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Bestselling author Michael Covel is the host of Trend Following Radio with 10+ 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.

Mar 17, 2014

Michael Covel speaks with Victor Sperandeo. Sperandeo was originally featured in The New Market Wizards by Jack Schwager and has a Wall Street career that spans back to 1966. From trader, to historian, to a man with very strong public policy opinions, Sperandeo comes to the podcast to discuss his career and views with Covel. Sperandeo and Covel discuss recent public policy directions; trading against your public policy interests; zero interest rate policy; whether the S&P is a “bribe”; the Fed mandate to keep stocks from falling and to stop volatility; the wealth effect; why the stock market going up is a very poor instrument to fix the economy; the trend towards socialism; Sperandeo’s experience working with George Soros; Sperandeo’s experience with the DTI index; black swans and the effects of large, catastrophic events on the market; why the only way to protect yourself is extreme diversification; volatility balancing; and Sperandeo’s experience as a young man and how he came into the trading world. Want a free trend following DVD? Go to trendfollowing.com/win.

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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!