This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

My guest today is Harris Cupperman.

He is the leader of Praetorian Capital, a fund.

Harris is event-driven. He will go where the opportunity is. He will trade just about anything,

as far as my understanding goes. In fact, he calls it a go-anywhere strategy. And for me,

that starts to sound a little trend following

esk, a little price action-esque. But I'm jumping ahead because Harris, like so many of the

traders that I talk to in this podcast, is not exactly a price action 100% trend following

trader. He's not. He's got a combination of styles that are meeting here.

There's some fundamental. There's some value. There's some price action. But he's had some fantastic

performance the last handful of years. A little bit of an Austrian mindset in there. His mindset is

worth paying attention to. Without any further delay from me,

let's jump right into my conversation with Harris Coverman.

So, Harris, I go through your background and I was unfamiliar with you, but I start to see

some of these headlines, event-driven, go where the opportunity is, even the word Ponzi,

willing to trade a Ponzi scheme.

Man, okay, for a guy that's written all these trend following books, they almost

did not have to prepare to talk to you because separated by 8,000 miles and separated by not

knowing each other, I already know there's going to be a lot of commonalities. So it makes for an

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