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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.

Aug 24, 2013

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:

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