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Michael Covel's Trend Following

Ep. 85: Barry Ritholtz Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 29 November 2012

⏱️ 55 minutes

🧾️ Download transcript

Summary

My guest today is Barry Ritholtz, an author, newspaper columnist, blogger, equities analyst, television commentator, and CEO of Fusion IQ. Ritholtz is deep down a quant guy, but brings strong views and opinions. However, he won't sit around and "fight the tape".

The topic is his book Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.

In this episode of Trend Following Radio we discuss:

  • The price of paying attention and why you should be selective in what you watch, read, and listen to
  • The onslaught of political information
  • The insatiable need to consume information and knowing when it's the right time to quarantine yourself from being influenced by someone in particular
  • Ritholtz's views on gold, why attaching your emotional well-being to it is wrong, and how it won't be quite as valuable as most people think in the event of a crisis; cutting your losses short and letting your winners run
  • The real value of intuition
  • How Ritholtz views the world and where we're at right now, societal and economic cycles, and how you can't be a doom and gloomer seeing what's coming down the pipeline in the next generation
  • The importance of not being cash rich and time poor, getting "lost in the screens", and leading a good life instead of always chasing money for its own sake

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

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 Coval.

0:24.0

Not filtered, raw, honest.

0:27.3

That's my passion.

0:33.5

Today on the show, I have Barry Rittholz.

0:36.8

And for those of you not familiar with Barry, he wrote a great book called Bailout Nation.

0:42.4

And his blog is one of the top blogs around, which you can find at writholts.com.

0:49.8

So I'm going to go ahead and jump right in.

0:51.9

And I think you're going to see that Barry and I have had a chance to spend a little time around each other before.

0:57.0

So please excuse our familiarity.

1:05.7

Hello.

1:06.5

Hey, Barry, Mike.

1:08.2

You are right on time.

1:10.1

Well, what the heck?

1:11.0

What do you think I was going to do?

1:12.1

Like, you know, show up late or something or, you know, goof off or...

1:15.9

You're precisely on time.

1:17.9

I mean, you know, I'm calling the Master of the Universe up there in the city.

1:21.2

I can't make you wait.

1:24.3

I am...

1:25.3

We were talking about Sopranos in the office.

...

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