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Michael Covel's Trend Following

Ep. 259: Bucky Isaacson Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6732 Ratings

🗓️ 24 July 2014

⏱️ 43 minutes

🧾️ Download transcript

Summary

My guest today is Bucky Isaacson, one of the early pioneers of managed futures. In 1969, he helped to develop one of the first computerized trading systems. He's been involved in the managed futures industry ever since, particularly in Asia and the US.

The topic is managed futures.

In this episode of Trend Following Radio we discuss:

  • Fractured state of conferences these days
  • What it was like to be involved with a group developing a computerized trading system in 1969
  • Being with one of the earliest incarnations of a managed futures firm
  • Trading attitudes
  • Marketing and doing business in Asia
  • Differences in business practices between Asian countries
  • Refco, MF Global, PFG and other aberrations that have damaged the Chicago futures brand
  • Madoff as a marketer
  • Raising the initial capital to start a trading venture
  • How to differentiate yourself from a marketing perspective
  • Growth in the managed futures industry

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

Click on a timestamp to play from that location

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.

0:32.5

Today in the show, I have Bucky Isaacson.

0:35.1

He is one of the early pioneers of managed futures.

0:38.3

In fact, in 1969, he helped He is one of the early pioneers of managed futures. In fact,

0:43.5

in 1969, he helped to develop one of the first computerized trading systems. He's been involved in the managed futures business ever since, particularly in Asia, and is a prominent

0:48.6

leader in the U.S. futures industry. Bucky brings wisdom. Our conversation today, however, is most likely going to benefit

0:58.3

fund managers, whether new or established. Bucky brings great, great insights if you want to manage

1:08.2

money for other clients. And a caveat, if you listen to our conversation and you have no interest in managing money for other clients,

1:17.8

the way Bucky thinks about marketing and reaching people will help you no matter what,

1:24.6

no matter what your interest is in.

1:29.2

I hope you enjoy this conversation.

1:40.9

You know, it's my perspective. I did. I think I told you we talked a couple weeks ago.

1:45.0

I gave about 40 plus presentations to mutual funds, hedge funds, sovereign wealth funds in Asia last year. And several events, big events, too, but my feeling on all

1:52.1

these events around the word, they're so fractured. You know, it used to be back in the day that

1:56.4

if you went to the Futures Industry Association conference, you would see really quality speakers

2:01.4

giving good info. Now, you're, it's such, you just don't know where to turn. You know,

2:06.9

if somebody isn't getting on a plane, it goes somewhere. It's so splintered to me, it seems like,

2:10.8

except back in the day, in the MFA and the FIA, you really kind of, you knew there was

...

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