My guest today is Tim Price, a partner and director of investment at PFP Wealth Management in the UK, an independent asset management and financial planning practice.
The topic is markets and investments.
In this episode of Trend Following Radio we discuss:
- The subordination of freely discovered prices to policy goals
- Why the recent trading environment seems "wrong and dangerous"
- Why Price wouldn't be able to speak freely working for a large bank
- Why Price and his colleagues aren't "doom and gloomers"
- Why the media neglects to report on black swans
- Why the role of the Fed is to keep "spiking the punch"
- The vested financial pushback on having some of these views
- Risk and "Against The Gods"
- Why people are hardwired to be loss averse
- An analogy to the US Forest Service
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/
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