My guest today is Daniel Kahneman, the second Nobel Prize winner to appear on this podcast. Kahneman is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences. The topic is behavioral psychology. In this episode of Trend Following Radio we discuss: Kahneman’s beginnings, and how he came to realize he was looking at the world ...
Feb 16, 2014•28 min
My guest today is John Bollinger, an American author, financial analyst, contributor to the field of technical analysis and the developer of Bollinger Bands. Since 1987, he has published the Capital Growth Letter, a newsletter which provides technical analysis of the financial markets. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Bollinger Bands as described for the lay person Defining when a price is relatively high or relatively low Defining “relatively hi...
Feb 13, 2014•28 min
Please enjoy my monologue Seykota, Harding & the 2014 Trend Following Conference with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To...
Feb 10, 2014•20 min
My guest today is Dave Rapach, an internationally renowned researcher in the area of asset return forecasting. His research is highly cited and published in leading scholarly and practitioner journals in Finance and Economics. Rapach is a Professor of Economics and holds the John Simon Endowed Chair in Economics at the Saint Louis University Chaifetz School of Business. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Why trend following works from an academic s...
Feb 09, 2014•51 min
My guest today is Ed Seykota, a commodities trader, who earned S.B. degrees in Electrical Engineering from MIT and Management from the MIT Sloan School of Management, both in 1969. In 1970 he pioneered Systems trading by using early punched card computers to test ideas on trading the markets. The topic is his book Govopoly in the 39th Day. In this episode of Trend Following Radio we discuss: Trend Following Seykota’s concerns about our economy The assimilation model and how Seykota sees assimila...
Feb 03, 2014•57 min
My guest today is Dominic Frisby, a self-proclaimed accidental financial bod, comedian, actor of unrecognized genius, voice of many things, & presenter. The topic is his book Life After the State: Why We Don't Need Government. In this episode of Trend Following Radio we discuss: Frisby’s beginnings as an actor and comedian What comedy can teach us about finance and the discipline of clarity How Cuba’s currency confusion led the nation to unfortunate circumstances Real estate Other peoples’ t...
Feb 02, 2014•44 min
My guest today is Harry Dent, a Harvard MBA, Fortune 100 consultant, new venture investor, noted speaker and bestselling author. Harry is the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. The topic is his book The Demographic Cliff: How to Survive and Prosper During the Great Deflation Ahead. In this episode of Trend Following Radio we discuss: Why demographics are so important The definitio...
Jan 30, 2014•30 min
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 ...
Jan 29, 2014•48 min
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. In this episode of Trend Following Radio we discuss: Why the average person will never see an interest for their savings again in their lifetime Ho...
Jan 26, 2014•22 min
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 Lit...
Jan 22, 2014•54 min
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, a...
Jan 21, 2014•44 min
My guest today is Frank Curzio of Stansberry and Associates. Curzio is the voice behind S&A Investor Radio, as well as the editor of the Small Stock Specialist. The topic is markets and investments. In this episode of Trend Following Radio we discuss: The CES (Consumer Electronics Show) and upcoming electronics trends Connectivity Narratives Protecting your downside The Federal Reserve and the gold market Netflix, Best Buy, and 4K televisions as a trend Apple Being on the ground, physically ...
Jan 13, 2014•31 min
My guest today is Tom Basso, the trader most famously known as “Mr. Serenity” in Jack Schwager's "New Market Wizards”. Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. The top...
Jan 10, 2014•4 hr 29 min
My guest today is Peter Schiff, an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. The topic is Federal Reserve policy. In this episode of Trend Following Radio we discuss: QE infinity, expectations and Fed overall policy ZIRP Inflation Real estate Foreclosure How the stock market keeps people satiated Protecting the value of the dollar How we can get to effect...
Jan 07, 2014•17 min
My guest today is William Adams, a private trader and systems developer. He is based in Zurich and works with institutional clients. Adams has over 17 years of experience in financial markets. The topic is systematic trading strategies. In this episode of Trend Following Radio we discuss: The first time Adams got the “trading bug” Early trading strategies Generating alpha The strategies that Adams uses today The “core satellite approach” Why Adams chose options over futures The seasonality of tr...
Jan 04, 2014•57 min
My guest today is Jack Horner, the world renowned paleontologist. Horner was the technical advisor for all of the “Jurassic Park” films. He is most famous for discovering and naming Maiasaura, providing the first clear evidence that some dinosaurs cared for their young. The topics are dyslexia and the process of learning. In this episode of Trend Following Radio we discuss: Passion Why you’d break open a dinosaur egg rather than hold onto it as precious material How Horner attributes his way of ...
Jan 02, 2014•39 min
Please enjoy my monologue The Abu Dhabi Investment Authority with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give...
Dec 31, 2013•17 min
Please enjoy my monologue The Passenger with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of...
