Ep. 426: Vineer Bhansali Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 22 February 2016
⏱️ 41 minutes
🧾️ Download transcript
Summary
My guest today is Vineer Bhansali, founder and CIO of Long Tail Alpha. Vineer's 29-year investment career started at Citibank, where he founded and managed the Exotic and Hybrid Options Trading Desk. He later joined Salomon Brothers in its Fixed Income Arbitrage Group, followed by the CSFB Proprietary Trading Group. Dr. Bhansali was at PIMCO for 16 years, serving the last eight years as MD and Head of the Quantitative Portfolios Team, which he founded in 2008.
The topic is his journal A Behavioral Perspective on Tail Risk Hedging.
In this episode of Trend Following Radio we discuss:
- Is trend following mean reverting?
- Tail risks
- Tail hedges
- Human behavior and biases
- Importance of a dynamic portfolio
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
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Twitter: @covel
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LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 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. |
| 0:27.3 | That's my passion. |
| 0:33.0 | My guest today is Veneer Bansali, his second appearance on the show. |
| 0:39.2 | He brings a world of experience to the subjects of behavioral finance and tail investing strategies. |
| 0:48.5 | He believes strongly that sustained portfolio performance comes from expecting the unexpected. |
| 0:57.3 | That means hedging both left side or negative tail risks and right side or positive tail |
| 1:05.6 | risks. |
| 1:07.1 | If you are a serious investor, if you are a serious trader, you will always learn something from my guest today. |
| 1:16.0 | I hope you enjoy this conversation with Vinnie Er Bonsali. |
| 1:26.7 | What are you up to these days? |
| 1:28.7 | I've started my own firm. |
| 1:30.4 | It's called Long Tail Alpha. |
| 1:32.7 | The whole thesis behind this new firm is that we are going through a pretty significant inflection point. |
| 1:40.9 | You know, perhaps something that we haven't seen seen 25 or 30 years with various macroeconomic |
| 1:46.5 | changes, the Fed is raising grades after a very long period of time. |
| 1:50.2 | You know, China, you know, about that, oil falling through the cracks, a lot of iniquidity |
| 1:55.5 | in the markets, and then a lot of algorithmic traders participating. |
| 2:01.0 | So that all creates, in my view, a very one-sided type of set of events, |
| 2:06.3 | which are going to be very, quote, unquote, profitable, |
... |
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