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Bestselling author Michael Covel is the host of Trend Following Radio with 15+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 1200+ episodes.

Sep 13, 2013

My guest today is Patrick Boyle, a fund manager, academic, and author. Boyle is the Founder of Palomar Capital Management, a UK-based hedge fund.

The topic is fund management.

In this episode of Trend Following Radio we discuss:

  • Directional trading
  • Timeframes in trading and short-term trading
  • Boyle's background and how he came to be a founding partner of Palomar
  • Boyle's time working with Victor Niederhoffer
  • Niederhoffer and his teaching lineage
  • David Harding and Bill Dunn
  • Boyle's political stances, the Fed, and the SEC
  • Risk and running a directional fund
  • Performance correlation to the S&P and the trend following CTA's
  • The big picture takeaways that Boyle learned under Niederhoffer
  • Correlations to people who have come out of Niederhoffer's shop
  • Monroe Trout
  • Testing ideas
  • How quantitative analysis is different from technical analysis
  • The book publishing industry, and why all the secrets might not be in a $20 book
  • Where Palomar Fund Management is at today
  • Foundational advice to the budding fund manager
  • Libertarianism

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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