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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.

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  2. Ep. 283: Roland Austrup Interview with Michael Covel on Trend Following Radio

Ep. 283: Roland Austrup Interview with Michael Covel on Trend Following Radio

Oct 13, 2014

My guest today is Roland Austrup, the Chief Executive Officer and Chief Investment Officer at Integrated managed Futures, part of the IAM group out of Canada. Austrup’s firm comes at trading from a slightly different perspective: very systematic, but also using fundamentals systematically.

The topic is trading.

In this episode of Trend Following Radio we discuss:

  • How Austrup got started in the industry, and whether he was always a “quant” thinker
  • Early experiences with Ed Seykota
  • Whether Austrup uses a systematic use of fundamentals or a discretionary use of fundamentals
  • Why systematic can be frightening to certain people
  • Managing risk and the return to risk profile
  • Why Austrup targets a downside volatility of 13%
  • Why “the returns will take care of themselves” if you manage risk correctly
  • Trading trends and not market noise
  • Being on the right side of a trend
  • The phrase “equity-like returns”
  • Reviewing trend following performance in recent years
  • Why Austrup’s strategy is not based on prediction
  • The importance of a broadly diversified portfolio
  • Lack of correlation to traditional long-only equities strategies
  • The current low rate environment

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/

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

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Hope you enjoy my never-ending podcast conversation!