Ep. 605: Mark Kritzman Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 10 November 2017
⏱️ 54 minutes
🧾️ Download transcript
Summary
My guest today is Mark Kritzman, a Senior Lecturer in Finance at the MIT Sloan School of Management, founding Partner and Chief Executive Officer of Windham Capital Management and serves as a senior partner of State Street Associates. Mark has written six books, his latest titled "A Practitioners Guide to Asset Allocation". Mark began his career on Wall Street in 1974 and was immediately drawn toward systematic trading. At a time when there were not many quantitative traders, he was affectionately titled a "token quant" within his company. Over the years Mark has been an advisor to many funds.
The topic is his book A Practitioner's Guide to Asset Allocation.
In this episode of Trend Following Radio we discuss:
- Definition of an asset class
- Actively managed portfolios
- Passively managed portfolios
- Time diversification
- Portfolio diversification
- The fallacy of large numbers
- Leverage
- Value at risk
- Risk management
- Fear and greed
- Risk and reward
- Exposure to risk
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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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 Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.2 | My guest today is Mark Critsman. |
| 0:36.0 | Mark is a senior lecturer in finance at the MIT Sloan School of Management. |
| 0:41.2 | He also happens to be president and chief executive officer at Wyndham Capital Management. |
| 0:47.0 | And also serves as a senior partner at State Street Associates. |
| 0:51.8 | He serves on the boards of the Institute for Quantitative Research and Finance |
| 0:55.5 | and the Investment Fund for Foundations and on the editorial boards of the Emerging Markets Review, |
| 1:02.6 | the Financial Analyst Journal, the Journal of Alternative Investments, the Journal of Asset Management, |
| 1:08.0 | the Journal of Derivatives, and the Journal of Investment Management. |
| 1:12.0 | To his name, Mark has written six books. I love these types of conversations because Mark |
| 1:18.4 | has been around the block. He has seen things. He has met people. He has come along over the last three to four decades |
| 1:30.2 | to give a more unique perspective to all of us than let's say some young guy that only just |
| 1:37.0 | started a few years ago. It's always nice to have the veterans on this show, the people |
| 1:43.8 | that have spent time with the legends, the names that we all recognize. |
| 1:49.5 | And Marcus had a good fortune to spend time with the likes of Peter Bernstein, Paul Samuelson, an interesting career, an interesting perspective, a pure quant. |
| 2:02.0 | I hope you enjoyed this conversation with myself and Mark Critsman. |
| 2:14.5 | Mark, I've got your newest book. |
| 2:17.8 | I dive in, and right at the very beginning, I'm guessing you have some folks on Wall Street |
| 2:26.8 | upset with your definition of what an asset class is. |
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