Michael Covel's Trend Following

Please enjoy my monologue Boom-Bust Cycles 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!

My guest today is Gerald Celente, an American trend forecaster, publisher of the Trends Journal, business consultant, and author who makes predictions about the global financial markets and other important events. The topic is global financial markets. In this episode of Trend Following Radio we discuss: How nefarious the zero interest rate policy really is Forced gambling in the equity markets The desensitization of the American public The situation with Syria today Post-dot-com bubble policy in America Solutions to the complex problems today, a "reset to morality", and how it's really up to the individuals to take back what they once had (personal responsibility) Deregulation and Glass-Steagall The days of a level playing field in America Goldman Sachs and Morgan Stanley being saved in the 2008 crisis, and "too big to fail" Fascism in America War and altruism as trends in 2013 and 2014 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 Trend Following In An Insane World 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!

My guest today is Dan Andrews, the founder of The Lifestyle Business podcast. He is the host of the Tropical MBA. The topic is entrepreneurship, travel and lifestyle. In this episode of Trend Following Radio we discuss: Location independence Optimizing for time and mobility Andrews' beginnings as a teenager to where he is today Artists and entrepreneurs Andrews' beginnings How being in an entirely different atmosphere can bring out your creativity How Paris in the 1920's relates to the creative explosion in Asia The importance of having a blog and telling your story Why people need stories and ideas to follow Telling a story with your business The importance of "starting" and the iterative process Your brand, and the nature of how you interact with people Thinking you know how to "do it" before you know how the "soup" is made How hard work means so much more than talent Self-control, self-discipline "Failing forward" and getting used to taking emotional risks Hyper-globalization of small businesses The revolution of podcasting Distractions, laziness, and doing an inventory on your time 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 Eric Wong. Wong established TCG on behalf of his family in 2003 as an asset management and financial advisory firm focused on investments with superior risk adjusted returns that are uncorrelated to major asset classes and advising family office and corporate clients. TCG's Celera division was formed in 2012 to consolidate and spin out the markets, technology, and business infrastructure of TCG. The topic is entrepreneur. In this episode of Trend Following Radio we discuss: How the rest of the world has a long way to go to understanding how China operates The niche that Wong's family office, TCG, occupies in the trading space Uncorrelated returns The advantages of working for a family office The entrepreneurial history of Wong's family Trend following data, data points, and the importance of data over a long period of time The Sharpe Ratio, and why the rest of the investing world has a problem with rejecting it The importance of pain as a measure Why Chinese investors are more driven by returns, and often agnostic to particular investment strategies Investor optimism "Nimbleness" to new ideas in Chinese culture Entrepreneurism in Asia and America 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 Harry Dent, a best-selling author and one of the most outspoken financial editors in America. Using proprietary research, Harry developed a unique method for studying economies around the world, and uses his analysis to provide insights on what to expect in the future. The topic is his book Demographic Trends in Real Estate. In this episode of Trend Following Radio we discuss: How demographics and consumer spending help to determine what might happen tomorrow "The demographic clip" "Die-ers vs. buyers" What happens when a smaller generation follows a larger one Zero interest rate policy and asset prices Inflation How the government keeps the bubble inflated Comparisons to Japan The forced spending of principal Whether we've lost the ability to have a conversation about the morals of our current policies Real estate speculation How we've lost direction on the idea of "resets" The boom-bust cycle The importance of failure "Coma" economies Early retirement, and why you can't retire at 65 Public employee pensions Why we ultimately need a crisis to secure our future 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 Knowing What We Don't Know 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!

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel's book "The Complete TurtleTrader." The topic is Trend Following. In this episode of Trend Following Radio we discuss: Fitness The Hindenburg "omen" Objective entry/exit criteria Why you'd stay in a long position that you wouldn't want to enter into today The "oversleeping" hypothetical The idea that reducing volatility increases risk Definitions of volatility and risk Parker's thoughts on trend followers not really having drawdowns in the typical sense "Managed futures" and why investors may not want that vs. "trend following" Definitions of "managed futures" and "trend following" Why managed futures isn't a good term for some 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 Rolf Dobelli, a Swiss author and entrepreneur. Dobelli is a member of Edge Foundation, Inc., PEN International and the Royal Society of Arts. He is the founder of the World Minds foundation. The topic is his book The Art of Thinking Clearly. In this episode of Trend Following Radio we discuss: Availability bias Statistics The sunk cost fallacy The difficulty of logical thinking Authority bias and outcome bias Process vs. outcome The irrelevancy and "white noise" of news Information overload Neomania and the obsession with the "new" Nassim Taleb, outliers, and the black swan J.P. Morgan, banks, and looking behind the facade Why watching and waiting is torture for people (the action bias) The idea that "the boat matters more than your rowing" The paradox of choice, closing doors, and settings fire to ships The "it will get worse before it gets better" fallacy and stop loss Applying these lessons to daily life 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 Mebane Faber, a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria's ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. The topic is his book Shareholder Yield: A Better Approach to Dividend Investing. In this episode of Trend Following Radio we discuss: State of quant investing in Asia How asset allocation is like "bullets" The benefits of quantitative-style systems Protecting yourself against your own behavioral biases Connections between biology and trading Behavioral finance Keeping yourself from making irrational decisions Boom-bust cycles and bubbles Quant views on the efficient market theory and buy and hold Japanese markets compared to US markets "Cheap" and "expensive" countries and markets Asset class agnosticism Avoiding the big losses Investing based on dividends Momentum as a return factor Exit strategies 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!