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Michael Covel's Trend Following

Ep. 1: Michael Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 13 February 2012

⏱️ 28 minutes

🧾️ Download transcript

Summary

My guest today is Mike Dever, an American businessman, futures trader, entrepreneur, and author. Dever is the founder and CEO of Brandywine Asset Management, Inc., an investment management firm founded in 1982.

The topic is Trend Following.

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!

Transcript

Click on a timestamp to play from that location

0:00.0

This is Trend Following Radio, where great thinking comes alive.

0:10.9

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

0:21.2

I am your host, Michael Covel.

0:24.0

Not filtered, raw, honest.

0:27.4

That's my passion.

0:33.1

And so today, I am really happy to have my first Skype guest, Mike Devere.

0:41.2

Mike has been trading for a while.

0:44.2

He has a little bit of experience.

0:46.7

And I'm not going to attempt to go over all the details of his background.

0:50.2

I'm going to let him tell a few things.

0:53.1

But let's just say that Mike has seen systematic trading for at least a couple decades.

1:00.7

And it's interesting in my world where I've talked to so many systematic guys, so many

1:05.0

trend trading guys in the CTA world, the commodity trading world.

1:09.7

I've not had a chance to spend time with Mike

1:12.7

yet or, you know, really sit down with him. Even though years and years and years ago, I was

1:18.8

sitting at several panels that he would moderate when I was trying to acquire information and

1:23.7

learn how things were done. So anyways, I do want to introduce Mike.

1:28.3

And Mike, I wonder if you could give the audience a little bit of a background

1:32.1

on how you got started and maybe even start with, you know,

1:36.4

take it back to your first trade.

1:39.4

So my first trade was actually in gold call options,

1:43.9

which pretty quickly within a couple

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