Ep. 512: Tim Price Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 19 December 2016

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Tim Price. He has worked in capital markets for over 25 years across three management firms. A graduate of Christ Church, Oxford, he spent a decade as a bond specialist before going on to serve as Chief Investment Officer at three separate wealth management firms. Tim has been shortlisted for five successive years in the UK Private Asset Managers Awards programme and was a winner in 2005 in the category of Defensive Investing. He is now manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. Tim also writes regularly for MoneyWeek magazine and The Spectator.

The topic is his book Investing Through the Looking Glass: A Rational Guide to Irrational Financial Markets.

In this episode of Trend Following Radio we discuss:

Trusting central planners
Going against the establishment
Banking system
Owning gold
Lehman Brothers collapse
2008 bubble
The Brexit and Trump narrative

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	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 Coval.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	My guest today is a defender of liberty.
0:37.5	Tim Price.
0:38.7	He's worked in capital markets for 25 years.
0:41.2	He's been with three wealth management firms.
0:44.3	He's appeared in this podcast before.
0:47.6	His newest book, his first book, investing through the looking glass.
0:53.6	Tim covers a lot of territory in this work.
0:56.8	It's worth your consideration.
0:58.8	I hope you enjoy our conversation where we dig in today.
1:29.0	So Tim, big news. I guess not necessarily any bigger than what happened in the UK a few months back, but I'm starting to see a trend line here. The data points are forming. I see something this Brexit. I see I see Trump. Are there more data points ahead?
1:34.6	Quite possibly. I mean, I think you're right. There's a slightly lazy connection being made between Brexit and Trump as if they're basically 100% identical. And I don't think that's the case.
1:40.1	But I think many of the implications are quite similar. There is a relevance to the point I'm going to make, and it's probably going to sound a bit pretentious.
1:47.2	But there's a book that I came across, I think it was written about three or four years ago,
1:52.0	and I dare say you've read it called Sapiens by Yuval Harari.
1:56.1	Okay, so if you haven't read it, I'll sort of give the spoiler, at least the takeaway as I got from the book.
2:01.8	And he's just come out with a sequel called Homo Deus, which has just been released in the last
2:05.9	few months. But this is a best-selling author. And the takeaway from Sapiens is, what he
	...

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