Ep. 121: Jason Russell Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 10 May 2013
⏱️ 43 minutes
🧾️ Download transcript
Summary
My guest today is Jason Russell, the President and CIO of Acorn Global Investments in Canada. Russell brings a unique perspective to the show with a very clear strategy on how his firm makes money for their clients.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Russell's background and how he came to form Acorn Global Investments
- Russell's strategy for Acorn and "the baker analogy"
- The idea of "winners stay, losers go"
- Showing his investors every position that Russell has
- How the terms "commodity trading adviser", "trend follower", "quantitative trading" don't exactly describe what many traders do
- Ed Seykota and the "trading tribe"
- Letting go of "why" and simply riding out trends
- Where strategies like Russell's fit in the context of a portfolio
- The importance of delivering uncorrelated results to the S&P 500
- Drawdowns and the psychological effect of going through one alone, uncorrelated to other markets
- How there's nothing more important than risk management
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 Cobell. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.7 | Hey, Mike. |
| 0:35.2 | Hey. |
| 0:36.5 | How are you? |
| 0:37.9 | Not too bad. Long time. No chat. |
| 0:40.6 | I know. It's been far too long. I keep forgetting. You're over in Saigon now. How are you enjoying that? |
| 0:47.4 | Saigon has been one of the stops. I'm currently in Thailand, so next is Bali. |
| 0:54.6 | And after that, I'm really not sure. |
| 0:56.1 | We'll see. |
| 0:57.8 | So how long have you been doing this tour? |
| 1:00.7 | I've been here since February 1st. |
| 1:02.9 | Okay. |
| 1:03.7 | Okay. |
| 1:04.2 | Nice. |
| 1:05.1 | Yeah. |
| 1:05.5 | So what's you learning? |
| 1:07.4 | I'm learning that I don't know much about world history, |
| 1:11.2 | even though I actually like to think of myself as knowing something. |
... |
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