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

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

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

Today on the show I have Dan Collins.

Dan was recently named Futures Magazine's new editor-in-chief.

Dan was with Futures for a long time, but now he's basically the main man.

Our conversation was before he was just named Editor-in-Chief, and we both get a little

conspiratorial in our discussion.

I hope you enjoy.

I'm going to jump right in here, Dan, and I've got a predicate that I want to outline that I want you to kind of respond,

take it, run with it. So we essentially were exchanging email and we both were having a similar

thought and you thought, hey, let's have this conversation. So here's the way I see it right now.

I see a world where JP Morgan can be fined billions of dollars for essentially

raping clients. Investment banks can get bailed out. Warren Buffett can get sweetheart deals.

And as long as equities are going up, no one seems to care one iota, at least the masses that maybe don't

know what they're doing, don't care one iota. However, there seems to be for the guys, for the

world, the styles of strategies that you and I have been involved in, which I think are some of the

greatest entrepreneurs, the guys that don't get bailouts,

the guys that are taking the risk, and women too, I shall say. So the people that are taking

the risk that don't get bailouts, that are developing good strategies, and they take their

lumps and they take their wins. But we've got a situation where it seems like, to me, the major news organizations

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