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Ep. 168: Larry Williams Interview with Michael Covel on Trend Following Radio

Larry Williams
Larry Williams

My guest today is Larry Williams, an American author, stock and commodity trader, and politician from the state of Montana.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • IRS and Congress
  • Targeting of individuals and groups by the government
  • Facing the government in a court case and negotiating with the IRS
  • How Williams approached trading at the beginning, and his motivations to do so
  • How growing up in Montana affected Williams personally
  • How Williams came to run for Senate and his reasoning for doing so
  • The importance of speculation, and the difference between speculation and gambling
  • How Williams made the migration from stocks to thinking about futures
  • How Williams approached the emotional and money management sides of the equation
  • Risk control
  • Understanding what kind of system “fits” you best
  • The changing condition of markets
  • Keeping it simple
  • The importance of learning from injury
  • How Williams came to his Libertarian mindset

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What Do Blackberry & Enron Have in Common?

Feedback on the class action law suit against Blackberry:

Mike, a class action lawsuit has been launched in New York against BlackBerry and its top two executives for misleading investors over the last 13 months. Anyone who looks at the chart will realize that none of the plaintiffs are trend followers. In fact, if you had been trading BlackBerry for the last eight years as a trend follower, you’d be sending them a bouquet rather than suing them.

Regards,
DG

Thanks. Great point. Reminds me of Enron.


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.

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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. 166: Harry Binswanger Interview with Michael Covel on Trend Following Radio

Harry Binswanger
Harry Binswanger

My guest today is Harry Binswanger, an American philosopher, writer, and Objectivist as a long-time associate of Ayn Rand.

The topic is his article on the value of 1%.

In this episode of Trend Following Radio we discuss:

  • Being inspired by the 1%, and why his article caused such an uproar
  • The nature of trade
  • Envy and jealousy
  • Understanding where entrepreneurs start and how wealth is created
  • The bailouts of 2008
  • Wal-Mart and its many innovations
  • Why money isn’t the root of all evil
  • Seeing Ayn Rand’s work woven into the cultural fabric
  • Statism
  • Navigators and the new health care laws
  • Why the wealthiest counties in America all surround Washington, DC
  • Why we’re at the “tipping point” in society today
  • Thoughts on Ron Paul vs. the principles of Ayn Rand

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Trend Following Internships

Feedback in:

Dear Michael, I would like to express my interest in an internship with Trend Following. I am a loyal follower of yours and based in Australia. I have traded many systems over the past and learned from the so called professionals thus falling into the guru trap. Although I have spent a lot of money on this education and lost money trading the systems, I can say it has all been worth it as my persistence has lead me to your books and teachings. Unfortunately I never subscribed to any of the Trend Following trading systems, but I had been saved in the sense that I was able to design my own simple trend following system after being convinced about this through reading your books and listening to your podcasts. I don’t worry about news or missing any piece of data, I just do what my system indicates and life is so simple. I could not care if price is moving up or down, I just want a piece of the major trend. So thank you for all the work over the years and most of all for sharing your research with all of us. I can truly say that I would love to be involved with Trend Following in some way. As a professional accountant in my previous career, I was involved in the development and mentoring of young accountants for my firm. I really believe the nurture trumps nature mantra, as this is where I experienced it first hand. So therefore what you are doing is giving so many people new opportunities which most of us always believed was for the select few talented individuals. I would like to be part of this crusade and as part of my own development as a trend trader, would relish an opportunity to contribute within the Trend Following community. Perhaps you would consider nurturing a couple of disciples and unleashing us to the world as your own turtles? I would therefore appreciate it if you would consider my application for internship either to assist in trading or some form of writing. Although I am based in Australia, I am sure that technology breaks down any barriers and being able to work under your guidance would probably be the pinnacle of my achievements in life. Yours sincerely, Charles

Thanks Charles for the very pleasant note. Details soon.


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. 164: Richard Noble Interview with Michael Covel on Trend Following Radio

Richard Noble
Richard Noble

My guest today is Richard Noble, a Scottish entrepreneur who was holder of the land speed record between 1983 and 1997. He was also the project director of ThrustSSC, the vehicle which holds the current land speed record, set at Black Rock Desert, Nevada in 1997.

The topic is entrepreneur.

In this episode of Trend Following Radio we discuss:

  • What 600 MPH feels like to someone who has never been there before
  • The mental processes when you’re going at high speeds
  • Process vs. outcome
  • The danger of emotional highs
  • Noble’s entrepreneurial spirit
  • How Noble got the desire for the land-speed record at the age of six
  • Whether Noble views his endeavors as “life threatening”
  • The idea of “higher risk” in life and society today
  • The importance of taking risks
  • The idea of developing a “risk culture”
  • Motivating people to come over to your own perspective
  • The difficulties Noble experienced with British culture, the media, and with big companies
  • The parallel experiences Covel and Noble have had on the web
  • Where Noble stands on breaking the 1000 MPH barrier right now

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richard noble

More awesome Noble pictures: 1, 2, 3, 4.

Ep. 163: Inequality Debate with Michael Covel on Trend Following Radio

Inequality Debate with Michael Covel on Trend Following Radio
Inequality Debate with Michael Covel on Trend Following Radio

Please enjoy my monologue Inequality Debates 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. 162: Tim Dyer Interview with Michael Covel on Trend Following Radio

My guest today is Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.

The topic is personal investments.

In this episode of Trend Following Radio we discuss:

  • What an RIA does for the average investor
  • The difference between trend following fund managers and the RIA world
  • The difference between hiring Merrill Lynch and hiring an independent RIA
  • Fiduciary suitability
  • Black swan protection
  • Benchmark issues
  • Warren Buffett declaring The Fed as history’s greatest hedge fund
  • How the Internet might open up the RIA world, and the value of human-based advice in the RIA world
  • The disingenuousness of focusing only on the benefits, and failing to see the risks
  • Why some might say it “feels like 1999” today

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