An Agenda or Acting Job with Michael Covel on Trend Following Radio
Please enjoy my monologue An Agenda Or An Acting Job 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 Mark Miller, an American computer scientist. He is known for his work as one of the participants in the 1979 hypertext project known as Project Xanadu; for inventing Miller columns; and the open-source coordinator of the E programming language. He also designed the Caja compiler. Miller is a Senior Research Fellow at the Foresight Institute.
The topic is computer science.
In this episode of Trend Following Radio we discuss:
Property rights
Hernando de Soto
Bitcoin and digital trust
“Smart contracts”
Why a contract is like a board game
Game theory
3rd World infrastructure
How program code can become a contract
A closer look at “possession is nine-tenths of the law”
Whether the Turing Test was just passed
Defining the term “singularity”, and the multiple singularities of the past
A.I. and nanotechnology
How Miller’s work relates to markets
The history of hypertext
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My guest today is Van Tharp, Tharp 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. 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. He has used his expertise in NLP to create the successful models of trading and investing upon which so much of his work is based.
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:
Beliefs in the context of trading and investing
The moment of now, and the Navajo’s belief of a never-ending present
The belief examination paradigm
“Big money” and what it means to Van Tharp
The idea of “trader jail”
Fear of the unknown
The importance of sleep
The difference between spirituality and religion
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My guest today is David Ryan. Ryan was famously first featured in Jack Schwager’s “Market Wizards” book. Ryan has been the U.S. Investing Champion for 3 times and also worked for William O’Neil.
The topic is market wizards strategies.
In this episode of Trend Following Radio we discuss:
How Ryan got his start walking up to the front door of O’Neil’s offices
How Ryan would describe his approach to trading today
CAN SLIM trading, and buying the breakout vs. buying the dip
Enjoying trading without clients
Some good CAN SLIM winners in the past two to three years from Ryan’s perspective
Big picture-wise, the max loss that Ryan is willing to take on a position
The type of winning percentages that Ryan really sees
The uneasiness about the overall market system since the 2008 financial crisis and how Ryan looks at how the situation has unfolded
High frequency trading
How the market can be humbling; and getting your ego out of the market
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My guest today is Jerry Parker, an original Turtle, trained by Richard Dennis. However, since then he has very successfully run a managed money firm called Chesapeake Capital.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
Mean reversion trading
What the definition of momentum trading is compared to trend following
Why “good enough” is more rigorous than any metric
How the intervention of the Fed has broken up trends and made volatility drop in markets
How the idea of uncertainty and talking in probabilities makes people uncomfortable
The difference between managed futures and trend following
Why buy and hold is predicated on trust of the Fed
Why trend followers don’t look to “beat” the market
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My guest today is Walter Williams, an American economist, commentator, and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his libertarian views.
The topics are liberty and economics.
In this episode of Trend Following Radio we discuss:
Why Williams calls himself a radical
The morality of markets
The welfare state and bailouts
How Williams didn’t “think poor” growing up
The nefarious aspect of minimum wage
How Williams stayed positive and avoided bitterness despite opposition
Malcolm X. and Martin Luther King, Jr.
Why there’s no poverty in the United States
How Williams felt about the Fall of 2008 and the bailouts that took place
How we got to the point where people want to trust the state so much
How Williams has developed a thick skin to deal with the criticism of his radical nature
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“How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.”
My guest today is John Mauldin, a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the most widely read investment newsletters in the world.
The topic is finance.
In this episode of Trend Following Radio we discuss:
Credit card rates and zero interest rate policy
The improper use of credit
Debt spirals
Central bank policies that keep whipsaw periods going
The actions in Japan and how they can spread across the world
The justifications that Mauldin sees behind the scenes
Black swans and boom-bust periods
How the 2008 financial crisis wasn’t a true black swan event
The “why” behind zero interest rate policy
The specter of Keynesianism over the world
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