Ep. 355: Ed Seykota Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 19 June 2015
⏱️ 55 minutes
🧾️ Download transcript
Summary
My guest today is Ed Seykota, a commodities trader, who earned S.B. degrees in Electrical Engineering from MIT and Management from the MIT Sloan School of Management, both in 1969. In 1970 he pioneered Systems trading by using early punched card computers to test ideas on trading the markets. Originally profiled in the classic book 'The Market Wizards', Seykota has played a pivotal role in the growth of trend following trading for 40 years.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Govopoly
- Trading Tribe
- Trend Following
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. |
| 0:21.1 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.1 | My guest today is Ed Seikoda. |
| 0:36.7 | Ed is affectionately titled by me, |
| 0:40.3 | A Living Legend. |
| 0:41.8 | And even if no one else knew who Ed was, |
| 0:46.6 | I would call him that. |
| 0:49.2 | Not from any kind of a hero worship standpoint or anything like that. |
| 0:54.0 | But early on in my career, |
| 0:57.0 | Ed influenced me. He got me thinking clearly. If you ever see me picking apart arguments, |
| 1:07.0 | starting debates, and perhaps you fixate on the emotional component of the debate, |
| 1:14.0 | and you don't look at the facts and you don't look at the logic. |
| 1:18.1 | That's what I learned from Ed. |
| 1:20.9 | Put aside the emotion. |
| 1:23.4 | Let people get all hot and bothered. |
| 1:25.2 | Let them get all worked up. |
| 1:26.9 | And then calmly, coolly, break everything into its component parts |
| 1:34.3 | and try and move things along a process that gets to a good answer. |
| 1:41.8 | Maybe there's not a perfect answer. |
... |
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