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

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

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

That's my passion.

Today I am in hot and sweaty and humid Virginia.

So I own some property here in Virginia.

Just got back from Vancouver.

Gave a real fun presentation to a very large group there.

And good stuff, good stuff.

So a little more traveling here in about a week,

but had something interesting today that I wanted to pass along.

And it's a clip from Cole Wilcox,

and Cole is in one of the chapters of my little book of trading

and his firm Longboard is in my book and I wanted to pass this clip along so first thing I'm

to do this is an interview that he did with Bloomberg and I'm going to play two clips and play two

clips and then I'm going to talk about both of them. So the first one's about

two minutes and the second clip is about 40 seconds. So let me go ahead and cue up this first clip.

I'm wondering if you could give us an example, maybe even a model portfolio. How would you put

something together?

In the case, our strategy is actually designed to be totally diversified across, so we're not

interested in individual predictions of one way or the other.

I understand that, but I mean, can you tell me what, let's say, if someone came to you today

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