My guest today is Annie Duke. She is a poker player, author, decision making expert, and cognitive scientist. Her understanding of how luck, skill and uncertainty all play a role in life is fascinating.
The topics are cognitive science and poker.
In this episode of Trend Following Radio we discuss:
Quality of outcome vs Quality of your decision
Game theory and math
Applying poker decision making to life decision making
My guest today is Martin “Marty” Bergin, the President and owner of DUNN Capital Management. Bergin began working with DUNN in 1997. He took over the day-to-day operations of the firm in 2007 and became owner in 2015 (Bill Dunn remains Chairman). DUNN has an outstanding track record that spans over 40 years. Bergin first met Dunn while he was tasked with doing an audit of the company over the course of 7 years. Once the audit was over, Dunn offered him a job.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
Management fees
How the financial industry works
Systematic trend following strategies
Trading off of price data
The advantages of diversity in your portfolio
“What has more information in it than price? It is the accumulation of all information in the marketplace, and that is all we trade.” – Marty Bergin
My guest today is Tom Asacker, often described as a creative force, albeit a wayward one. He is 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 I Am Keats: Escape Your Mind and Free Your Self.
In this episode of Trend Following Radio we discuss:
Taking a leap of faith
Traveling for the sake of traveling
Serendipity
Hypocrisy on the Internet
What are your “beliefs”
Cognitive dissonance
Being driven by inspiration vs. data
Bring the engineers in after you have the design
“People in general already believe that they are better and smarter than average. It is a cognitive bias called illusionary superiority and the internet is making this bias even more extreme. It is supercharging peoples pre-conceptions and solidifying their false assumptions.” – Tom Asacker
“I want life to be like an Easter egg hunt.” – Michael Covel
“You can’t create from data, you create from the soul.” – Tom Asacker
My guest today is Wesley Gray. He served as a Captain in the United States Marine Corps and taught as a finance professor at Drexel University. He earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania. Wesley is founder of Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. He has published four books including: “Quantitative Value,” “DIY Financial Advisor,” “Embedded” and his newest book “Quantitative Momentum.” He is a contributor to the Wall Street Journal, Forbes, and the CFA Institute.
The topics are his books Quantitative Momentum: A Practitioner’s Guide to Building a Momentum-Based Stock Selection System and Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors.
In this episode of Trend Following Radio with Wes Gray:
My guest today is Tim Price. He has worked in capital markets for over 25 years across three management firms. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms. Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards programme and was a winner in 2005 in the category of Defensive Investing. He is now manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. Tim also writes regularly for MoneyWeek magazine and The Spectator.
The topic is his book Investing Through the Looking Glass: A Rational Guide to Irrational Financial Markets.
In this episode of Trend Following Radio we discuss:
Trusting central planners
Going against the establishment
Banking system
Owning gold
Lehman Brothers collapse
2008 bubble
The Brexit and Trump narrative
“Mankind has survived because of our ability to believe in things that do not actually exist.” – Tim Price
My guest today is Milton Friedman, one of Michael’s favorite dead guests to bring on the podcast. Milton foreshadows Uber, talks about the deep state (without mentioning the deep state), brings up airline service and monopoly. His solutions to problems in government 35 years ago were to cut government spending, hold monetary growth back and cut regulations. The same solutions to government are at the forefront of American politics today. Today, Michael curates two interviews between Phil Donahue and Milton Friedman. These interviews were recorded back in the 1980’s, but many of the points made are more relevant today than ever.
The topic is airline service and monopoly.
In this episode of Trend Following Radio:
Government spending
Liberty in trading
Government regulation
Unknowingly supporting private interests
How to prevent monopoly
Legalizing drugs
Prohibition
“I don’t believe government is the mother of children, I don’t believe it is the father of children, I believe government is a way in which you and I and our fellow citizens achieve certain things jointly that we can’t achieve separately.” – Milton Friedman
“The private market system is a system of profit and loss. And the loss part is just as essential as the profit part.” – Milton Friedman
My guest today is Van Tharp. He runs the Van Tharp Institute and is the author of four acclaimed books published by McGraw Hill: Super Trader, Trade Your Way to Financial Freedom, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading. His new book is called Trading Beyond the Matrix. He was also featured in Jack Schwager’s Market Wizard’s: Interviews with Great Traders. Van Tharp received his Ph.D. in psychology, is a certified Master Practitioner of Neuro Linguistic Programming (NLP), a Certified Master Time Line Therapist, a certified Modeler of NLP, and an Assistant Trainer of NLP.
The topic is his book Trading Beyond the Matrix: The Red Pill for Traders and Investors.
In this episode of Trend Following Radio we discuss:
