Apr 4, 2012
Michael Covel interviews original Turtle trader Michael Shannon. In a timeless archival interview given while doing research for his book, The Complete TurtleTrader, Covel talks with Shannon regarding Shannon's experience in the Turtle program with Richard Dennis and William Eckhardt. Shannon offers historical insights and anecdotes regarding the legendary Turtle story. Topics include 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". In the second segment of this podcast Michael interviews trader and investor Jim Byers. In the 2006-2008 period, Byers started studying trend following; since then, he's started a fund with his partner, Todd Miller. Covel and Byers discuss how trend following can still be a winning game even if you aren't right the majority of the time. Further topics include more in depth "light bulb" moments that Byers has had since taking up trend following.