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

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

I am your host, Michael Covel.

Not filtered, raw, honest.

That's my passion.

A quick reminder.

My newest book, Trend Following, How to Make a Fortune in Up, Down, and Black Swan

Markets. Available, finally, an audiobook format. 34 hours. You can literally drive across America

and listen to one thing.

Now, you might go crazy doing that, but still, the point is, it's out.

Finally, easily found at Amazon, Audible, all of the usual suspects.

My guest today is Steve Burns. Steve is an author, a trading author. Specifically,

Steve has worked very hard over the years to help brand new traders understand some of the subjects that are near and dear to my heart. And if you ever wanted to see someone in action,

start from scratch, start from nothing, become an author, have 70,000 plus Twitter followers

and make a dent in the consciousness, make a dent in the trading consciousness.

Steve Burns has done a great job.

I hope you enjoy this conversation.

I had a call recently with a very, very, very well-known finance professor.

He happens to share the belief that markets are not efficient.

I think it's a belief that you happen to share. I know I share it.

We had this great conversation, kind of going down all these different directions.

And I wasn't asking him a prediction question, and he wasn't about to give one. That's not what he does. But I was asking him, given that we're, let's see, March of 2009 and we're now, you know, late, middle, the middle of 2017, we've had a long equity, U.S. equities bull.

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