Ep. 1138: Hugh Hendry Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 19 December 2022

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Hugh Hendry, a former British hedge fund manager and now podcaster. He was the founding partner and chief investment officer of the now defunct hedge fund firm, Eclectica Asset Management. Despite returning 50 percent in his fund's first calendar year, from the revival in the gold price back in 2003, it was not until 5 years later that he began to attract media attention when his fund achieved a 31.2 percent positive return in 2008 during the depths of the financial crisis, earning him a reputation as a contrarian investor.

The topic is Trading.

In this episode of Trend Following Radio we discuss:

Quant trend following mindset
Trend following positive payoffs
Inflation
GDP growth in China

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, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.5	My guest today is Hugh Hendry.
0:36.1	Hugh made his claim to fame, running a fund for a long time, a fund with a certain
0:42.4	trend persuasion, but not exactly a quant trend-fowing approach.
0:48.0	This is a wide-ranging conversation.
0:50.5	I take Hugh all over the map.
0:52.7	He's the kind of guy that can easily go all over the map, and that's
0:55.3	fun. Because sometimes when you talk to the academics, and don't get me wrong, I love talking to you
1:01.3	academics, but when you talk to the academics, sometimes they're a little stiff. Hugh Hingery,
1:09.8	out of St. Barts, is not a stiff interview.
1:13.5	Without any further delay, let's jump right into my conversation today with Hugh Hingry. By the way, it does seem unusual.
1:31.3	Not unusual, but I looked at the ages.
1:33.7	I'm six months older than you.
1:35.3	So we got these Gen X guys leaving their home countries for tropical destinations.
1:42.0	I'm in Saigon today.
1:43.3	So is there some trend there or is it just me and you?
1:46.1	It's the font of youth. I sacrifice my youth. I had no teenage teen spirit. I had nothing. I just
1:54.5	had a desire to leave, to move on, and having moved on and having attained, whatever, signs out, the little
2:03.2	10-year-old kid inside my head said, it's my turn.
	...

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