Ep. 63: Darren Kottle Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 27 September 2012

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Darren Kottle, the Chief Investment Officer of Caddo Capital Management LLC, and sub-advisor to an alternative/hedged strategy at Catalyst Funds.

The topic is hedge fund.

In this episode of Trend Following Radio we discuss:

Kottle's early experiences in the market, starting off in a discount stock brokerage
His experiences working with a Nobel laureate Kenneth Arrow at Stanford
The sources of trend following profit
George Soros' concept of reflexivity
The importance and believing in your system to the core
Thoughts on investment banks
The pivot point for Kottle to fully embrace a trend following system
What the Turtle story did for him when he first heard it
Uncertainty vs. being wrong
The percentage of people that truly understand that "it's all reflected in the price"

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 Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.0	Today on the show I have Darren Cottle, and Darren actually reminding me an email had
0:40.5	interworked or connected with me years back on some of my training stuff.
0:44.9	I don't know how much that really played a role in his current success today, but I
0:49.3	thought it was just interesting.
0:50.7	And I think what's going to be nice about Darren's story today is essentially a startup manager just in the last 12 months, his new trend following firm.
1:00.8	But I think there's going to be a lot of experiences along his path to get to the point where he's launching this new firm that I think are going to be educational for everybody listening.
1:10.2	So anyways, Darren, thank you for joining me today.
1:12.9	Thank you, Mike.
1:13.9	Glad to be here.
1:15.3	So let me get started with, where'd you grow up?
1:25.6	I grew up in Shreveport, Louisiana, which is in the northwest corner of Louisiana.
1:32.0	It's practically Texas.
1:36.5	And, you know, I have a lot of admiration for Shreveport.
1:39.9	I tried to give a nod to my Shreveport roots with my firm name and the fact that
1:46.4	Evangeline Fund is the name of the street that I grew up on.
1:51.1	So I have a lot of fond memories of Shreveport.
1:54.5	And it was essentially an oil town.
1:58.5	A lot of oil operators, a lot of business people that were involved in the oil
	...

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