Ep. 1092: Ben Hunt Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 11 July 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Ben Hunt. Ben spent a decade in academia as a Political Science professor at New York University before starting a couple of his own software companies, which he later sold. Ben then decided to conquer financial markets, serving as the Chief Risk Officer and Chief Investment Strategist for Salient, one of the country's top asset management boutiques. Today, Ben is the co-founder and writer for Epsilon Theory, a website, and newsletter that examines markets through the lenses of game theory, history, philosophy, and sociology.

The topic is his article The MacGuffin Part 1.

In this episode of Trend Following Radio we discuss:

The MacGuffin
Terra Luna’s crash and its effects on the crypto world
Securitization of Bitcoin on Wall Street
His perspective on the current financial world
Using trend following strategies
How the FED controls inflation and business cycles

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

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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.
0:33.2	A repeat guest today, Ben Hunt of Epsilon Theory fame. If you've not seen Ben's writing,
0:42.3	you must have been living under a rock for the last handful of years. He comes at the subject
0:48.8	of Wall Street, money, finance, trading markets from a different perspective, he does definitely get me to think.
0:56.3	Today we discuss one of his most recent articles, The McGuffin.
1:01.1	Now, to find out what that is, you will have to listen.
1:04.3	So please, sit back and enjoy Ben Hunt's perspective on the McGuffin.
1:14.6	Hent, it's about Bitcoin, it's about crypto. Please enjoy this conversation.
1:16.6	Ben, I caught this piece from you.
1:31.3	I think it's called The McGuffin.
1:33.2	Part one.
1:34.4	We're going to dive into this, and I think it's going to open up into all kinds of other areas.
1:39.2	Before jumping into that, I want to see if we can find a common ground on perhaps everything since
1:47.3	1999. Let me sum it up this way from my perspective. Nasdaq goes up 100% in 1999. We get the
1:54.8	dot-com crash in early 2000. Nasdaq bottoms out minus 77 percent, fall of 02. We all saw the big short. We know
2:04.5	what happens next. We then get to the March of 2009. Something mysterious happened behind the
2:11.0	scenes and all of a sudden stocks went up. Then we get to March at 2020 and then we've got
2:16.5	COVID. The Fed did some stuff, and
	...

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