Please enjoy my monologue The Health and Longevity Episode 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 y...
Sep 08, 2014•55 min
Please enjoy my monologue The S&P 500 Trading System 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...
Sep 05, 2014•22 min
My guest today is Laurie Santos, a professor of psychology and cognitive sciences at Yale University. Her research explores the evolutionary origins of the human mind by comparing the cognitive abilities of human and non-human primates. Santos is able to look at monkeys and their behavior in markets and money, and see the similarities with humans. The topic is cognitive abilities. In this episode of Trend Following Radio we discuss: Santos’ early “ah-ha” moments Teaching monkeys about currencies...
Sep 01, 2014•33 min
My guest today is Robert Aumann, the fourth Nobel Prize winner to appear on this podcast. Aumann is an Israeli-American mathematician, and a member of the United States National Academy of Sciences. He is a professor at the Center for the Study of Rationality in the Hebrew University of Jerusalem in Israel. The topic is game theory. In this episode of Trend Following Radio we discuss: Conflict and cooperation through game theory analysis World via his game theory perspective Meeting John Nash an...
Aug 29, 2014•40 min
My guest today is Gregory Morris, the Sr. Vice President, Chief Technical Analyst, and Chairman of the Investment Committee for Stadion Money Management, LLC. He also serves as the chairman of the Station Trust Board. In this capacity Greg educates institutional and individual clients on the merits of technical analysis and why Stadion utilizes a technical rules-based model. Greg oversees the management of over $5.5 Billion in assets in six mutual funds, separate accounts, and retirement plans. ...
Aug 25, 2014•42 min
My guest today is Dennis Gartman, the editor and publisher of The Gartman Letter. Gartman appears on CNBC, ROB-TV and Bloomberg television, discussing commodities and the capital markets, and speaks before various associations and trade groups around the world. The topic is outside the box market perspectives. In this episode of Trend Following Radio we discuss: How Gartman first got started Chicago trading in the late 70’s to the mid 80’s Why you should never add to a losing position Buying str...
Aug 22, 2014•32 min
Please enjoy my monologue Misinformed View On Trend Following 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 giv...
Aug 18, 2014•23 min
My guest today is Leo Melamed, a pioneer of financial futures, currencies, and stock indexes. Melamed became Chairman of the Chicago Mercantile Exchange in 1969. In 1972, under his leadership, the CME created the International Monetary Market (IMM), the world’s first financial futures exchange, and launched currency futures. He is currently Chairman Emeritus of CME Group (formerly the Chicago Mercantile Exchange). The topic is his book Leo Melamed: Escape to the Futures. In this episode of Trend...
Aug 15, 2014•41 min
My guest today is John H. Cochrane, the AQR Capital Management Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. The topic is Chicago school economics. In this episode of Trend Following Radio we discuss: Warren Buffett’s quote that he “would have made a fortune” if the banks weren’t bailed out Crony capitalism Why “a good Bear failure may have saved us from a bad Lehman failure” The cost of regulation Uber, taxi service, and regulation Why commodi...
Aug 11, 2014•29 min
My guest today is Meir Statman, the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University. His research focuses on behavioral finance. He attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets. Meir's latest book, "Finance for Normal People: How Investors and Markets behave" has been published by Oxford University Press. The topic is his book What Investors Really Want: Know What D...
Aug 08, 2014•33 min
My guest today is Terry Burnham, an economist who studies the biological and evolutionary basis of human behavior. He has a Ph.D. in Business Economics from Harvard University, a Masters from the MIT Sloan School with a concentration in finance. Terry was a professor at the Harvard Kennedy School, the University of Michigan, and the Harvard Business School. His non-academic experiences include working briefly for Goldman, Sachs & Co., being the chief financial officer for Progenics Pharmaceu...
Aug 04, 2014•44 min
My guest today is Andy Puddicombe, the founder of Headspace, an award-winning digital health platform that provides guided meditation sessions. Puddicombe is a former Buddhist monk with a degree in Circus Arts. The topic is meditation. In this episode of Trend Following Radio we discuss: Puddicombe’s background and how he came into the position he is in today Some traumatic events which may have had an influence on Puddicombe’s decision to become a monk Covel’s own meditation experience Comparin...
Aug 01, 2014•29 min
My guest today is Sally Hogshead, a New York Times bestselling author, National Speakers Association Hall of Fame speaker, chief executive officer of How to Fascinate (Fascinate, Inc) and a former advertising executive. The topic is her book How The World Sees You: Discover Your Highest Value Through The Science of Fascination. In this episode of Trend Following Radio we discuss: Fascination and paying attention The seven different categories of things that fascinate us What those who fascinate ...
