Ep. 265: Leo Melamed Interview with Michael Covel on Trend Following Radio

My guest today is Leo Melamed, a pioneer of financial futures, currencies, and stock indexes. Melamed became Chairman of the Chicago Mercantile Exchange in 1969. In 1972, under his leadership, the CME created the International Monetary Market (IMM), the world's first financial futures exchange, and launched currency futures. He is currently Chairman Emeritus of CME Group (formerly the Chicago Mercantile Exchange).

The topic is his book Leo Melamed: Escape to the Futures.

In this episode of Trend Following Radio we discuss:

• Overcoming odds
• China's futures markets
• The middle class in China
• Melamed's experience meeting Milton Friedman and some of the lessons learned
• Melamed's early experiences escaping Nazi-controlled Poland, and eventually going to work for Merrill Lynch
• Stock futures
• The importance of speculation

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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Hope you enjoy my never-ending podcast conversation!