Ep. 330: Nigol Koulajian Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 27 March 2015
⏱️ 45 minutes
🧾️ Download transcript
Summary
My guest today is Nigol Koulajian, the Founder and Chief Investment Officer of Quest Partners LLC. He has been designing and trading short-term and long-term technical systems for over 22 years.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Trend following performance in 2014
- Volatility vs. skew
- Why having a good Sharpe Ratio is not the be-all-end-all
- The notion that alpha in the CTA world is not a result of skill
- Correlation between tail risk and the Sharpe Ratio
- Central bank action and the Swiss Franc
- Why trend following may not be as good in equity market corrections now as it has been in the past
- Why trend following is not about the super-complicated mathematics
- Getting outsiders to understand drawdowns
- Emotional intelligence vs. intellectual intelligence
- Media bias against trend following
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. |
| 0:27.4 | That's my passion. |
| 0:32.9 | A quick reminder before I get into this podcast. |
| 0:37.7 | If you like this podcast, go on to iTunes and say something. |
| 0:43.3 | What do I mean? |
| 0:44.3 | Go write a review on iTunes. |
| 0:45.9 | Come on, these reviews help the process. |
| 0:48.4 | It gets more eyeballs. |
| 0:49.8 | It gets more rank. |
| 0:50.8 | It allows me to keep asking really smart people to come on and talk with me. |
| 0:56.6 | So your reviews, good or bad? I mean, you can go say all kinds of praiseworthy things on iTunes. |
| 1:03.2 | You can rip me a new one. But go on to iTunes and write a review. And the short URL to get you there is www.covel.com forward slash iTunes. |
| 1:15.5 | That's Covel C-O-V-E-L.com forward slash iTunes. |
| 1:20.8 | We'll take you right to my iTunes page. |
| 1:23.1 | You can write a review for your time and toil. |
| 1:26.6 | I will send you a free DVD of trend following extras. |
| 1:29.9 | Just drop me your address. |
| 1:31.1 | My email address is real simple. |
| 1:33.1 | My first name at my last name, Michael at covel.com. |
... |
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.