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.

When I first heard about trend following, sometime in the 90s, it made no sense to me.

I could not wrap my arms around it.

How did it work exactly?

The breakthrough for me, the foundation of everything that I've done for 20 plus years,

was performance data.

Proof that trend following worked.

I could look at Dun Capital performance data.

I could look at AHL performance data.

I could look at Larry Height and his firm meant their performance data.

And so on and so on and so on. The performance data of trend following traders that came

before me that probably came before them tells you the story and gives you the proof.

You know, and this actually came up in a conversation that I have coming soon with Paul Mulvaney,

a prominent trend following trader today who talked about how he was inspired by these very traders that came before him.

So in the trend following world, the trend following mindset, the fact that you're not

reinventing the wheel, the fact that you're doing something that's existed for a very long

time, grounded in rules, grounded in behavioral finance, behavioral finance before Daniel Kahneman ever won

the Nobel Prize for it. You have something. Rock solid. Now, where it gets interesting is when

you start to compare. You can compare to Warren Buffett. Warren Buffett's track record is out there. It's a known quantity. You can compare to Warren Buffett. Warren Buffett's track record is out there.

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