My guest today is Jonathan Hoenig, an American, founding member of the Capitalist Pig hedge fund, and a regular contributor to and regular panelist on Fox News Channel's Cashin' In, Your World with Neil Cavuto, Red Eye w/ Greg Gutfeld and WLS 890's morning show, Don Wade & Roma.
The topic is his documentary Pit Trading 101.
In this episode of Trend Following Radio we discuss:
- Hoenig's branding for his hedge fund, Capitalist Pig
- Why capitalism has become demonized
- The difference between capitalism and crony capitalism
- Ayn Rand and capitalism as the "unknown ideal"
- How Hoenig ended up in the Chicago trading pits, and what we can learn from studying pit trading today
- The physical type of pit traders
- The subculture of the pits
- Where Hoenig sees futures markets going
- The blame of speculators
- America's place in the world today
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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Michael Covel's Trend Following