Ep. 252: Ben Hunt Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 30 June 2014
⏱️ 44 minutes
🧾️ Download transcript
Summary
My guest today is Ben Hunt, the Chief Risk Officer at Salient Partners. Salient is a 19B AUM manager based in Houston, Texas. As Chief Risk Officer, Hunt writes the Epsilon Theory, viewing capital markets through the lenses of game theory and history.
The topic is Epsilon Theory.
In this episode of Trend Following Radio we discuss:
- Power of the crowd watching the crowd
- Game theory
- Having a profound agnosticism about what the future holds
- The difference between risk and uncertainty in the context of game theory
- The Panopticon and the chilling effect of being watched
- The "common knowledge game" and the missionary
- The island of the green-eyed tribe
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, not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.5 | Before I jump into my guest today, I want to put a big thank you out to you, the audience. |
| 0:40.2 | Most recently, on iTunes, two and a half years into my podcast, number five in the investing section, top 10 in the business section. |
| 0:52.1 | Of course, all fame is fleeting, and you never know what's going to |
| 0:56.2 | happen tomorrow. But top five, I will take it. That puts Tim Ferriss, Dave Ramsey, James Altusher, |
| 1:04.9 | the motley fool ahead of me. Behind me. Jim Kramer, |
| 1:11.7 | Susie Ormond, |
| 1:13.2 | Bill Gross at Pemco, |
| 1:15.2 | IBD Radio, |
| 1:17.1 | Wall Street Journal Radio, |
| 1:19.0 | NPR Radio. |
| 1:21.2 | I will take that. |
| 1:24.5 | Mike Covel, |
| 1:26.4 | no distribution behind him. |
| 1:29.8 | Interesting, right? |
| 1:31.2 | Says something about why does this podcast take off? |
| 1:35.6 | It's not just me, of course not. |
| 1:38.7 | It's not just the guests, and they are great. |
| 1:42.8 | It's that it's something different. |
... |
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