Ep. 328: Robert Seawright Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 20 March 2015
⏱️ 39 minutes
🧾️ Download transcript
Summary
My guest today is Robert Seawright, the Chief Investment & Information Officer for Madison Avenue Securities, a boutique broker-dealer and investment advisory firm headquartered in San Diego, California. Seawright is also a columnist for Research magazine, a Contributing Editor at Portfolioist as well as a contributor to the Financial Times, The Big Picture, The Wall Street Journal's MarketWatch, Pragmatic Capitalism, and ThinkAdvisor.
The topic is his blog A New Kind Of Investment Outlook.
In this episode of Trend Following Radio we discuss:
- How Seawright was able to put together this blog piece
- Perfection and prediction
- Bias blindness
- Volatility vs. risk
- Separating your politics from your investing
- Financial media as entertainment
- Whether Seawright encountered any pushback after putting out his article
- Letting go of the high leverage idea
- Why the more we trade
- The worse we do
- Nobel laureate David Baltimore
- Adversarial collaboration
Jump in!
---
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. |
| 0:21.1 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.5 | I caught this really cool blog post. |
| 0:36.7 | It was titled A New Kind of Investment Outlook. |
| 0:40.8 | One of those start the year type outlooks. |
| 0:43.8 | Now from these things you typically expect, as we all know, predictions, forecasts, |
| 0:50.2 | this is what's going to happen over the course of the year. |
| 0:52.4 | Let me tell you all about it. |
| 0:55.0 | Well, this piece did not go that way. It talks about no prediction. It talks about analysts getting |
| 1:02.5 | everything wrong. It outlines how forecasts just don't work. It talks about skill versus luck. |
| 1:13.8 | And it gets at the root issue, which is what we can really control and what we can |
| 1:17.2 | control to some degree is eliminating our mistakes. |
| 1:21.3 | Now, that's not sexy sounding. |
| 1:22.9 | That's not the 2015 predictions to follow. |
| 1:27.0 | Eliminate your mistakes. |
| 1:29.7 | That generally doesn't get a lot of attention. |
| 1:32.8 | But that's the key stuff. |
| 1:34.8 | That's the most important stuff. |
| 1:36.4 | But you know what? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.