Ep. 214: Trend Following Winners, Daniel Kahneman, and Tina Turner with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 26 February 2014

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue Trend Following Winners, Daniel Kahneman, and Tina Turner 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

Click on a timestamp to play from that location

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. I am your host, Michael Covell,
0:24.6	not filtered, raw, honest. That's my passion. Today I want to jump into something I find interesting.
0:41.0	I'm looking at a profile of a very accomplished trend following trader, a written profile,
0:49.0	discussing the firm's history and key features.
0:59.0	I'm not going to mention that by name, it will be obvious to those that follow the trend following world, but the name for the reason I'm doing this
1:04.7	particular podcast isn't as important. Of course, it's important and and we'll be on the podcast soon, but I just wanted
1:14.5	to talk about some key features in this profile. Number one, location and dependence.
1:23.4	When this trader started his firm in the 1970s, he was in the Washington, D.C. area.
1:31.4	He wanted to move.
1:34.0	He didn't want to run his new money management firm in the Washington, D.C. area.
1:40.0	Having grown up in that area, I can understand why.
1:44.1	He moved south.
1:45.9	He moved to a nice, sunny, warmer climate on the water.
1:50.5	And has been there ever since.
1:53.6	Location Independence.
1:56.6	Today, a billion-plus dollar firm, same location since the 1970s.
2:05.4	Now, are you sitting back and you say to yourself, I must be in New York, I must be in London, I must be in Tokyo.
2:13.4	Well, actually, from a trading perspective, no, you can be anywhere.
2:18.1	Number two, their approach and philosophy has remained consistent.
2:25.1	Quantitative models that profit from major trends in up or down markets
2:30.5	and avoid losses by exiting losing trades within days.
	...

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