Ep. 1104: Mike Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 22 August 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Mike Dever, an American businessman, futures trader, entrepreneur, author, and the founder and CEO of Brandywine Asset Management, Inc. He has been a trader and an investor for more than 30 years. For over three decades, Dever has managed money for global banks, major corporations, and high-net-worth individuals, who have been attracted to his innovative investment philosophy. His firm, Brandywine Asset Management, has produced top-ranked returns for its clients that are uncorrelated to all conventional investment benchmarks.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

The big commodity bull market
The phenomenal period of the first six months of 2022
Defining risk
Applying the scientific method to investing
Creating a strategy as a risk replacement
Short-term trading and high-frequency trading

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.
0:33.4	My guest today is Mike Devere.
0:35.6	This is his fourth appearance on this podcast. I hope I've got that
0:40.1	right. He was actually the first interview on my trend following podcast, most appreciative
0:46.7	to actually be the person that might trust me in 2012 that it would be okay to come on and talk. Big shout out to Mike for that.
0:58.1	Today in 2022, Mike and I catch up to talk trading, markets, life, a quant perspective, a
1:08.0	quant thinking. If you can't learn something from a guy like Mike Devere,
1:13.5	well, maybe you're already a billionaire. Maybe you've already made it. But for us,
1:17.6	mortals who still want to grab some insights, listen to some of that wisdom for a man who's been
1:23.0	on Wall Street for 40 plus years, Mike brings the goods. I hope you enjoy this conversation.
1:28.2	So, Mike, is a guy who perhaps your trading goes back earlier for your professional career,
1:47.6	your company, Brandywine going back to 1982.
1:52.7	That's what we're looking, four decades of experience in the markets as an investment
1:58.1	professional.
1:59.6	Okay, Mike, give me your best take.
2:03.1	Where are we in 2022?
2:05.5	What should we be thinking about?
2:07.3	This is a big open-ended question.
2:09.6	But where are we right now contrasted to this four decades of experience that you have in
	...

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