Ep. 160: Peter Borish Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 24 September 2013

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Peter Borish, founder, chairman, and CEO of Computer Trading Corporation. He's also a founding board member of the Robin Hood Foundation, one of the great American charities. Borish has seen much in the financial world over several decades and is a wealth of insights.

The topics are charity work, political side of money, and trading side.

In this episode of Trend Following Radio we discuss:

Roots and successes of Borish's charity work
Dealing with the fact that you can't help everybody
Advice to future non-profit workers
The parallels between non-profits and regular businesses
Where things stand today, five years after the 2008 financial crisis
If we're still in an "emergency time" today
Corporate welfare vs. social welfare
The lurking black swan and possible equity bubble
Discussing whether March of 2009 was like July of 1932
The impact of the internet
Borish's book recommendations and early experiences
Taking the emotions out of trading

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.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:32.9	Today on the show I have Peter Borish.
0:35.9	Peter is the founder and chairman, CEO of Computer
0:38.4	Trading Corporation. He is also a founding board member of Robin Hood Foundation, one of the
0:45.0	great American charities. And Peter has seen just about everything there is to see, I think,
0:53.1	in the financial world and is a wealth of
0:56.3	insights. Our conversation today is wide ranging. I think for people that don't get a chance
1:03.0	to meet guys like Peter, this is fun. It's fun to kind of like see how they think, to see how
1:09.7	they started, how they went through things.
1:12.9	And I have to say, Peter was exceptionally kind to me over 15 years ago, just giving me time, giving me insights, just providing an opportunity, an opportunity to even just talk.
1:29.0	And so I think he's a very humble man, very kind man.
1:31.6	And I think this is a great conversation.
1:33.5	I always enjoy talking to Peter, and I always see things from a perspective that I might not have thought about before.
1:42.6	I hope you enjoy.
1:49.6	Thank you. not have thought about before. I hope you enjoy. Well, let me just, let me, let me start with something today, Peter. And I should say that I met
1:54.5	Peter for the first time in spring of 1995. I basically approached him at a conference and he did not know me and he looked at me
2:02.7	like I might possibly be a stalker. That's my first memory of meeting you, Peter.
2:08.0	Well, that's because of how you look. Thank you. Let me jump into something really quick
	...

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