Ep. 29: Mike Dever Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 2 July 2012

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Mike Dever, an American businessman, futures trader, entrepreneur, and author. Dever is the founder and CEO of Brandywine Asset Management, Inc., an investment management firm founded in 1982.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Being an entrepreneur from an early age and making his first investments in his early 20s
Some of the myths discussed in "Jackass Investing"
How everybody is a market timer
The stigma against investing in futures
Return drivers
The risks you take by being risk averse
The shift in attitudes towards volatility in America
Why strategies based on sound return drivers are so important to his firm and where he's at today

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.
0:27.4	That's my passion.
0:33.5	Today in the show I have Mike Devere, and for those that have been following my show, will realize that Mike was one of my, actually is my first interview on the show I have Mike Devere. And for those that have been following my show,
0:37.7	will realize that Mike was one of my,
0:39.7	actually is my first interview on the show back many months ago.
0:43.5	And I thought it would be great to have Mike back
0:46.6	because Mike has got a world of experience.
0:48.9	And I think what's also interesting about Mike
0:51.2	is not only has he been on the fund management side,
0:53.9	the systematic trading, the trend following side, also an entrepreneur, also an author, his book,
0:59.7	which I highly recommend with the title that you can't forget, jackass investing, don't do it,
1:05.1	profit from it. And there's actually a really cool dude on the back who gave a nice blurb
1:10.6	that happens to have a name very similar to mine.
1:12.9	I'm not so sure if it's actually me though.
1:14.8	But anyways, Mike, thanks for joining me again today.
1:17.4	And I think we'll have plenty of stuff to talk about.
1:21.0	Thanks, Michael.
1:21.7	Appreciate it.
1:22.4	And I'm happy to be back.
1:24.7	So let me get into it a little bit on before we talk about some of the
	...

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