Trend Following with Michael Covel
Bestselling author Michael Covel is the host of Trend Following Radio with 8+ million listens. Investments, economics, decision-making, human behavior & entrepreneurship--all passionately explored. Guests include Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. Also: 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. All 800+ eps at

Michael covers several disparate topics and brings them together into a basic trend following message about thinking clearly. First, Michael discusses former Lehmen Brothers veterans starting a "systematic innovative volatility fund". Michael cuts through the jargon and gets down to the core issue: at the end of the day, a trend following strategy has to be clear, and this one sounds confusing. Michael also discusses a newsletter from Hugh Hendry, although technically a fundamental trader, Michael brings up how Hendry might indeed be a "closet" trend following trader. Hendry's core ideas are important to trend following philosophy, such as taking control of your own destiny, and the belief that the unexpected will happen. "You're on your own, you must take ownership of your own destiny". Next, Michael talks about pain and how the latest Jack White single might give some insight into the pain you can find yourself in if you don't have clear thinking (a plan). Special Offer: receive free DVD delivered to your home or office:

Direct download: TrendFollowingManifesto050112.mp3
Category:general -- posted at: 4:27pm EDT