My guest today is Ewan Kirk, the head of Cantab Capital and has brought his firm from $30M AUM in 2006 to over $5B today. Kirk employs several strategies but clearly uses a trend following foundation.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- How consistent and predictable profits are the Holy Grail–you're never going to get there
- Kirk's background
- Why computer programming is "today's literacy"
- Standing out from the crowd
- Trend following in the European scene vs. America
- Weighting positions based on risk
- Talking to clients and explaining that losses are statistically inevitable
- Whether the demand for discretionary traders is waning
- How discretionary traders look at a trader like Kirk who is 100% systematic
- Why discretionary intervention in a systematic trading strategy disqualifies it from being truly systematic
- Proving a strategy as broken rather than proving that it's right
- Why randomness is everything
- Uncertainty and convictions about technique
- Capturing the realism of the world in your trading strategy
- What actually benefits the economy, society, and the world
- Seeking client feedback and understanding a client's drivers
- The importance of consistent marginal improvements
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.
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 will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
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Hope you enjoy my never-ending podcast conversation!
