Ep. 204: Russell Napier Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 730 Ratings
🗓️ 26 January 2014
⏱️ 22 minutes
🧾️ Download transcript
Summary
My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following.
The topic is his book Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms.
In this episode of Trend Following Radio we discuss:
- Why the average person will never see an interest for their savings again in their lifetime
- How the choice of equities is made for many
- How we’re not really in a free-market capitalistic world
- Why Napier thinks we’re on the eve of a major deflationary period
- How the equity bull market causes people to simply not think (or question).
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 Cobell. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.1 | Today in the show I have Russell Napier. |
| 0:35.7 | Russell is a consultant with CLLSA who had a good fortune |
| 0:39.4 | to speak for last year in 2013 in several cities in Asia. Russell is a global macro strategist. |
| 0:48.0 | He definitely comes at it from a different trading perspective than I do with trend following. |
| 0:53.6 | However, from a big picture |
| 0:56.4 | economic standpoint, I love the fact that he's questioning things. He's saying, hey, this isn't |
| 1:02.2 | okay. It's not okay that we've all ascribed the few men at a few central banks, the few men and a few women at a few central |
| 1:12.2 | banks to somehow or another manage all of the variables in our life, and they will take |
| 1:18.4 | care of the economy. |
| 1:21.6 | Russell's book is called Anatomy of the Bear. |
| 1:24.0 | It's worth checking out. |
| 1:25.9 | I hope you enjoy this conversation. |
| 1:34.0 | Music it's worth checking out. I hope you enjoy this conversation. Hello, Michael. |
| 1:35.1 | Hey, Russell, I think we broke through. |
| 1:38.2 | We finally speak. |
| 1:39.7 | I have to go and find some more quiet, |
| 1:41.4 | which I can speak to it, |
... |
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