My guest today is Martin Bergin, CEO of Dunn Capital Management. Bill Dunn and Dunn Capital were famously profiled in Covel's book Trend Following and they have a 39 year track record of trend following performance.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- The early stages of Dunn Capital, and how it arrived where it is today
- Trend following with futures
- Volatility within Dunn's system, and why volatility is important to the overall performance
- Targeting losses
- How history informs system creation
- Adapting to the marketplace and to available technology
- What it means to be 100% systematic with no overrides
- Defining "black box" systems, and the difference between Dunn Capital's strategy and black box strategies
- Location in relation to Dunn Capital, and why it isn't necessary to be in a big city like London or Tokyo
- How the core of Dunn Capital has stayed the same while certain aspects of business has evolved
- Decreasing drawdown without decreasing profitability
- Behavioral finance and dealing with biases
- The adaptive nature of trend following
- Predictive vs. reactive trend following
- Dunn Capital's fee structure
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!
Michael Covel's Trend Following