Ep. 130: Dan Collins Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 15 June 2013

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Dan Collins, a senior producer for CBS News.com. Previously, he was a New York correspondent for U.S. News & World Report and a reporter for the New York Daily News.

The topic is the article Quant Hedge Funds Hit By US Bonds Sell-Off.

In this episode of Trend Following Radio we discuss:

Why trend followers are speculators rather than investors
Why the Financial Times article showed a misunderstanding of trend following in general
Headlines and what drives them
Equity-centric writers
Why long term trend following is disrespected and why there is a bias towards higher frequency, shorter term traders
Why keeping it simple is a good strategy
Fees in the managed futures and options industry
"Volatility value trading"
"Style drift"
Why quality trend following traders under the umbrella of "managed futures" allow some lesser strategies to "free ride" on their success
Different time horizons in trend following
Why trend following is declared "dead" so often

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 Covel, not filtered, raw, honest.
0:27.3	That's my passion.
0:33.8	Today in the show I have Dan Collins, and Dan is formerly managing editor of Futures Magazine for,
0:41.4	he's with Futures Magazine for over a decade, but he's a wealth of information, a wealth of insights.
0:47.9	We had a few little technical things here on our call, but I think they're all going to be fixed up.
0:53.7	Dan is in Chicago. I'm in Saigon, but I think they're all going to be fixed up. Dan is in Chicago.
0:54.9	I'm in Saigon, but pretty fun conversation.
0:58.7	A lot of little interesting tidbits in there, and I think for those that have their
1:01.7	eyes wide open, I think you're going to find there's some really good confirmations in
1:07.3	this conversation and some eye-openeres about the way some of the trading world really works.
1:13.3	So once again, this is Dan Collins.
1:23.5	Dan, the reason I wanted to chat today was you put this interesting article out on your
1:29.4	website and you were commenting on a story in the Financial Times called Quant Hedge
1:35.2	Funds Hit by U.S. bonds sell-off.
1:37.6	And I think there might be a little bit of some grist here that you and I can play with.
1:42.4	But why do you kind of just start with the
1:44.4	Financial Times article and what kind of grabbed your attention? Well, what grabbed my
1:49.4	attention and I kind of put it out there as a rebuttal, but it really wasn't a rebuttal.
1:54.0	And it wasn't that bad of an article. They just pointed out that these people got hurt.
2:00.2	And as someone who followed, you know, friend followers like
	...

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