Ep. 220: Victor Sperandeo Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 730 Ratings
🗓️ 17 March 2014
⏱️ 50 minutes
🧾️ Download transcript
Summary
My guest today is Victor Sperandeo, known as “Trader Vic”, a US trader, index developer, and financial commentator. He serves as the President and CEO of Alpha Financial Technologies, LLC (AFT), is a founding partner of EAM Partners L.P., and serves as the President and CEO of its general partner, EAM Corporation.
The topic is trading.
In this episode of Trend Following Radio we discuss:
- Recent public policy directions
- Trading against your public policy interests
- Zero interest rate policy
- Whether the S&P is a “bribe”
- The Fed mandate to keep stocks from falling and to stop volatility
- The wealth effect
- Why the stock market going up is a very poor instrument to fix the economy
- The trend towards socialism
- Sperandeo’s experience working with George Soros
- Sperandeo’s experience with the DTI index
- lack swans and the effects of large, catastrophic events on the market; why the only way to protect yourself is extreme diversification; volatility balancing; and Sperandeo’s experience as a young man and how he came into the trading world
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 Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.3 | Today in the show I have Victor Sprandio. |
| 0:36.3 | Victor was originally featured in the New Market Wizards. |
| 0:40.1 | Victor has a Wall Street career that spans back to 1966. |
| 0:45.8 | From traitor to historian, to a man with a very strong public policy view. |
| 0:54.6 | Much to be learned. |
| 0:56.2 | Many cool experiences. |
| 0:58.1 | I hope you enjoy. |
| 1:06.2 | Hey, Victor. |
| 1:07.2 | Mike Covell. |
| 1:08.6 | Hi, Mike. |
| 1:09.7 | How are you? |
| 1:10.9 | Okay, good. Thankll. Hi, Mike. How are you? Okay, good. |
| 1:11.7 | Thank you. |
| 1:13.6 | So here's my out-of-the-gate question, and I'm going to try and make it as big as I can. |
| 1:19.6 | You know, if we look back at the dot-com bubble, we look what happened after the dot-com bubble, |
| 1:24.1 | we see the Fed lower rates down, you know, creates another bubble, real estate stocks. |
| 1:31.2 | We see what happens in 2008. |
... |
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