Ep. 909: Don't Believe the AI Hype with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 9 October 2020
⏱️ 89 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Don't Believe the AI Hype with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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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. |
| 0:33.4 | One of my favorite trend following episodes on this podcast over the years, a very successful |
| 0:40.9 | trend-following quant trader named Ewan Kirk out of the UK, episode 296 for those playing along. |
| 0:50.8 | Now, it was turned on to a Ewan Kirk. Kirk op ed that he wrote earlier this year in |
| 0:56.6 | 2020 in the Financial Times. I saw Jerry Parker, who has been on this podcast many times. |
| 1:02.8 | I don't know all the episodes off the top of my head. But if you want to find Jerry Parker, |
| 1:08.1 | one of the original turtles on this podcast. In my written book of |
| 1:13.3 | the Complete Turtle Trader, pretty easy to find Jerry Parker. So I saw that Jerry linked to this |
| 1:18.6 | article by you and Kirk. I had not seen the article. The title of the article, don't believe |
| 1:25.0 | the hype about AI and fund management. |
| 1:29.1 | Machine learning can generate marginal improvements, but nothing truly transformational. |
| 1:35.4 | That's Ewing Kirk's headline, his opening salvo for his op-ed. |
| 1:40.1 | Now I'm guessing I will probably be pretty damn close, if not in 100% alignment with this article. |
| 1:48.1 | I've not read it yet, but Ewan's a pretty pragmatic guy. |
| 1:52.0 | He understands trend following inside and out. |
| 1:54.4 | And he's made a bloody fortune in his career. |
| 1:57.2 | Let's jump right into the article. |
| 1:59.6 | Hardly a day goes by without investors being told that artificial intelligence will |
| 2:04.5 | revolutionize investment management. |
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