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Ep. 512: Tim Price Interview with Michael Covel on Trend Following Radio

Tim Price
Tim Price

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Tim Price has worked in capital markets for over 25 years across three management firms. His book is “Investing Through the Looking Glass.”

Tim thought Brexit would be the biggest thing in politics during his lifetime, until Trump. People love a narrative and those behind Brexit and Trump produced a great one. People were so fed up with the establishment that even though they may not have agreed with the idea of Brexit or the agenda of Trump, they wanted a vote against the establishment.

“What was the driving force behind wanting to write your first book?” The seminal event for him was the collapse of Lehman Brothers, which led him to think: “How on earth did we end up in this mess?” Interest rates are still at zero eight years post crisis and central banks are still printing money out of nowhere. He has spent the years since 2008 researching what the causes were and essentially the “Who done it” in the bailouts. Michael and Tim talk about the economy and the avalanche that is building on the horizon. Michael asks, “How did we get to the point where so many of us have just accepted that there are these show figures making decisions for us that we have no choice in?”

In Tim’s work he takes people on a detailed journey through the banking system, bailouts, bond market, stock market and the solutions. “What other options in trading exist after you have value, momentum and gold?” Michael and Tim discuss why there aren’t really any other options beyond those.

In this episode of Trend Following Radio:

  • Trusting central planners
  • Going against the establishment
  • Banking system
  • Owning gold
  • Lehman Brothers collapse
  • 2008 bubble
  • The Brexit and Trump narrative

“Mankind has survived because of our ability to believe in things that do not actually exist.” – Tim Price

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Ep. 339: Tim Price Interview with Michael Covel on Trend Following Radio

Tim Price
Tim Price

Michael Covel speaks with Tim Price on his second appearance on the podcast. Price is the London-based Director of Investment at PFP Wealth Management. Price has over 20 years of experience in both private client and institutional investment management. Price regularly shares his views on his blog, The Price of Everything. What can we see in the central banks? What actinos have taken place in the last few years? Covel and Price discuss why the fundamentals are so ‘shocking’; FDR and the Great Depression; why government taking its hands out of the equation can be the solution in a recession or depression; why savers suffer in silence; the three scenarios that occur when you accept that much debt simply cannot be paid back (growth, default, or inflation); the standoff between Germany and Greece, and how the average German might feel today about common currency; and the lack of outrage of zero interest rate policy. For more information on Tim Price, visit thepriceofeverything.typepad.com.

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Ep. 179: Tim Price Interview with Michael Covel on Trend Following Radio

Tim Price
Tim Price

Michael Covel talks with Tim Price. Price is a partner and director of investment at PFP Wealth Management in the UK. Price makes no bones about it: He comes more from a fundamental value-based perspective. However, what Covel’s eye was the pragmatic, almost investigative look into what’s going on in government and central banks in the past five years. Covel and Price discuss the subordination of freely discovered prices to policy goals; why the recent trading environment seems “wrong and dangerous”; why Price wouldn’t be able to speak freely working for a large bank; why Price and his colleagues aren’t “doom and gloomers”; why the media neglects to report on black swans; why the role of the Fed is to keep “spiking the punch”; the vested financial pushback on having some of these views; risk and “Against The Gods”; why people are hardwired to be loss averse; and an analogy to the US Forest Service. Covel also offers a monologue on the back side of Tim’s interview including an update on Bitcoin and an additional insight from Brad Rotter (ep. 177). Tim Price can be found at http://thepriceofeverything.typepad.com.

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