Subscribe now and watch my free trend following VIDEO.

Tag: interview

Ep. 148: Jerry Parker Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jerry Parker
Jerry Parker

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel’s book “The Complete TurtleTrader.”

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Fitness
  • The Hindenburg “omen”
  • Objective entry/exit criteria
  • Why you’d stay in a long position that you wouldn’t want to enter into today
  • The “oversleeping” hypothetical
  • The idea that reducing volatility increases risk
  • Definitions of volatility and risk
  • Parker’s thoughts on trend followers not really having drawdowns in the typical sense
  • “Managed futures” and why investors may not want that vs. “trend following”
  • Definitions of “managed futures” and “trend following”
  • Why managed futures isn’t a good term for some

Listen to this episode:

Jump in!

Ep. 147: Rolf Dobelli Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Rolf Dobelli
Rolf Dobelli

My guest today is Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation.

The topic is his book The Art of Thinking Clearly.

In this episode of Trend Following Radio we discuss:

  • Availability bias
  • Statistics
  • The sunk cost fallacy
  • The difficulty of logical thinking
  • Authority bias and outcome bias
  • Process vs. outcome
  • The irrelevancy and “white noise” of news
  • Information overload
  • Neomania and the obsession with the “new”
  • Nassim Taleb, outliers, and the black swan
  • J.P. Morgan, banks, and looking behind the facade
  • Why watching and waiting is torture for people (the action bias)
  • The idea that “the boat matters more than your rowing”
  • The paradox of choice, closing doors, and settings fire to ships
  • The “it will get worse before it gets better” fallacy and stop loss
  • Applying these lessons to daily life

Listen to this episode:

Jump in!

Ep. 146: Mebane Faber Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Mebane Faber
Mebane Faber

My guest today is Mebane Faber, a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria’s ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The New York Times, and The New Yorker.

The topic is his book Shareholder Yield: A Better Approach to Dividend Investing.

In this episode of Trend Following Radio we discuss:

  • State of quant investing in Asia
  • How asset allocation is like “bullets”
  • The benefits of quantitative-style systems
  • Protecting yourself against your own behavioral biases
  • Connections between biology and trading
  • Behavioral finance
  • Keeping yourself from making irrational decisions
  • Boom-bust cycles and bubbles
  • Quant views on the efficient market theory and buy and hold
  • Japanese markets compared to US markets
  • “Cheap” and “expensive” countries and markets
  • Asset class agnosticism
  • Avoiding the big losses
  • Investing based on dividends
  • Momentum as a return factor
  • Exit strategies

Listen to this episode:

Jump in!

Ep. 144: Jon Boorman Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Jon Boorman
Jon Boorman

My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • What it was like working within the big firms
  • Boorman’s beginnings and how he found his way to where he is today
  • What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today
  • How regardless of your access, success comes down to the individual
  • Price-based trend following vs. other technical analysis
  • Boorman’s early “a-ha” moments towards trend following
  • Trend following complexity, and why it can be “simple, but not easy”
  • Trading your own personality
  • Van Tharp, risk management and position sizing
  • Trend predicting vs. trend following
  • The fantasy of calling tops and bottoms
  • Why the major media outlets don’t give trend following proper coverage, and why trend followers don’t make good “copy”
  • Mistaken emphasis on entries rather than exits
  • The idea that Boorman “no longer having a need to be right” after he left Lehman Brothers
  • Alpha capture
  • Acceptance of trend following amongst the larger financial community
  • Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker

Listen to this episode:

Jump in!

Ep. 142: Alpesh Patel Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Alpesh Patel
Alpesh Patel

My guest today is Alpesh Patel, a hedge fund manager, Financial Times columnist and Bloomberg TV presenter.

The topic is his book How to Win at Spread Betting: An Analysis of Why Some People Win at Spread Betting and Some Lose.

In this episode of Trend Following Radio we discuss:

  • Comparisons betweens stocks and futures
  • What the winners have in common
  • Trade frequency, and why active traders tended to do better in Patel’s study
  • Buy & holders vs. spread betters
  • Academic vs. practical insights
  • Whether Patel finds himself at odds with other Financial Times writers
  • Why people like to imagine that trend following and momentum trading doesn’t exist
  • Patel’s experience as an expert witness with “trend following on trial”
  • Why the average person has difficulty with betting small, cutting losses, and letting winners ride
  • George Soros, game theory and trading psychology
  • Win/loss ratios
  • A coin flipping experiment performed with Ph.D’s, the importance of position sizing, and why systems aren’t everything
  • Why gut instinct is the opposite of what professional traders use

Listen to this episode:

Jump in!

Ep. 140: Tom Asacker Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Tom Asacker
Tom Asacker

My guest today is Tom Asacker, an artist, writer, inventor, and philosopher. He writes, teaches, and speaks about radically new practices and ideas for success in times of uncertainty and change.

The topic is his book The Business of Belief: How the World’s Best Marketers, Designers, Salespeople, Coaches, Fundraisers, Educators, Entrepreneurs, and Other Leaders Get Us To Believe.

In this episode of Trend Following Radio we discuss:

  • Choice and distraction/distrust
  • Belief and its connection to how people make decisions and habit
  • Faith healers and how information can change our beliefs and perceptions
  • How the supermarket works as a metaphor for belief and choice
  • Vernon Smith and Daniel Kahneman
  • The instinctive “feeling” mind vs. the slow, deliberate thinking mind
  • Leading people to choose themselves vs. just getting a job
  • Thinking like a child
  • Comfort vs. desire
  • Why those that have nothing to lose can put themselves in the best position for success
  • Pulling the curtain back on your own mind to determine what your own mind is doing to prevent you from living a full life
  • The power shift to the individual via the internet
  • Why we see what our minds are conditioned to see
  • Practice, hard work, and passion
  • The metaphor of baseball, perception, belief, and behavior
  • Thinking your way to a change vs. acting your way to a change
  • Alan Watts, and the question of “What if money was no object?”

Listen to this episode:

Jump in!

—–

Check out this guest post by Robert Kramer on How our beliefs can affect our reactions to truth, facts, and lies.

Ep. 139: Steve Burns Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Steve Burns
Steve Burns

My guest today is Steve Burns. Burns has been investing and trading in the stock market successfully for many years. He is the author of seventeen books about the stock market. He is one of the top reviewers for books about trading and investing, having read and reviewed several hundred books.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • Risk management
  • Position sizing
  • The magic of compounding
  • Why individual trades have very little meaning
  • Turning down the volume on your emotions in your trades
  • How your losses can be an education
  • Concept and theory with regard to trend following
  • Quantifying and capturing trends
  • “Just trading the numbers”
  • Greed and fear in the context of trends
  • The common attitudes and misconceptions of novice to trend following traders
  • Trading against the market vs. trading against yourself
  • Drawdowns, and the importance of studying the track records of the great traders
  • Entry and exit strategies
  • The importance of starting “right” in every enterprise
  • The curse of laziness
  • Ignoring the talking heads
  • Why you don’t need 20 screens on your desk to trade optimally
  • Cutting your losses
  • The 1% rule
  • Being blinded by the fundamentals
  • Why if you diversify, control your risk, and go with the trend, it just has to work
  • I.Q. vs. emotional intelligence (E.Q.)
  • Technology and long term trend following

Listen to this episode:

Jump in!