My guest today is Brian Proctor, an original TurtleTrader trained by Richard Dennis and Bill Eckhardt and today is a Managing Director at EMC Capital. He began his futures career in 1982, with experience at both the Chicago Mercantile Exchange and Chicago Board of Trade. Proctor was a participant in the renowned Turtle Program, and managed all trading operations at C&D Commodities through 2000. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Proctor’s first...
Apr 03, 2015•44 min
My guest today is Douglas Emlen, a professor at the University of Montana. He is the recipient of the Presidential Early Career Award in Science and Engineering from the Office of Science and Technology Policy at the White House. He has also earned multiple research awards from the National Science Foundation, including their five-year CAREER award. The topic is his book Animal Weapons: The Evolution of Battle. In this episode of Trend Following Radio we discuss: Taking our lessons from animals ...
Mar 30, 2015•1 hr 7 min
My guest today is Nigol Koulajian, the Founder and Chief Investment Officer of Quest Partners LLC. He has been designing and trading short-term and long-term technical systems for over 22 years. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Trend following performance in 2014 Volatility vs. skew Why having a good Sharpe Ratio is not the be-all-end-all The notion that alpha in the CTA world is not a result of skill Correlation between tail risk and the Sharpe ...
Mar 27, 2015•45 min
My guest today is Terrance Odean, the Rudd Family Foundation Professor and Chair of the Finance Group at the Haas School of Business, University of California, Berkeley. Odean has extensively researched into the empirical data on active trading. He is very well-known for his work in behavioral finance and is once of the early pioneers. The topic is his extensive research into the empirical data on active trading. In this episode of Trend Following Radio we discuss: Odean describes his work How O...
Mar 23, 2015•46 min
My guest today is Robert Seawright, the Chief Investment & Information Officer for Madison Avenue Securities, a boutique broker-dealer and investment advisory firm headquartered in San Diego, California. Seawright is also a columnist for Research magazine, a Contributing Editor at Portfolioist as well as a contributor to the Financial Times, The Big Picture, The Wall Street Journal’s MarketWatch, Pragmatic Capitalism, and ThinkAdvisor. The topic is his blog A New Kind Of Investment Outlook. ...
Mar 20, 2015•39 min
My guests today are Susan Polgar and Douglas Goldstein. Susan Polgar, American chess grandmaster, and Douglas Goldstein, Certified Financial Planner, had the unique idea of looking at chess and applying the wisdom to investing. The topic is their book Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing. In this episode of Trend Following Radio we discuss: Polgar’s early history as a four-year-old chess playing prodigy, and the trouble some older males had in accepting...
Mar 16, 2015•49 min
My guest today is Kabir Sehgal, a New York Times bestselling author and Grammy Award-winning producer. He is currently a vice president at JPMorgan Chase. Sehgal’s new book, Coined: The Rich Life of Money and How Its History Has Shaped Us, caught Covel’s eye. This is a subject layered in complexity and depth. Just about everything that goes on in our lives is decided by money and Sehgal digs into its story on a micro level. The topic is his book Coined: The Rich Life of Money and How Its History...
Mar 13, 2015•39 min
Please enjoy my monologue Trend Following Attitude 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 gre...
Mar 09, 2015•46 min
My guest today is David Stockman. Those that follow business and politics in the United States will recognize his name. Stockman has been a businessman, a Congressman, and Director of the Office of Management and Budget under President Ronald Reagan. The topic is his book The Great Deformation: The Corruption of Capitalism in America. In this episode of Trend Following Radio we discuss: Woodrow Wilson piece How Wilson brought the US into World War I and how the pain of the 1930’s and the pivot p...
Mar 06, 2015•36 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: Series of tweets written by Parker and use them as a jumping-off point for conversation. Topics include price action, “normal” market behavior Recent moves in the Swiss Franc Paying attention to entries as well as exits Why investors are oft...
Mar 02, 2015•45 min
My guest today is Sophia Roosth, a Harvard professor that Covel first heard quoted on DNA privacy from Davos. Roosth’s research focuses on the twentieth and twenty-first century life sciences. Her first book, based on four years of ethnographic fieldwork, examines how the life sciences are changing at a moment when researchers build new biological systems in order to investigate how biology works. In this work, Roosth asks what happens to “life” as a conceptual category when experimentation and ...
Feb 27, 2015•40 min
My guest today is Michael Lardon, one of the premier mental performance coaches in the world, with clients in more than a dozen professional and Olympic sports. His athletes have won major golf championships, Olympic gold medals, Super Bowls and World Series titles, among other achievements. He is an Associate Clinical Professor of Medicine at the University of California San Diego and a Consulting Psychiatrist to the United States Olympic Teams at the Olympic Training Center in Chula Vista, CA....
Feb 23, 2015•49 min
Please enjoy Mike Shell Interview with Michael Covel on Trend Following Radio. --- 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 in your life and trading journey… cut your losses! You...
Feb 20, 2015•33 min
My guest today is Salem Abraham, the President of Abraham Trading Company with a 27-year track record. Salem graduated cum laude from the University of Notre Dame in December 1987 with a bachelor's degree in finance. He began his investing career as a futures trader while still in college, using quantitative models to trade global futures markets beginning in 1987. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Living in Asia and Asian economics A market lesso...
