Ep. 1180: Paul Mulvaney Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 15 May 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
My guest today is Paul Mulvaney, known as the trend following trader who made over 100 percent in 2008. He graduated from Manchester University in 1985 with a First Class Honours degree in Computer Science & Mathematics. He completed the one-year Management Science program at Imperial College, London in 1986, earning an MSc with Distinction. The focus of his Master's thesis was computerized arbitrage models for interest and exchange rate trading. After university, Paul held posts in derivatives and foreign exchange trading at Midland Montagu, Bankers Trust Company and NatWest Markets before joining Merrill Lynch in September 1993. At Merrill Lynch, he managed several of the firm's major options portfolios, including Global Foreign Exchange Options and Exotic Commodity Options. Paul left Merrill Lynch in 1999 and then founded Mulvaney Capital.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Trading systems
- Trend following strategy
- Writing simulations
- Major trends
Jump in!
---
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 | I first interviewed my guest today in 2005. |
| 0:38.3 | We actually had a little bit of a debate about when this first interview took place. |
| 0:43.3 | He was featured in my book, The Little Book of Trading, which was a nice compact book about trend following. |
| 0:50.3 | Since I have launched this podcast, I've been chasing my guest today. Well, not really |
| 0:57.1 | chasing. I would occasionally ask him, and he would say, nah, I'm too busy doing what I'm doing. |
| 1:02.9 | Actually, he didn't tell me that he was too busy doing what he was doing. That's me just talking, |
| 1:07.5 | but he always politely declined. My guest today had a great year in 2022. He made 90%. |
| 1:13.9 | Folks, most of the world did not make 90% in 2022 as a trend following trader. No great buildup. |
| 1:24.1 | No further delay. Let's jump right into my conversation today with Paul Mulvaney of |
| 1:29.2 | Mulvaney Capital. And just before warned, you're going to notice something with Paul. He is a no-b-s-kind |
| 1:35.7 | guy. I almost want to say Joe Friday from the old Dragnet show, very curt responses. |
| 1:51.8 | Now, you can't see this on this episode, but we actually did video for this, often with a smile on his face. |
| 1:53.6 | Look, when it comes to trend following, it is what it is. |
| 1:57.0 | Paul doesn't beat around the bush. |
| 1:59.1 | I hope you enjoyed this conversation with Paul Mulvaney. |
| 2:10.2 | I got to tell you, you are the, how do I want to say this? |
| 2:15.1 | The hardest trend following man on the planet to reach |
| 2:19.9 | with one of the most interesting track records. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.