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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.

May 26, 2012

My guest today is Todd Miller, a trader who runs a systematic trend following firm, Availeth Capital, with partner Jim Byers. Availeth is a small fund which was started in February 2011, and Covel relates Miller's start to his chapter in 'The Little Book of Trading' on trader David Druz.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • How Miller got his start working at Fidelity, and how observing the annual returns of one of Fidelity's biggest mutual funds after the tech bubble burst led him to adopting a trend following mindset
  • The path he took that eventually led him to starting Availeth Capital
  • Importance of in-person interaction
  • The issue of survivorship bias
  • How trend following is the only strategy that can take advantage of the uncertainty that is coming
  • How some trend following traders have followed other passions once they've made their billions
  • Covel also discusses his upcoming 10,000 (!) page book, Trend Following Analytics.

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

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Hope you enjoy my never-ending podcast conversation!