Feb 16, 2015•46 min
My guest today is Christopher Chabris, an American research psychologist, currently Associate Professor of Psychology and co-director of the Neuroscience Program at Union College in Schenectady, New York, Adjunct Assistant Professor of Neurology at Albany Medical College and a Research Affiliate at the MIT Center for Collective Intelligence. The topic is his book The Invisible Gorilla: How Our Intuitions Deceive Us. In this episode of Trend Following Radio we discuss: Witnesses, memory, and the ...
Feb 13, 2015•45 min
Please enjoy my monologue Michael Covel Monologue and Peter Shankman Interview 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...
Feb 09, 2015•31 min
My guest today is Gary Antonacci. Antonacci focuses on two issues in the quant world: relative strength price momentum with trend following absolute momentum. He’s developed a strategy where he believes it’s best to combine both. The topic is his book Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk. In this episode of Trend Following Radio we discuss: Momentum vs. trend Relative strength momentum, cross sectional momentum, absolute momentum, and time series mom...
Feb 06, 2015•33 min
My guest today is Michael Mauboussin, an investment strategist in the financial services industry, professor at the Columbia Graduate School of Business, and serves on the board of trustees at the Sante Fe Institute (an independent, nonprofit theoretical research institute). He is managing director and head of Global Financial Strategies at Credit Suisse, where he advises clients on valuation and portfolio positioning, capital markets theory, competitive strategy analysis, and decision making. T...
Feb 02, 2015•35 min
My guest today is Peter Larson, an American paleontologist, fossil collector, and president of the Black Hills Institute of Geological Research, a company that excavates, prepares, and sells fossils. He led the team that excavated “Sue”, the largest and most complete specimen of Tyrannosaurus rex found to date, and has published numerous scientific and popular works on dinosaur paleontology. The topic is paleontology. In this episode of Trend Following Radio we discuss: Luck’s role in finding di...
Jan 30, 2015•42 min
My guest today is Jean-Philippe Bouchaud, a French physicist. He is co-founder and Chairman of Capital Fund Management, adjunct professor at École Normale Supérieure and co-director of the CFM-Imperial Institute of Quantitative Finance at Imperial College London. The topic is Trend Following. In this episode of Trend Following Radio we discuss: His firm’s performance for 2014 Whether trend following actually “died” prior to it’s “reappearance” in 2014 What trend following manages to exploit Expl...
Jan 26, 2015•30 min
My guest today is Dan Hill, a recognized authority on the role of emotions in consumer and employee behavior. He runs Sensory Logic, a scientific insights firm that analyzes consumers’ facial expressions to help companies better navigate consumers’ emotional decision-making processes. The topic is consumer and employee behavior. In this episode of Trend Following Radio we discuss: What a face coding expert is The evolutionary aspect to face coding and the 43 muscles present in the face; emotiona...
Jan 23, 2015•43 min
My guest today is Mebane Faber, a noted author (The Ivy Portfolio), blogger, and portfolio manager with Cambria Investment Management. Faber is involved in many different areas of the market, extremely practical and pragmatic. The topic is Trend Following. In this episode of Trend Following Radio we discuss: The podcast medium Trend following, buy & hold, and emotions Anti-fragility Ray Dalio, risk parity, and his strategies All Weather and Pure Alpha Asset allocation as a buy and hold inves...
Jan 19, 2015•42 min
My guest today is Daniel Simons, an experimental psychologist, cognitive scientist, and Professor in the Department of Psychology and the Beckman Institute for Advanced Science and Technology at the University of Illinois. Simons is most well known for his work on change blindness and inattentional blindness, two surprising examples of how people can be unaware of information right in front of their eyes. His research interests also include visual cognition, perception, memory, attention, and aw...
Jan 16, 2015•44 min
My guest today is Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team which is based in 18 global emerging markets offices, and manages emerging markets portfolios. Mobius oversees a team of more than 50 people managing some $45 billion. The topic is economics. In this episode of Trend Following Radio we discuss: Key events that happened along Mobius’ development and moved him to find emerging mar...
Jan 12, 2015•27 min
Please enjoy my monologue Lawrence Delevingne, CNBC and 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 l...
Jan 09, 2015•18 min
My guest today is Bryan Caplan, an American economist and professor of economics at George Mason University, research fellow at the Mercatus Center, adjunct scholar at the Cato Institute, and blogger for EconLog. He works in public choice theory. His books include The Myth of the Rational Voter and Selfish Reasons to Have More Kids. He has also written extensively on open borders and pacifism. The topic is economics. In this episode of Trend Following Radio we discuss: Voting, rationality Defini...
Jan 05, 2015•40 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 from managing client money, was president and founder of Trendstat Capital Management. 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. Today, he is a private trader. The topic is Trend Following. In this episode of Trend Following Radio we ...
Jan 01, 2015•46 min
My guest today is Mark Manson, an author and personal development consultant. Manson has worked with thousands of people from over 20 countries and his writing offers a different take on the self-help genre. Manson calls it “self help from a first person perspective”. He has sold over 15,000 copies of his book “Models: Attract Women Through Honesty” and almost 400,000 people read his site each month. He’s been published and quoted on CNN, Huffington Post, Business Insider, Yahoo! News, The Sydne...
Dec 29, 2014•42 min
Please enjoy my monologue Crude Oil Folly 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 ...
Dec 26, 2014•18 min
My guest today is Charles Faulkner, an author, trader, and an 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: The notion of fictional people and why famous figures in finance are “fictional” The importance of narratives, stories, and metaphors The halo effect and deluding ourselves The difference between a stor...
Dec 22, 2014•55 min
