Trend Following with Michael Covel

Michael Covel is president of Trend Following, a privately owned research firm with clients in more than 70 countries. He is the four-time bestselling author of The Little Book of Trading, Trend Commandments, The Complete TurtleTrader, and the classic Trend Following. His books have been translated into 10+ languages and Trend Following was named best trading book of the last 15 years. His first film, a documentary, is Broke: The New American Dream.
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Oct 9, 2012 0

Michael Covel talks with Mark Shore, a trader and educator whose main area of expertise is managed futures. Shore has an MBA from the University of Chicago, was the former head of risk at Octane Research (over a billion AUM), was the former COO of VK Capital (a subsidiary of Morgan Stanley), and now is an adjunct professor at DePaul University teaching the only accredited course on managed futures in the country. Covel talks to Shore about Shore's experience in getting the "a-ha" moments out of his students when teaching managed futures, and how he brings his students into the world of managed futures; how and why those working in the CTA/managed futures/trend following space have a firm grasp on risk management that exceeds the understanding of competitors (i.e. mutual funds); how the term "managed futures" (which refers to the instrument and not the strategy) might be problematic; skewness; drawdowns; why managed futures performance is famous for doing extremely well when chaos unfurls; why the majority of the mutual fund industry hasn't adopted CTA strategies; the issue of survivorship bias; why certain people can't wrap their arms around strategies not based on fundamental analysis; Shore's paper, "Decoding The Myths of Managed Futures"; the emotional elements of trading; and others experiences while working at VK Capital. Would you like a special DVD sent along for free? Go: www.trendfollowing.com/free.html.

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