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Ep. 85: Barry Ritholtz Interview with Michael Covel on Trend Following Radio

Barry Ritholtz
Barry Ritholtz

My guest today is Barry Ritholtz, an author, newspaper columnist, blogger, equities analyst, television commentator, and CEO of Fusion IQ. Ritholtz is deep down a quant guy, but brings strong views and opinions. However, he won’t sit around and “fight the tape”.

The topic is his book Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.

In this episode of Trend Following Radio we discuss:

  • The price of paying attention and why you should be selective in what you watch, read, and listen to
  • The onslaught of political information
  • The insatiable need to consume information and knowing when it’s the right time to quarantine yourself from being influenced by someone in particular
  • Ritholtz’s views on gold, why attaching your emotional well-being to it is wrong, and how it won’t be quite as valuable as most people think in the event of a crisis; cutting your losses short and letting your winners run
  • The real value of intuition
  • How Ritholtz views the world and where we’re at right now, societal and economic cycles, and how you can’t be a doom and gloomer seeing what’s coming down the pipeline in the next generation
  • The importance of not being cash rich and time poor, getting “lost in the screens”, and leading a good life instead of always chasing money for its own sake.

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Ep. 84: The Search for the New New Thing with Michael Covel on Trend Following Radio

The Search for the New New Thing with Michael Covel on Trend Following Radio
The Search for the New New Thing with Michael Covel on Trend Following Radio

Please enjoy my monologue The Incessant Search For The New New Thing with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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Want to learn more Trend Following? Watch my video here.

Ep. 83: Tom Basso Interview with Michael Covel on Trend Following Radio

Tom Basso
Tom Basso

My guest today is Tom Basso, the trend following trader famously featured in Jack Schwager’s “New Market Wizards”. Basso is a hedge fund manager. He was president and founder of Trendstat Capital Management. Trendstat was closed in 2003 when assets under management fell to $65M. He is the author of two books, Panic-Proof Investing and the self-published The Frustrated Investor. In 1998, he was elected to the board of the National Futures Association. He currently runs enjoytheride.world, a website dedicated to trader education. He is also the chairman of the board of Standpoint Funds.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Video of philosopher Alan Watts
  • How Basso manages his emotions during both losing and winning periods
  • What drove Basso to “enjoy the ride” and whether there were periods in his life when it was difficult to do so
  • Exit strategies on winning positions
  • Basso’s use of hedges
  • The process behind taking a developed system from testing to live trading
  • What Basso learned from his earliest large drawdown
  • Basso’s use of money management and risk control
  • Basso’s advice to the first time programmer
  • How to handle skeptics of trend following
  • Whether Basso considered the notion of serenity from the very beginning of his career
  • The career of John W. Henry
  • Basso’s coin flip entry method, and the importance of exit strategies
  • Percent betting
  • Diversification
  • What would cause Basso to stop trading a particular system
  • Comfort with uncertainty
  • Basso’s views on initial capital at risk vs. unrealized gains
  • Fighting against your gut reaction when your system tells you otherwise

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Trend Following Is Life and Life Is Trend Following

From a listener in Europe:

Will continue to follow your site…I enjoyed the last audio regarding “do what you wish to do”, “microphone guy”, etc. and sent it to my daughters.

Kind Regards,
Ray G.

Thanks Ray. Hope your daughters enjoy it too!


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Ep. 82: What If Money Was No Object with Michael Covel on Trend Following Radio

What If Money Was No Object with Michael Covel on Trend Following Radio
What If Money Was No Object with Michael Covel on Trend Following Radio

Please enjoy my monologue What If Money Was No Object with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

Listen to this episode:

Want to learn more Trend Following? Watch my video here.

Struggling with the Corporate “Thing” and Podcast Tonic

Feedback in:

Michael, just a quick note to say thanks for making the effort on producing the Podcast.

I travel around a lot in my car working for ‘the man’. But as you know, ‘the man’ sucks and I find myself spending more and more time looking at Trend Following opportunities and listening to you, as ultimately this is what I will be doing. And I totally respect your forthright, no complicit views. I have always struggled with the ‘corporate’ thing and have never been happy really working for the man. Yes, I like a lot of the people I work with, but the bosses expect more and more and more and especially in this economy they know they have you over a barrel. Hey, it just pays the bills man. Don’t love my job, but love trend following.

I find your monologues not only interesting, but highly entertaining. You also have a great knowledge and taste of music which adds to the mix. After a lot of expensive mistakes trading over the years that I have finally within the last couple of months as Jake would say, ‘Seen the light’. By the way The Blues Brothers is one of my all time favorite films and you playing that clip when they are sitting at the little desks in front of ‘The Penguin’ made me burst out laughing on my own in the car! “I guess you’re really up shit creek then.”

Listening to your successful trend trader guests is great because although they are clearly very [successful] men they still talk about the basic principles with enthusiasm and authority. The biggest lesson I have learned (beyond obviously not making those expensive mistake again) is RISK MANAGEMENT and not to get personal on trades. If you ignore these two then its curtains my friend!

I hope you come over to the UK as I’d like to shake you by the hand.

Keep it going.

Kind regards,

Simon G. Monmouth, UK

Thanks Simon for the thoughtful feedback!


How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Ep. 80: Robert Greene Interview with Michael Covel on Trend Following Radio

Robert Greene
Robert Greene

My guest today is Robert Greene, the bestselling author of the classic book, “The 48 Laws of Power”, in addition to other bestsellers such as “The Art of Seduction”, “The 33 Strategies of War”, and “The 50th Law” with musician and entrepreneur, 50 Cent.

The topic is his book Mastery.

In this episode of Trend Following Radio we discuss:

  • The influence “The 48 Laws of Power” had on Covel’s own writing
  • Using the 48 Laws as a defense strategy rather than as a cutthroat offense
  • Some of Greene’s early influences that led him into his writing career
  • Using Zen Buddhism and meditation as a tool to gain perspective and focus
  • The importance of using your unique life experiences in your career to create an irreplaceable style
  • Embracing opportunity

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