Ep. 24: Tony Bazile Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 12 June 2012
⏱️ 57 minutes
🧾️ Download transcript
Summary
My guest today is Tony Bazile of Intrinsic Capital Management, a trend following trader specializing in stocks. He was a professional water skier back into his 20s.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Bazile's background
- Dealing with the sheer volume of information on individual stocks
- How trend following is the strategy, not the instrument
- Traces the lineage from Richard Dennis to Jerry Parker to Salem Abraham, and from John W. Henry to Ken Tropin to Tony Bazile
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. |
| 0:21.3 | I am your host, Michael Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.5 | There's no earthly way of knowing which direction we are going. |
| 0:36.7 | There's no knowing where we're rowing or which way the river's flowing. Is it raining? Is it snowing? Is a hurricane a blowing? Not a speck of light is showing. So the danger must be growing. Are the fires of hell of glowing? Is the grizzly reaper mowing? Yes, the danger must be growing because the rowers keep on rowing. And they're certainly not showing any signs that they are slowing. |
| 0:57.2 | That's not half bad for first read through. |
| 0:57.7 | You know what I mean? |
| 1:01.4 | That is from the original Willie Wonk in the Chocolate Factory. |
| 1:08.3 | And I think Gene Wilder is, he's on that boat and he's screaming that like a maniacal person. |
| 1:09.5 | But you'd have to go back and reread it. So before I introduce my interview today with Tony Bezill, a trader who specializes |
| 1:18.5 | in trend following on stocks, I wanted to make a little announcement because I just got |
| 1:22.4 | word today from my editor at Wiley of this nice article that appeared from my new girlfriend, Pauline |
| 1:30.6 | Skypeala, I believe is her name. And she writes for the Financial Times and she has written an article. |
| 1:35.7 | It's a review of my little book of trading and I'm so excited because, hey, it just allows the |
| 1:40.3 | discussion and the debate to get going. And it's called Secrets of Winning Systems |
| 1:44.2 | remain hidden. Let me just read the first paragraph, because I think this will give you an idea |
| 1:48.4 | of where it's going, says, quote, homespun investment wisdom does not come much cheesier than the |
| 1:53.9 | Wipsaw song available on YouTube, sung to a bluegrass tune and imparts the trading philosophy of |
| 1:58.9 | Ed Sikota, who is regularly described as a legendary trend-filing trader. |
| 2:02.7 | His advice is simple. Ride your winners, cut your losses, manage your risk, use stops, stick to the system, file, i.e., ignore the news. |
... |
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