Dec 24, 2013•15 min
My guest today is Dan Ariely, a professor of psychology and behavioral economics at Duke. He has given great TED Talks with millions of views. Covel and Ariely discuss irrationality and rationality on today’s show, including how we make decisions (with often poor processes). The topic is his book Predictably Irrational: The Hidden Forces That Shape Our Decisions. In this episode of Trend Following Radio we discuss: The irrationality of fundamentals in equity markets The wisdom of crowds, constra...
Dec 23, 2013•31 min
My guest today is Gerd Gigerenzer, the director of the Max Planck Institute for Human Development in Berlin, and a former professor of psychology at the University at Chicago. Gerd is also the director of the Harding Center for Risk Literacy (read David Harding the head of trend following firm Winton Capital). The topic is heuristics. In this episode of Trend Following Radio we discuss: Uncertainty Comparing decisions to baseball (gaze heuristic) Complex problems and simple solutions Using price...
Dec 19, 2013•40 min
My guest today is Dan Collins, a 25-year veteran of the Futures industry, founder of the Dan Collins Report, and most recently was named Editor-in-Chief of Futures Magazine. The topic is trading. In this episode of Trend Following Radio we discuss: Why the mainstream media seems to not even attempt to hide the bias and the propaganda against the styles and types of trading in the worlds that Covel and Collins occupy (i.e. trend following, systematic, managed futures, etc.) A particular Bloomberg...
Dec 15, 2013•20 min
My guest today is Eric Crittenden, a Founding Partner responsible for managing all research, risk quantification and trading operations. He's also been featured in Covel's own Little Book of Trading. The topic is a white paper that was originally released in 2005 that concerns trend following on stocks. In this episode of Trend Following Radio we discuss: The decision to do research into trend following on equities, and the background behind the white paper Why others weren’t trading equities wi...
Dec 08, 2013•35 min
Please enjoy my monologue Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use...
Dec 06, 2013•24 min
My guest today is Kathy Kristof, editor of SideHusl.com, is an award-winning financial journalist, who writes regularly for Kiplinger's Personal Finance and CBS MoneyWatch. She's the author of Investing 101, Taming the Tuition Tiger and Kathy Kristof's Complete Book of Dollars and Sense. The topic is finance. In this episode of Trend Following Radio we discuss: If we have bubbles, and we keep having bubbles, what does the average investor do? The difficulty of trying to figure out value today Th...
Dec 04, 2013•36 min
Please enjoy my monologue Hendry, Harding, The Pope and Acroyoga with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to ...
Dec 02, 2013•24 min
My guest today is Charles Faulkner, an author, trader, and international expert on modeling the knowledge and performance of exceptional individuals. He was originally featured in "The New Market Wizards" by Jack Schwager. The topic is trading psychology. In this episode of Trend Following Radio we discuss: Behavior, emotions, decision-making, and intuition in the world of money--and what money does to us on a biological level Neurolinguistic Programming How money in the mind influences money in...
Nov 30, 2013•1 hr 25 min
My guest today is Mikael Stenbom, the CEO and founder of RPM, which is an advisory consulting firm in Sweden. They advise, consult, or manage over 3.5B AUM. Stenbom has had tremendous experience in understanding strategy and the money management side of the CTA/managed futures world. The topic is CTA's. In this episode of Trend Following Radio we discuss: Stenbom’s early influences Stenbom’s economics background Connections between economics, trading, and sociology The Austrian school of economi...
Nov 29, 2013•47 min
My guest today is Tom DeMark, the founder and CEO of DeMark Analytics and the creator of the DeMark Indicators. The DeMARK studies are known internationally for their objective and mechanically-driven approach to both trading and investing, and are designed to anticipate potential price activity in the financial markets. The topic is Trend Following. In this episode of Trend Following Radio we discuss: How all conceivable market factors are in the price movement Obsession, passion and practice H...
Nov 27, 2013•1 hr 12 min
My guest today is Cal Newport, an American non-fiction author and associate professor of computer science at Georgetown University. The topic is passion. In this episode of Trend Following Radio we discuss: Alan Watts Why following your passion isn’t such a great idea from Newport’s perspective The notion of deliberate practice and the 10000 hour rule, falling back on simplistic strategies that fail Passion following success as the true gauge Misconceptions about passion Thinking of passion as a...
Nov 24, 2013•45 min
My guest today is Yaron Brook, an Israeli-American entrepreneur, writer, and activist. He is an Objectivist and the current chairman of the board at the Ayn Rand Institute, where he is the executive director. The topic is liberty. In this episode of Trend Following Radio we discuss: Trading The nature of altruism The idea and definitions of selfishness in the context of objectivism The power of ideas The idea of being a victim Schools, teaching, and political teaching Entitlement leading to vict...
Nov 22, 2013•45 min