Jul 27, 2014•40 min
My guest today is Bucky Isaacson, one of the early pioneers of managed futures. In 1969, he helped to develop one of the first computerized trading systems. He’s been involved in the managed futures industry ever since, particularly in Asia and the US. The topic is managed futures. In this episode of Trend Following Radio we discuss: Fractured state of conferences these days What it was like to be involved with a group developing a computerized trading system in 1969 Being with one of the earlie...
Jul 24, 2014•43 min
My guest today is Megan McArdle, a Bloomberg View columnist who writes on economics, business and public policy. She founded the blog “Asymmetrical Information”. The topic is her book The Up Side of Down: Why Failing Well Is the Key to Success. In this episode of Trend Following Radio we discuss: “Trophy kids” and taking the monkey bars away The idea of a regulator out there trying to guarantee our safety Why the companies that make it aren’t the ones with the best strategic plan–it’s the ones t...
Jul 20, 2014•36 min
My guest today is Cullen Roche, the founder of Orcam Financial Group, a financial services company based out of San Diego. He also runs a very well-known blog called Pragmatic Capitalism (pragcap.com). The topic is his book Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance. In this episode of Trend Following Radio we discuss: Entrepreneurism Investing in yourself The advantages of starting a blog Why the word “pragmatic” is a word that has become central to Roche’s ...
Jul 17, 2014•57 min
My guest today is Mike Harris, the President of Campbell & Company (3B+ AUM), the systematic trading firm started by Keith Campbell (Campbell was featured in Covel’s first book Trend Following). The topic is Trend Following. In this episode of Trend Following Radio we discuss: Systematic trading in the early 70’s Education about managed futures Correlation with other markets and managers Trading diverse markets Focusing on data rather than the fundamentals Why “commodities” and “CTA” are mis...
Jul 14, 2014•31 min
My guest today is Tyler Cowen, an American economist, columnist and blogger. He is a professor at George Mason University, where he holds the Holbert L. Harris chair in the economics department. He hosts the economics blog Marginal Revolution, together with co-author Alex Tabarrok. The topic is economics. In this episode of Trend Following Radio we discuss: Sabermetrics and the new idea that we will be judged by numbers Cowen’s early experience studying under Nobel Prize winner Thomas Schelling ...
Jul 09, 2014•24 min
My guest today is William Poundstone, an American author, columnist, and skeptic. He has written a number of books including the Big Secrets series and a biography of Carl Sagan. The topic is his book Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street. In this episode of Trend Following Radio we discuss: Claude Shannon The connection between Al Capone The Kelly formula, bookmaking, and the telephone industry Bell Labs and information theory...
Jul 06, 2014•37 min
My guest today is Perry Kaufman, an American systematic trader, index developer, and quantitative financial theorist. He is considered a leading expert in the development of fully algorithmic trading programs. The topic is systematic trading. In this episode of Trend Following Radio we discuss: How Kaufman came to the idea of 100% algorithmic trading systems The difference between being systematic and being automated Optimization vs. validation The biggest advantages of testing Why discretion is...
Jul 02, 2014•42 min
My guest today is Ben Hunt, the Chief Risk Officer at Salient Partners. Salient is a 19B AUM manager based in Houston, Texas. As Chief Risk Officer, Hunt writes the Epsilon Theory, viewing capital markets through the lenses of game theory and history. The topic is Epsilon Theory. In this episode of Trend Following Radio we discuss: Power of the crowd watching the crowd Game theory Having a profound agnosticism about what the future holds The difference between risk and uncertainty in the context...
Jun 30, 2014•44 min
My guest today is Andrew Huszar, a Senior Fellow at Rutgers Business School and also a former Morgan Stanley managing director. In 2009, he managed the Federal Reserve’s 1.25 trillion dollar mortgage-backed security purchase program. The topic is the direction of the Federal Reserve. In this episode of Trend Following Radio we discuss: Looking at the short term Black swans Huszar’s history and how he came to work for the Federal Reserve The changing of the banking model in the US from the 1980’s...
Jun 24, 2014•35 min
My guests today are Hersh Shefrin and Arvid Hoffmann. Hersh Shefrin has done pioneering work in behavioral finance and is the author of Beyond Greed and Fear. Hoffmann is a colleague of Shefrin. He is a Professor of Finance at Maastricht University in the Netherlands. The topic is their paper, Technical Analysis and Individual Investors. In this episode of Trend Following Radio we discuss: Covel and Shefrin discuss how Shefrin came to know that behavioral finance was his path; the two-system fra...
Jun 21, 2014•1 hr 3 min
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. --- 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 g...
Jun 19, 2014•16 min
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 t...
Jun 17, 2014•1 hr 3 min
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...
Jun 14, 2014•41 min
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 ...
Jun 11, 2014•29 min
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...
Jun 09, 2014•27 min
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 o...
Jun 04, 2014•35 min
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 ju...
Jun 02, 2014•26 min
