Ep. 365: Chris Clarke Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 24 July 2015
⏱️ 46 minutes
🧾️ Download transcript
Summary
My guest today is Chris Clarke, ex-Goldman Sachs executive director and founder of Lawrence Clarke Investment Management. Clarke has been developing trading systems for decades.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Trusting the system once you choose it
- Being prepared to trade no matter which way the markets go
- The importance of edge, and why gamblers lose
- Looking at the math behind trading strategies
- Understanding "market truths"
- Drawdowns vs. risks
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 Cobell. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:32.6 | My guest today is Chris Clark of Lawrence Clark Investment Management. |
| 0:38.0 | Chris is X Goldman Sachs executive director. |
| 0:41.7 | He has been designing and testing trend following type trading systems for decades. |
| 0:47.3 | Our conversation is wide-ranging. |
| 0:51.0 | And what I especially love about Chris is his fondness for large absolute returns. |
| 0:59.5 | He definitely admires those trend following traders |
| 1:02.4 | that have come before him, |
| 1:03.9 | that have aimed for the super large returns |
| 1:06.4 | and his newest firm, his newest fund, |
| 1:10.5 | seems to be going in that same direction. |
| 1:13.2 | I hope you enjoy this conversation with Chris Clark. |
| 1:22.8 | Tim Price, he's our introduction. |
| 1:25.8 | You guys have known each other for a while i assume uh i've known |
| 1:29.8 | tim for about it must be must be getting on for about 20 years actually i i worked with his |
| 1:35.4 | brother as well he has a brother who's a who's a proprietary trader at nat west markets where i |
| 1:40.5 | spent a little bit of time and um he introduced me to Tim. And, yeah, I've known Tim very well. |
| 1:44.8 | He's a friend of mine, yeah. |
... |
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