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Ep. 205: Chris Ducker Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Chris Ducker
Chris Ducker

My guest today is Chris Ducker, a serial entrepreneur and author of the bestseller, “Virtual Freedom”, and more recently, “Rise of the Youpreneur”. He owns and operates several businesses, that combined house over 400 full-time employees internationally. He’s also a trusted international business mentor, keynote speaker, podcaster, blogger, as well as the founder of Youpreneur.com – the leading personal brand business education company in the world.

The topic is his book Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business.

In this episode of Trend Following Radio we discuss:

  • The definition of virtual freedom
  • How Ducker came from the cubicle originally, and how he got to be the location independent entrepreneur he is now
  • How Ducker became a “virtual CEO”
  • The idea of a “superhero syndrome”
  • The idea of a virtual, international staff
  • The process of finding a VA (virtual assistant)
  • The two types of outsourcing
  • Hiring for the role–not for the task
  • Text, audio, and video communication
  • Tim Ferriss and the four-hour work week
  • Developing a location independent lifestyle

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Ep. 204: Russell Napier Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Russell Napier
Russell Napier

My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following.

The topic is his book Anatomy of the Bear: Lessons from Wall Street’s Four Great Bottoms.

  • Why the average person will never see an interest for their savings again in their lifetime
  • How the choice of equities is made for many
  • How we’re not really in a free-market capitalistic world
  • Why Napier thinks we’re on the eve of a major deflationary period
  • How the equity bull market causes people to simply not think (or question).

In this episode of Trend Following Radio we discuss:

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Ep. 203: Bobby Casey Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel

My guest today is Bobby Casey, a consultant on international tax planning, investment immigration, and global citizenship. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to “go where they’re treated best”.

The topics are entrepreneurship and travel.

In this episode of Trend Following Radio we discuss:

  • How Casey found his way to Latvia
  • Travel in general
  • Some of the issues you may encounter during travel
  • Lithuania
  • Holding dual citizenship
  • The advantages of having a passport from another country

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Trade Your Way to Freedom

Posted on by Michael Covel

A recent interchange:

Drew West: I love your podcast. What days do you regularly have it loaded?

Covel: No set schedule yet — maybe I need to fix that!

Drew West: How does a finance grad get a legit job in finance. Do I build a personal website and SEO it? I’ve listened to every podcast from day one and some multiple times, love the recent Tom Demark one…

Covel: I would first ask what you consider a legit finance job? Does job mean you work for someone?

Drew West: Almost anything as long as I’m not selling life insurance and bogus annuities driving around all day.

Covel: I would work more at getting more specific. Right now I have no clue what you know or what you want to do.

Drew West: I love trading.

Covel: Why are you not trading?

Drew West: Poor student loans. If I knew what I know now, I might not of went to college.

Covel: Make cash. Start trading. The way you make cash first might not be in finance nor does it have to be.

Drew West: I’m connected to Ned Davis on LI and tried meeting with him but I’ve learned he sold out like everyone else I know.

Covel: Who cares about anyone else. You have cash, you can trade. Get cash.

Drew West: Well I’ve tried quibids – but I’ve learned it would take tremendous capital to make profitable.

Covel: Never heard of that. Go standards: stocks, futures and options. That’s what to trade.

Drew West: Oh its just an auction site – alternative trading.

Covel: No gimmicks. Unless that is how you make the cash to go to real markets.

Drew West: Well I’ll take that into consideration… Save cash… Thx, do you prefer Michael or Mr. Covel?

Covel: Mike fine. Read “Linchpin” By Seth Godin.

Drew West: I did. I love Godin.

Covel: Don’t chase finance jobs.

Drew West: Ok I’m going to do pharma sales. I have medical experience and seems best option without doubt hopefully. Actually you don’t like hope, so I’m working towards doing that.

Covel: Make the cash. Then you have time and choices otherwise known as freedom.

Drew West: Cool thanks. Talk another time. Stay warm if you’re in that Virginia area, let me know if you come down to Florida. Ya freedom! Agreed.

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. 202: Barry Schwartz Interview with Michael Covel on Trend Following Radio

Posted on by Michael Covel
Barry Schwartz
Barry Schwartz

My guest today is Barry Schwartz, an American psychologist and author. He is a professor of Social Theory and Social Action at Swarthmore College. Schwartz’s psychological work is right there at the foundation of why any trader or investor will have success.

The topics are his books The Paradox of Choice: Why More is Less and Practical Wisdom: The Right Way to Do the Right Thing.

In this episode of Trend Following Radio we discuss:

  • Choice and practical wisdom
  • Choice in selecting a mutual fund, and how Schwartz has seen that unfold in corporations
  • The paradox of options
  • Having too much choice
  • Democracy and choice
  • The idea that decision-making has shifted from the expert to the individual
  • Why prescription drugs are marketed to people who can’t buy them outright
  • If choice drives clinical depression
  • Expectations
  • The idea of practical wisdom
  • Judgment and discretion in the workplace
  • Wisdom and the education system
  • Having a “script” from your employer that prevents you from thinking outside of the box
  • The importance of working with like-minded people
  • How things have changed since the 2008 financial crisis

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Podcast Love

Posted on by Michael Covel

Feedback in:

Hello Michael, your podcast series is excellent. I found it just before Christmas and listened to 25+ interviews by now… I can apply them often not only to trading but to my day job too. Please keep publishing you podcast! Happy new Year! Jan Urbahn

Thanks. They are fun to do. Glad you enjoy.

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.

I Want the Hate Too

Posted on by Michael Covel

Caught this review of my podcast while discussing “troll” aspects of modern life with my sister:

Michael Covel interviews some great guests on his podcast, and that’s the part I love about his podcast. When h[e] allows the guests to go deep into a topic, the interviews are tremendous. Things I dislike about these podcasts? Michael Covel constantly diverts conversations into meaningless specula about fed policy or starts a monologue about value investing and buy-and-hold. Good to hear once, but not on e[very] podcast! Also, he over all tends to talk like a “know-it-all”. Michael, allow guests to talk more about topics they’re good at and stop trying to be a “life” coach.

She then says remember the scene from Howard Stern’s film? I said no, so looked it up. Self-explanatory:

Researcher: The average radio listener listens for eighteen minutes. The average Howard Stern fan listens for, are you ready for this, an hour and twenty minutes.

Stern Associate: How can that be?

Researcher: Answer most commonly given: “I want to see what he’ll say next.”

Stern Associate: Okay, fine, but what about the people who hate Stern?

Researcher: Good point. The average Stern hater listens for two and a half hours a day.

Stern Associate: But… if they hate him, why do they listen?

Researcher: Most common answer: “I want to see what he’ll say next.”

Stern has made me laugh many times in my life.

Note: Great piece on dealing with haters.

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.