This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

My guest today is Lawrence McMillan.

Larry has been managing money, educating professional investors, and providing insights and

analytical tools to self-directed traders for over 20 years.

He's been in the biz for decades more.

Larry is the original, or shall I say one of the original, I'm sure some would argue the original,

options education pioneer.

He is instrumental in helping so many people over the decades to understand the vehicle of options.

So for all of you out there that think, I only discuss trend following, come on,

I will go for any interesting topic on this podcast.

Our conversation jumps right into where he is talking about his past experience with Bell Labs.

I hope you enjoy this conversation with Larry McMillan.

So you're at Bell Labs, and for those people that don't know about Bell Labs, I mean, this is, you know, a lot of famous insights came out of there from the Kelly Criteria.

Claude Shannon was there. So a lot of brilliant people out of Bell Labs, right?

Mm-hmm. Yeah. So what do you talk about? So you mentioned, you say, you know, you say, well, I, you know, I had access to a

computer and that list you know at that point in time in history, you're sitting there

crunching this brand new options valuation model and you're using this technology.

I don't want the audience to think this is something where there was a lot of people doing this.

There had to have been a fairly small minority of people at that point in time with the computing power access

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