Ep. 498: Norton Reamer Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 31 October 2016

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Norton Reamer, the former Chief Investment Officer and CEO of Putnam Investments. He also founded and ran United Asset Management for 20 years. He has 50 years of experience on Wall Street. Today, Michael and Norton talk about his new book, “Investment: A History.” It is a detailed anthology on investment.

The topic is his book Investment: A History.

In this episode of Trend Following Radio we discuss:

Personal responsibility in the stock market
The role of financial leverage
Resource allocation
The suspension of diligence during economic booms
Efficient markets vs. Behavioral markets
Warren Buffett and survivorship bias
Tail risk
Quant and momentum style trading
Practicing caution in the markets
What impact does interest rates have on the value of assets

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

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0:00.0	A big thank you to all of my listeners.
0:03.5	And if you would like to support this transmission, even more, and boost your trading account,
0:09.6	go to trendfollowing.com slash now.
0:16.5	And without any further delay, on to today's show.
0:29.9	This is Trend Following Radio, where great thinking comes alive.
0:36.2	Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings.
0:40.9	I am your host, Michael Covel, not filtered, raw, honest.
0:47.1	That's my passion.
0:53.2	My guest today is Norton Riemer. He is the former chief investment officer and CEO of Putnam
0:59.4	Investments. He also founded for 20 years and ran United Asset Management. 50 years of experience
1:08.8	on the street, Norton brings a wealth of insights.
1:13.6	Today we discuss his new book, Investment, A History from Columbia Business School.
1:19.6	A great read, a really, really detailed anthology of investment, literally going back 2,000 years.
1:29.3	Again, I'm very lucky to have Norton on my show today, and he's 80-plus years young, sharp as a tack.
1:35.6	I can only hope I can get to that point.
1:39.4	I hope you enjoyed this conversation with Norton Reamer.
1:57.8	You want people to know, and we are at a point in time now today where investment really is for everyone.
1:59.4	However, you do point out that, yes, we need the regulation.
2:04.0	You know, we don't want more made-offs, but you're very clear on your personal responsibility message,
2:10.5	meaning, you know, there's diversification might be a free lunch,
2:13.9	but it's still going to start with you getting an education. Absolutely. That was not
2:20.2	how I started this project, but it certainly is the way I finished it in the sense that as we
	...

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