Ep. 285: Anthony Todd Interview with Michael Covel on Trend Following Radio

My guest today is Anthony Todd, the CEO of Aspect Capital, one of the most successful managed futures trend following firms. Todd co-founded Aspect in September 1997. Before that, he was with AHL.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• Why prices aren't random
• Finding an inefficiency that the academic financial community refuses to acknowledge
• The idea of "predictable" patterns in the market
• The desire to know static positions
• How crowd behavior drives trends
• Addressing misconceptions
• Using fundamentals in a systematic way
• Defining Todd's medium-term style of trend following
• Why "it's less about the genius of the trade and more about the repeatability of the approach"
• How long you can be in a particular market before you give up on it
• Client understanding of trend following drawdowns
• The phraseology of "crisis alpha"
• The culture that Todd has built at Aspect
• Todd's advice to young entrepreneurs.

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!