Hendry, Harding, The Pope and Acroyoga with Michael Covel on Trend Following Radio
Please enjoy my monologue Hendry, Harding, The Pope and Acroyoga with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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My guest today is Charles Faulkner, an author, trader, and international expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in “The New Market Wizards” by Jack Schwager.
The topic is trading psychology.
In this episode of Trend Following Radio we discuss:
Behavior, emotions, decision-making, and intuition in the world of money–and what money does to us on a biological level
Neurolinguistic Programming
How money in the mind influences money in the world
The schizophrenic-seeming handout to the two recent Nobel Prize winners
“System one” and “system two”
How “one” is running all the time, how “two” takes effort–and where Faulkner hopes to take this research
How experience can teach “system one”
New lightbulb moments in current research
How the “afraid to lose” (or in Singapore, Kiasu) concept could be terribly dangerous when applied to money
Why the less you know about something, the clearer the image–and the more certain you are that it’s real and true
The need for certainty
Money as a living metaphor; sunk costs
The Myers-Briggs instrument
Rituals and money
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My guest today is Mikael Stenbom, the CEO and founder of RPM, which is an advisory consulting firm in Sweden. They advise, consult, or manage over 3.5B AUM. Stenbom has had tremendous experience in understanding strategy and the money management side of the CTA/managed futures world.
The topic is CTA’s.
In this episode of Trend Following Radio we discuss:
Stenbom’s early influences
Stenbom’s economics background
Connections between economics, trading, and sociology
The Austrian school of economics
His style of responsive, systematic trading to new clients
Andrew Lo’s Adaptive Markets Hypothesis
The process of rebranding Stenbom’s firm in 2008
The “politically infected” investor
The cultural compatibility between Nordic countries and the Japanese
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Michael, Great podcast. Thanks very much for all your hard work. Once I found your podcast, I immediately went back over older episodes and ordered Trend Commandments. Finally there is an ongoing excellent resource for trend trading. I am a trader in Canada that is constantly honing my strategies and paying very little attention to mainstream babble. Enjoy your travels and thanks again. Jason Low
PS. I have ordered at least 5 books that you or your guests have recommended – all have been great recommendations.
My guest today is Yaron Brook, an Israeli-American entrepreneur, writer, and activist. He is an Objectivist and the current chairman of the board at the Ayn Rand Institute, where he is the executive director.
The topic is liberty.
In this episode of Trend Following Radio we discuss:
Trading
The nature of altruism
The idea and definitions of selfishness in the context of objectivism
The power of ideas
The idea of being a victim
Schools, teaching, and political teaching
Entitlement leading to victimhood
The rise of state power, the ambitious poor, and the minimum wage
Free work and internships
Alan Greenspan
America compared to Singapore
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One of the most useful criticisms that you can use to further your understanding centers on prediction. Trend followers… do not predict a market’s timing or distinction. Trend followers react to market movements. It is a critical distinction best seen in the words of trend follower Bill Dunn, “We don’t make market predictions. We just ride the bucking bronco.”
For more information on books and other resources to further your trend following education go here.
My guest today is Porter Erisman, a former Vice-President at Alibaba Group (2000-08), China’s internet giant. He witnessed it grow from humble beginnings into the world’s largest e-commerce company.
The topic is his documentary Crocodile in the Yangtze.
In this episode of Trend Following Radio we discuss:
What it was like working with Jack Ma
Short-term vs. long-term entrepreneurs
The lack of knowledge/insight America has for China
The perceived threat of China to America
Whether nationalism played into Ma’s success
The commonalities between the greatest internet entrepreneurial success stories
Government interference with Alibaba
How eBay was defeated by this small startup in China
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