Ep. 19: Todd Miller Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 26 May 2012

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Todd Miller, a trader who runs a systematic trend following firm, Availeth Capital, with partner Jim Byers. Availeth is a small fund which was started in February 2011, and Covel relates Miller's start to his chapter in 'The Little Book of Trading' on trader David Druz.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

How Miller got his start working at Fidelity, and how observing the annual returns of one of Fidelity's biggest mutual funds after the tech bubble burst led him to adopting a trend following mindset
The path he took that eventually led him to starting Availeth Capital
Importance of in-person interaction
The issue of survivorship bias
How trend following is the only strategy that can take advantage of the uncertainty that is coming
How some trend following traders have followed other passions once they've made their billions
Covel also discusses his upcoming 10,000 (!) page book, Trend Following Analytics.

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.
0:21.3	I am your host, Michael Coval.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	Today in the show, I have Todd Miller,
0:35.8	and Todd will have to correct me if I'm wrong. You're based
0:38.2	out of Cincinnati, right Todd? That's correct. Okay. And Todd and I have connected in this online
0:45.6	world and best way to describe Todd like any trend following fund manager that's getting out of the
0:53.9	blocks.
0:54.4	I think his firm is about a year or so into a continuous track record.
1:00.3	Todd is at it full time.
1:01.6	His business partner, Jim Byers, is still holding down the day job and adding in.
1:06.3	But I think just a nice story for people to,
1:10.4	and hopefully a good conversation where folks that are
1:12.5	just starting out and folks that are, you know, not yet Tom Basso, but are desiring to get there
1:19.4	and taking a shot at it can learn something. So Todd, I appreciate you for coming on today.
1:25.6	Well, thanks so much, Michael. It's a pleasure to be here.
1:27.9	Appreciate it.
1:28.7	So let me, let me, I'm going to do it kind of a little bit of reverse today and we'll
1:33.4	kind of, we'll come back into some of how you got started.
1:36.7	But you sent me an email a couple days ago that somebody sent you.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.