Ep. 162: Tim Dyer Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 28 September 2013
⏱️ 35 minutes
🧾️ Download transcript
Summary
My guest today is Tim Dyer, an RIA (Registered Investment Advisor) in La Jolla, CA. Dyer has also seen the brokerage side of the world too, shares insights regarding how these worlds work, and how clients navigate the waters of professional investing advice.
The topic is personal investments.
In this episode of Trend Following Radio we discuss:
- What an RIA does for the average investor
- The difference between trend following fund managers and the RIA world
- The difference between hiring Merrill Lynch and hiring an independent RIA
- Fiduciary suitability
- Black swan protection
- Benchmark issues
- Warren Buffett declaring The Fed as history's greatest hedge fund
- How the Internet might open up the RIA world, and the value of human-based advice in the RIA world
- The disingenuousness of focusing only on the benefits, and failing to see the risks
- Why some might say it "feels like 1999" today
Jump in!
---
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
Click on a timestamp to play from that location
| 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. |
| 0:33.8 | Today on the show I have Tim Dyer. |
| 0:36.7 | Tim is an RIA, a registered investment advisor in La Jolla, California. |
| 0:42.3 | Tim and I have been friends for several years and knew each other when I was living in San Diego, the San Diego area. |
| 0:48.4 | And we always have these conversations about RIAs and products and brokers. And Tim has seen the brokerage side of the |
| 0:59.0 | world. He's seen the RIA side of the world. So this is kind of a conversation with Tim and I |
| 1:04.3 | just sharing some of our insights about how these worlds work and how clients navigate these worlds. An interesting conversation. |
| 1:14.6 | I hope you enjoy. Tim, you are a R-I-A registered investment advisor? |
| 1:27.4 | That's correct. Okay. So for, I want this. RIA registered investment advisor? |
| 1:28.3 | That's correct. |
| 1:28.7 | Okay. |
| 1:35.8 | So for, I want this to just be an educational conversation between you and I. |
| 1:41.7 | So everyone's going to be able to find out about what you do and all more about you and all that kind of stuff. |
| 1:51.0 | But I really want this to be kind of a conversation where we can walk people through this whole process from your perspective. As you are an RIA based in La Jolla, California, La Jolla, for those people that don't know, is a pretty well-off area. |
| 1:58.3 | San Diego in general is a pretty well-off area. I'm not so sure that's necessarily related to our conversation today, but just some context. |
| 2:07.3 | So, Tim, is an RIA. |
| 2:11.2 | Explain to people, and you're not allowed to go sales pitch on me. |
| 2:14.7 | You're not allowed to go academic on me. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.