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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.

Apr 4, 2012

My guests today are Michael Shannon and Jim Byers.

Shannon, an original Turtle trader trained by Richard Dennis. He was featured in Michael Covel's The Complete TurtleTrader.

Byers is a trader and investor. In the 2006-2008 period, Byers started studying trend following; since then, he's started a fund with his partner, Todd Miller.

The topics are the Turtle story and Trend Following.

In this episode of Trend Following Radio we discuss:

  • Shannon's experience in the Turtle program with Richard Dennis and William Eckhardt
  • Historical insights and anecdotes regarding the legendary Turtle story
  • Shannon's unlikely background
  • The personalities of Dennis and Eckhardt
  • Why Turtles with outsider backgrounds were generally more successful; and whether or not Dennis and Eckhardt were inspired by the film, "Trading Places"
  • How trend following can still be a winning game even if you aren't right the majority of the time
  • More in depth "light bulb" moments that Byers has had since taking up trend following

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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