Ep. 196: The Abu Dhabi Investment Authority with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 31 December 2013

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue The Abu Dhabi Investment Authority with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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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.
0:12.2	Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings.
0:22.4	I am your host, Michael Covell, not filtered, raw, honest.
0:28.7	That's my passion.
0:35.5	One of the more interesting experiences that I had in 2013 was presenting to the sovereign wealth fund, essentially the government investing arms for government money, for Singapore and Malaysia.
0:52.6	Very interesting.
0:54.3	Mostly value-based guys and gals.
0:58.1	Men and women were equally represented in these boardrooms.
1:01.7	And they wanted to hear about trend following systematic trading, black swans, ways that they could benefit when the inevitable something down happens for the long-only style investors.
1:18.6	Now, one of the most powerful, and you might be saying to yourself, Mike, what does this have to do with me?
1:25.4	I'm just an individual retail investor or I'm a small IRA.
1:29.0	Patience.
1:30.6	One of the more interesting sovereign wealth funds is the Abu Dhabi Investment Authority.
1:37.5	It's the sovereign wealth fund.
1:38.7	It's owned by the Emirate of Abu Dhabi in the UAE, United Arab Emirates.
1:45.0	They have, it's not reported officially, no one really knows for sure, somewhere north of
1:52.0	500 billion in assets.
1:53.7	I've seen ranges over 600 billion.
1:55.4	I've seen ranges over 800 billion.
1:58.2	Now, one of the more interesting things about the Abu Dhabi Investment Authority
2:02.0	is that for decades, they have allocated money given their money to trend following traders
2:09.7	to trade it. They've been doing this for decades. Some of the biggest names that I've talked
	...

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