Michael Covel breaks open the newest edition of Trend Following and discusses details of the 5th edition. It becomes a challenge to continually “up the ante”. The book is double the size and broken down into three sections: Principles, interviews, and research. Michael discusses: Dunn vs. S&P, mechanical trading, fundamentals, Warren Buffett and his drawdowns, 200 day moving averages, Nate Silver and Harry Denton on prediction, large fund trading vs. small fund trading, John W. Henry, chasing tops and bottoms of the market, Paul Tudor Jones, price action, process and outcome, CNBC and Joe Kernen, and much more.
In this episode of Trend Following Radio:
- Is trend following dead?
- Warren Buffett
- Catching the bottom of the market
- Prediction as a business
- Price action
- Process vs. Outcome
“Not losing money is a great trading strategy.” – Michael Covel