Ep. 1048: Dan Ferris Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 7 February 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Dan Ferris, the editor of Extreme Value, a monthly investment advisory that focuses on some of the safest and yet most profitable stocks in the market: great businesses trading at steep discounts. Dan joined Stansberry Research in 2000. He became editor of Extreme Value in 2002. His strategy of finding safe, cheap, and profitable stocks has earned him a loyal following – as well as one of the most impressive track records in the industry.

The topic is global macro views.

In this episode of Trend Following Radio we discuss:

Trading Strategy
Cryptocurrency
Coronavirus Statistics
Human Behaviour
The Fed
Human Nature Doesn’t Change
Dan Ferris Motivation

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.
0:33.3	On the show again today is Dan Ferris of Stansbury Research. Dan has appeared on this show,
0:40.7	I think at least two times before. We cover the gamut today, human behavior, COVID, the Fed,
0:49.5	equity markets, liberty, speculative bubbles, meme stocks. we cover lots of territory. But there's a method
0:58.5	to our madness. And ultimately, it is madness. Are we currently in some form of madness? I would say
1:08.2	we are. You'll have to listen to see what Dan's view is, but I would say we're there.
1:12.1	And you've got to be ready for anything and everything because who and blazes knows what's
1:18.0	going to happen next. But the key, and I think Dan agrees with this, you will hear in a second.
1:23.4	The key is you've got to be ready for anything.
1:28.8	Can markets double?
1:29.5	Sure.
1:31.7	Can markets drop by 75%?
1:32.5	Sure.
1:33.9	Are you ready?
1:35.3	Yes, no.
1:36.4	Do you have a strategy?
1:37.5	Yes, no.
1:39.6	That's the thought process.
	...

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