Ep. 151: Eric Wong Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 24 August 2013
⏱️ 46 minutes
🧾️ Download transcript
Summary
My guest today is Eric Wong. Wong established TCG on behalf of his family in 2003 as an asset management and financial advisory firm focused on investments with superior risk adjusted returns that are uncorrelated to major asset classes and advising family office and corporate clients. TCG's Celera division was formed in 2012 to consolidate and spin out the markets, technology, and business infrastructure of TCG.
The topic is entrepreneur.
In this episode of Trend Following Radio we discuss:
- How the rest of the world has a long way to go to understanding how China operates
- The niche that Wong's family office, TCG, occupies in the trading space
- Uncorrelated returns
- The advantages of working for a family office
- The entrepreneurial history of Wong's family
- Trend following data, data points, and the importance of data over a long period of time
- The Sharpe Ratio, and why the rest of the investing world has a problem with rejecting it
- The importance of pain as a measure
- Why Chinese investors are more driven by returns, and often agnostic to particular investment strategies
- Investor optimism
- "Nimbleness" to new ideas in Chinese culture
- Entrepreneurism in Asia and America
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
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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. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.1 | Today on the podcast, I have Eric Wong. |
| 0:36.0 | Eric is with a family office based out of Hong Kong, his family, his family entrepreneurs, |
| 0:41.9 | going back many, many decades. |
| 0:44.0 | And I think their story is quite interesting and how they have moved towards this family |
| 0:49.6 | office investing structure, working with other traders, other types of strategies, all in an effort |
| 0:56.2 | to try and make money during the downtimes, to try and pursue those uncorrelated returns. |
| 1:04.6 | An interesting conversation. |
| 1:06.4 | I hope you enjoy. |
| 1:13.6 | Hey, Eric, how are you? |
| 1:16.6 | Hi, Michael. |
| 1:17.6 | How you doing? |
| 1:18.6 | Not too bad. |
| 1:19.6 | Not too bad. |
| 1:20.6 | So where am I reaching you today? |
| 1:21.6 | Hong Kong? |
| 1:22.6 | Yes, I got back a night before yesterday and settled in more or less. |
| 1:31.2 | Where were you coming from? |
... |
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