Michael Covel's Trend Following

My guest today is Chris Ducker, a serial entrepreneur and author of the bestseller, "Virtual Freedom", and more recently, "Rise of the Youpreneur". He owns and operates several businesses, that combined house over 400 full-time employees internationally. He's also a trusted international business mentor, keynote speaker, podcaster, blogger, as well as the founder of Youpreneur.com - the leading personal brand business education company in the world. The topic is his book Virtual Freedom: How to Work with Virtual Staff to Buy More Time, Become More Productive, and Build Your Dream Business. In this episode of Trend Following Radio we discuss: The definition of virtual freedom How Ducker came from the cubicle originally, and how he got to be the location independent entrepreneur he is now How Ducker became a "virtual CEO" The idea of a "superhero syndrome" The idea of a virtual, international staff The process of finding a VA (virtual assistant) The two types of outsourcing Hiring for the role--not for the task Text, audio, and video communication Tim Ferriss and the four-hour work week Developing a location independent lifestyle Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following. The topic is his book Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms. In this episode of Trend Following Radio we discuss: Why the average person will never see an interest for their savings again in their lifetime How the choice of equities is made for many How we're not really in a free-market capitalistic world Why Napier thinks we're on the eve of a major deflationary period How the equity bull market causes people to simply not think (or question). Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Bobby Casey, a consultant on international tax planning, investment immigration, and global citizenship. He has personally lived this lifestyle for over a decade, and now works with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best". The topics are entrepreneurship and travel. In this episode of Trend Following Radio we discuss: How Casey found his way to Latvia Travel in general Some of the issues you may encounter during travel Lithuania Holding dual citizenship The advantages of having a passport from another country Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Barry Schwartz, an American psychologist and author. He is a professor of Social Theory and Social Action at Swarthmore College. Schwartz's psychological work is right there at the foundation of why any trader or investor will have success. The topics are his books The Paradox of Choice: Why More is Less and Practical Wisdom: The Right Way to Do the Right Thing. In this episode of Trend Following Radio we discuss: Choice and practical wisdom Choice in selecting a mutual fund, and how Schwartz has seen that unfold in corporations The paradox of options Having too much choice Democracy and choice The idea that decision-making has shifted from the expert to the individual Why prescription drugs are marketed to people who can't buy them outright If choice drives clinical depression Expectations The idea of practical wisdom Judgment and discretion in the workplace Wisdom and the education system Having a "script" from your employer that prevents you from thinking outside of the box The importance of working with like-minded people How things have changed since the 2008 financial crisis Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Frank Curzio of Stansberry and Associates. Curzio is the voice behind S&A Investor Radio, as well as the editor of the Small Stock Specialist. The topic is markets and investments. In this episode of Trend Following Radio we discuss: The CES (Consumer Electronics Show) and upcoming electronics trends Connectivity Narratives Protecting your downside The Federal Reserve and the gold market Netflix, Best Buy, and 4K televisions as a trend Apple Being on the ground, physically going somewhere, and the importance of being there Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Tom Basso, the trader most famously known as "Mr. Serenity" in Jack Schwager's "New Market Wizards". Basso, now retired, was a stock and commodities trader who was president and founder of Trendstat Capital Management. He is the author of two books, "Panic-Proof Investing" and "The Frustrated Investor". Basso became a registered investment advisor in 1980, a registered commodities advisor in 1984, and was elected to the board of the National Futures Association in 1998. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Location independence Making sure trading doesn't take up your entire life Stoicism Trend following in the emotional arena Mental exercises The psychology of trend following The "observer self" The mental aspects of success The importance of being able to lose small amounts of money Why trend following does so well when the black swans hit Basso's daily routine and the importance of routine in daily life. Covel and Basso also go through listener questions such as whether Basso would make the same trading decisions that he did from the start Money management v. trading Tinkering with current systems Knowing when it's a regular drawdown v. something really going the wrong way Whether Basso is a one-system kind of guy v. multiple systems Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Peter Schiff, an American stock broker, financial commentator, and radio personality. He is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. The topic is Federal Reserve policy. In this episode of Trend Following Radio we discuss: QE infinity, expectations and Fed overall policy ZIRP Inflation Real estate Foreclosure How the stock market keeps people satiated Protecting the value of the dollar How we can get to effectively negative interest rates The way out of QE infinity (if even possible) Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is William Adams, a private trader and systems developer. He is based in Zurich and works with institutional clients. Adams has over 17 years of experience in financial markets. The topic is systematic trading strategies. In this episode of Trend Following Radio we discuss: The first time Adams got the "trading bug" Early trading strategies Generating alpha The strategies that Adams uses today The "core satellite approach" Why Adams chose options over futures The seasonality of trades Inspirational resources found by Adams The influence of Zurich on Adams, and whether or not Americans can learn a thing or two from the Swiss Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Jack Horner, the world renowned paleontologist. Horner was the technical advisor for all of the "Jurassic Park" films. He is most famous for discovering and naming Maiasaura, providing the first clear evidence that some dinosaurs cared for their young. The topics are dyslexia and the process of learning. In this episode of Trend Following Radio we discuss: Passion Why you'd break open a dinosaur egg rather than hold onto it as precious material How Horner attributes his way of thinking to dyslexia The shapeshifting dinosaur hypothesis "Chickasaurus" and the idea of dinosaurs and chickens intersecting The accuracy of the "Jurassic Park" dinosaurs Whether the T. Rex was a scavenger v. predator How Horner came to his way of thinking Jump in! --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Please enjoy my monologue The Abu Dhabi Investment Authority with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!