Ep. 89: Tadas Viskanta Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 14 December 2012

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Tadas Viskanta, the founder and editor of the Abnormal Returns blog and a private investor with 20-plus years of experience. Viskanta calls his blog a "forecast free investment blog".

The topic is his book Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.

In this episode of Trend Following Radio we discuss:

Investment philosophies and strategies to the challenges authors and bloggers face in the world today
Disadvantage given to those who follow the constant data stream from the media
Why Viskanta felt the need to write "Abnormal Returns", and the strategy and style behind it
The phrase "abnormal returns" and trying to measure returns over and above the risk taken
Underperforming
Preparing for abrupt change in the markets
Viskanta's move from value investing to a more systematic strategy--and Covel's early experiences with value investing material
Now that so many global barriers are easy to cross, why so many people have "home bias" and difficulty placing global investments
Why people still look at the markets with rose colored lenses and so easily forget the bubbles of the past
The behavior gap
Why having a suboptimal strategy that you can follow in a systematic way is better than having no strategy at all
The ramifications of instant feedback in the blogosphere
Why you need a burning desire to be an author today

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 Covel, not filtered, raw, honest.
0:27.3	That's my passion.
0:33.1	Today on the podcast, I have Tadas Visconta.
0:36.4	He's the founder and editor of Abnormal Returns.
0:39.9	Private investor, 20 years of experience plus, and his newest book, his first big book,
0:48.7	Abnormal Returns, winning strategies from the front lines of the investment blogosphere.
0:54.5	And I think, and I mentioned this at the end of our podcast,
0:56.7	but I love the fact that Tadas calls his blog a forecast-free investment blog.
1:04.0	Without further ado, Tadus Viscontah. Hello.
1:16.0	Hey, good morning.
1:17.2	Good morning.
1:18.7	So I have to ask before you get rolling here, I want to make sure I've got a proper pronunciation
1:23.9	before I start doing saying things that are not right.
1:27.7	Tadas Viscontah?
1:28.9	That's it.
1:29.5	Perfect.
1:30.0	Dang.
1:30.8	Dang.
1:31.1	Dang.
1:31.1	I'm pretty good today.
	...

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