question of what is StockTwits?

Listen to this episode:

What is StockTwits: It it of Use or Just a Bunch of Twits?

Howard Lindzon has said some very nice things about my books. Now that the disclaimer is out of the way: what in the world is the purpose of StockTwits?

Stocktwits Best Traders

For example, from their ‘about us’ page:

“Log into the site with your Twitter details or download the StockTwits Desktop and you will be joining a community where market participants share their very best ideas in a continuous real time and open conversation.”

And:

“The beauty is the simplicity. Messages are short and allow a person to read several interesting bits of stock information from various sources at a glance. The lightweight approach highlights the power of delivering vertical value to a horizontal community, where both constituencies share a common passion: the desire to consume and share real-time information.”

And:

“In essence, StockTwits® helps people interested in markets socialize ideas. Whether you are a short term trader, swing trader or investor, whether you prefer stocks, Forex, options or futures, whether you want to eavesdrop or participate, you will find a wealth of information streaming at your fingertips.”

Sure, everyone has a view, but not everyone has a view that you should pay attention to. In fact, if trading as a trend follower ALL of these views are worthless.

Let me blunt: I know who the best traders on the planet are and NONE of them do any of this. Agree or flame me because I am 100% dead on telling the truth. This is financial news and information taken to its useless extreme by the Free Stocktwits.

Note: I am an equal opportunity ripper of news whatever. CNBC doesn’t escape my sword.

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