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Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ 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.

Praise:

“Your questions were excellent questions. I enjoyed this very much.”

--Vernon Smith, Nobel Prize in Economics

“You’ve surrounded yourself with one of the most advanced group of mentors possible…The people on your podcasts, and people in your life, all are people with strong opinions, all people that make you think and make you grow. You just have some kind of an affinity for people like that, and that’s part of what makes you good at what you do.”

--Ed Seykota

“Michael Covel’s podcast has had over [9.5] million listeners and he’s completed [900+] episodes. He’s probably the most established podcaster on this list—and it shows. Mr. Covel’s podcast is great for those looking for alternative views on the market, those who are tired of hearing the same old stories told on CBNC and other traditional outlets. This is highly recommended if you are looking to expand your mind in investing. Mr. Covel has had some incredible guests, to include multiple Nobel Prize winners and world-famous investors. One of my favorite episodes was when Mr. Covel interviewed Annie Duke, a former professional poker player who has some incredible insights on decision making. Mr. Covel always has me thinking and Annie Duke only amplified my brain-wave activity.”

--Wall Street Journal

May 11, 2018

Philip Maymin is an Associate Professor of Analytics and Finance at the University of Bridgeport Trefz School of Business. He is the managing editor of Algorithmic Finance and the co-editor-in-chief of the Journal of Sports Analytics. He has been an analytics consultant with several NBA teams and is the Chief Analytics Officer for Vantage Sports.

Philip brings the perspective of “Moneyball” to basketball. The Celtics, for example, have done a great job of putting players in positions that play to their strengths. They do this by analyzing the data of their players better than most other teams. High frequency data is in sports now, not just in trading. There are cameras in every professional basketball arena that produce play by play data showing summary statistics that coaching staff and in some instances, the public, can see.

Teams are producing models for how each player moves in combination with the other players on the court. The two most basic questions you ask of a player is “What does he do really well?” And “What does he do often?” Sometimes what players do often, doesn’t correlate to what they do well. Philip also discusses outlier players like Marcus Smart. He doesn’t have amazing scoring stats, blocking stats or anything else particularly extraordinary, yet when he is on the court, his team has a dramatically higher chance of winning.

How could we start going down the path of using data to create and put a team together? The myth is that GM’s are brilliant and have foresight on who to draft. If that were the case wouldn’t they be making dramatically more money? Also, how are they making decisions? GM’s mostly rely on their gut. Philip believes that EVERYTHING should be put in a system. If you take scouts opinions, analytics, GM’s opinions, etc. and put it all in a soup then you are just trading off your gut. You have essentially de-systematized the system.