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 Marston Parker.

Marston is a market wizard.

He was featured in Jack Schwager's unknown market wizards.

Even though I had Jack on this podcast to discuss that book, I did not recall Marston's

name.

If somebody wants to beat me over the head for that, feel free.

This podcast has got more than a few episodes.

However, I am connected to the world, and my friend, Raphael Wilhelm, out of Switzerland,

said, hey, you need to interview Marston.

Raphael connected us, and today you get to listen to my conversation with Marston Parker.

I hope you enjoy this wide-ranging conversation, all about system testing and the system mindset.

My first thought, maybe it will be considered controversial. I started to think back to the 90s. I used to see these events that were held. Usually it was the Futures Industry Association,

and they would have these events in Chicago. And I have some cassette tapes from these events with some great traders on these cassette tapes. The premise was pitting discretionary traders

versus systematic traders. Back in the day, I was like, how do I know? I don't know anything, right?

I'm just listening to all these smart folks.

As time has gone on, and I've had a chance to meet a lot of people and hear a lot of stories, I think back to people like

Sikoda, who may have been doing punch cards in the late 60s, the worst case, early 70s, Bill Dreis right there with him, Bill Dunn right there with him,

Richard Dennis right there with him, all four of those men using computing technology in the 70s,

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