Ep. 168: Larry Williams Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 11 October 2013
⏱️ 55 minutes
🧾️ Download transcript
Summary
My guest today is Larry Williams, an American author, stock and commodity trader, and politician from the state of Montana.
The topic is trading.
In this episode of Trend Following Radio we discuss:
- IRS and Congress
- Targeting of individuals and groups by the government
- Facing the government in a court case and negotiating with the IRS
- How Williams approached trading at the beginning, and his motivations to do so
- How growing up in Montana affected Williams personally
- How Williams came to run for Senate and his reasoning for doing so
- The importance of speculation, and the difference between speculation and gambling
- How Williams made the migration from stocks to thinking about futures
- How Williams approached the emotional and money management sides of the equation
- Risk control
- Understanding what kind of system "fits" you best
- The changing condition of markets
- Keeping it simple
- The importance of learning from injury
- How Williams came to his Libertarian mindset
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. |
| 0:27.3 | That's my passion. |
| 0:33.1 | Today on the show I have Larry Williams. |
| 0:36.0 | Larry is a trader and Larry is an author. |
| 0:39.2 | Larry has been in the trading game for a long time, over four decades. |
| 0:46.0 | His name is very well known in almost all trading circles. |
| 0:51.0 | I hope you enjoy this conversation. |
| 0:58.9 | Thank you. I hope you enjoy this conversation. Hey Larry. How are you? |
| 1:01.0 | Pretty good. You're in Singapore? Where are you? |
| 1:03.4 | I'm in Saigon today. |
| 1:05.9 | In Saigon. Oh my gosh. One place I've never been. I always wanted to go there. |
| 1:10.6 | Where are you right now? |
| 1:11.1 | Virgin Islands. |
| 1:12.1 | Virgin Islands. |
| 1:13.3 | You sound FM radio good, considering we're probably about 8,000 miles away. |
| 1:19.0 | It's amazing, isn't it? |
| 1:20.4 | It really is. |
| 1:21.7 | It really is. |
| 1:22.4 | Hey, listen, I want to jump right in because as I was preparing for this interview, I do all my Larry Williams' homework searches |
... |
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