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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.

Nov 28, 2014

My guest today is Ewan Kirk, the head of Cantab Capital and has brought his firm from $30M AUM in 2006 to over $5B today. Kirk employs several strategies but clearly uses a trend following foundation.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • How consistent and predictable profits are the Holy Grail–you’re never going to get there
  • Kirk’s background
  • Why computer programming is “today’s literacy”
  • Standing out from the crowd
  • Trend following in the European scene vs. America
  • Weighting positions based on risk
  • Talking to clients and explaining that losses are statistically inevitable
  • Whether the demand for discretionary traders is waning
  • How discretionary traders look at a trader like Kirk who is 100% systematic
  • Why discretionary intervention in a systematic trading strategy disqualifies it from being truly systematic
  • Proving a strategy as broken rather than proving that it’s right
  • Why randomness is everything
  • Uncertainty and convictions about technique
  • Capturing the realism of the world in your trading strategy
  • What actually benefits the economy, society, and the world
  • Seeking client feedback and understanding a client’s drivers
  • The importance of consistent marginal improvements

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

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!