You magnificent bastard, I read your book!

This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covell.

Not filtered, raw, honest.

That's my passion.

Music filter, raw, honest. That's my passion. You're wondering why your money's all gone. I've got some great examples for you today.

Two fantastic examples. Number one, David Harding appearing on CNBC. I believe this is his

fifth time appearing. Number two, an article from the reformed broker, Josh Brown. The article

titled, Silly Little Bitches. I try to get Josh on, but he's tied up in a contract, so I can't get him on.

But the article was a lot of fun, so I'm going to cover it anyways.

Let me start with David Harding on CNBC, and I will let the interview roll.

We try to study the past to work out how to act in the future, to work out how to act

intelligently in the future.

And we've got a database of, you know, 50 years data on all the world's financial markets, all

the stocks and the bonds and all the financials about them and so on and so forth, and all the futures

markets.

And our scientists, we have 120 scientists in their job, is to look back into that database and ask questions like if we'd done this in the past, would it have worked?

And thereby a big computer program called the Winton system that is like a very elaborate plan for investing over the next 10 to 15 years.

So you kind of know what you're going to do in all circumstances,

and you don't have to respond every day emotionally to what's happening.

Let me interject there and just point out that David just defined trend following.

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