My guest today is Kathryn Kaminski, the deputy managing director the institute for financial research (SIFR) Stockholm Sweden. She's also a contributor to CME Group. She earned her PhD at the MIT Sloan School of Management. At the MIT Laboratory for Financial Engineering, she conducted research on financial heuristics in collaboration with Professor Andrew W. Lo. Her new book, with Alex Greyserman, is "Trend Following with Managed Futures: The Search for Crisis Alpha."
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Survivorship bias
- Kaminski's background and upbringing
- Convergent risk-taking strategies and divergent risk-taking strategies
- Social networking as an example of risk
- Apple as an example of convergent/divergent
- The importance of failure
- The efficient market hypothesis, the idea that trend following is "voodoo", and the lack of transparency in trend following
- Critics of trend following
- Kaminski's "ah-ha" moment with trend following
- Why trend following works in times of crisis
- The adaptive markets hypothesis
- Looking at markets like ecologies
- Divergence and "punctured equilibrium"
- The process of going back 800 years analyzing trend following
- The idea of black boxes
- The acceptance of trend following
Jump in!
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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.
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