Ep. 504: Jim Rickards Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 21 November 2016

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jim Rickards. Jim was front and center during the 1998 LTCM blow-up. He was a partner and general counsel for Long Term Capital Management. Following their blowup, he was principal negotiator in the 1998 bailout of LTCM by the Federal Reserve. He has had a bird’s eye view of some of the most interesting events in the economy over the last 20 years.

The topic is all that is finance.

In this episode of Trend Following Radio we discuss:

Jim talks about the three elements that his model is based on: behavioral finance, complexity theory and inverse probability. He goes into great depth on what all of those models are and gives real life examples for them.

Jump in!

---

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.
0:21.2	I am your host, Michael Covel.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	My guest today is best-selling author, Jim Rickards.
0:37.4	His newest book, The Road to
0:39.6	to Ruin the Global Elites' Secret Plan for the Next Financial Crisis.
0:45.8	I don't think there's any doubt that the topic areas that Jim covers in this book,
0:52.6	this is why Trump was elected.
0:55.8	The people in the United States of America said, we've had enough.
1:02.4	We don't trust what's going on in D.C.
1:04.8	We don't trust anything.
1:07.1	We are willing to roll the dice and we will give this guy Donald Trump a chance.
1:14.5	I have no earthly idea how it will work out with our newest president.
1:19.7	I hope for the best.
1:21.7	But Jim Rickards makes a strong case for why no matter what we are all facing tough times in the future.
1:31.0	I hope you enjoy this conversation with Jim Rickards.
1:42.7	What a fun time to be calling a man who has, in his subtitle, the phrase global elites,
1:50.1	when WikiLeaks has basically proved this concept in spades in the last couple weeks.
1:56.6	You know, it's funny. I started using the phrase elites in my first book, Currency Wars.
2:02.1	A lot of my editors, like, Jim, you've got to back off this elite thing. It sounds too spooky.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.