Ep. 1100: Peter Borish Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 8 August 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Peter Borish, the chairman and CEO of Computer Trading Corporation (CTC). He is also a partner in Adam Hoffman's natural gas options trading team at Torsion Technologies, and an advisor to Norbury Partners. Previously, through CTC, Borish was the chief strategist of Quad Group and its affiliated companies. In addition, he helped traders develop a methodology to enhance their performance by serving as a trading coach. He formerly worked at the Federal Reserve Bank of New York, was a founding partner and second-in-command at Tudor Investment Corporation, was chairman of OneChicago, LLC, and was chairman of the non-profits Foundation for the Study of Cycles and The Institute for Financial Markets.

The topic is Markets, trading and everything.

In this episode of Trend Following Radio we discuss:

Post the great recession; how has inflation changed the economy?
Debt
Leverage
The trading perspective
The current state of our monetary and fiscal policies
Risk management is our system today
Today and the 1970s
Perspective on crypto

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, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.5	My guest today is Peter Borish.
0:36.1	Peter is a longtime trader, analyst, former Fed official, all kinds of experience.
0:42.4	I'm proud to say that going back to my beginnings, I consider Peter an early mentor and a continued mentor.
0:52.1	A guy with wisdom, he's willing to share it.
0:55.1	He always speaks openly.
0:56.9	Without any further delay, let's jump right into the fourth conversation I've had on this podcast with Peter Forish.
1:05.4	Music I kind of always view you as with your background and everything, like senior statesman.
1:21.8	And you've seen a lot. A lot of cycles, a lot of generations, a lot of relationships and interesting Rolodex. So I'd like to
1:30.6	keep you evergreen as much as I can. We'll use some of the current examples, but you've got
1:36.0	wisdom that goes beyond whatever's happening this year, which some kid can apply five years from now.
1:41.7	So I think that's important. I'll try and keep you there my level
1:44.6	headed best. Wisdom from having lost money in every imaginable way. That's a very humbling
1:51.3	nature of this business. Yeah, absolutely. That's the teacher, right? There's no greater teacher.
1:56.8	You can read all the books, but when you start losing it, boom. It's an interesting place to start because where are we in the cycle?
2:05.3	Where are we in terms of the engaging of everything that's just stuff?
2:13.5	Whether that's sports betting, whether that's equities, whether that's crypto, others.
2:20.4	To people, it's all just stuff.
2:23.1	The cycle is always the same.
	...

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