Ep. 916: JC de Swaan Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 2 November 2020
⏱️ 49 minutes
🧾️ Download transcript
Summary
My guest today is JC de Swaan, a lecturer in the economics department at Princeton University, where he is affiliated with the Bendheim Center for Finance, and a partner at Cornwall Capital, a New York-based investment fund. He also teaches at the University of Cambridge and is a member of the Council on Foreign Relations.
The topic is his book Seeking Virtue in Finance: Contributing to Society in a Conflicted Industry.
In this episode of Trend Following Radio we discuss:
- Market Crash
- Finance Industry
- Virtue in Finance
- Inequalities in Society
- Legal Deception and Manipulation
- March of 2020
- Stock Market
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. |
| 0:33.2 | My guest today has good intentions. |
| 0:37.3 | He knows that finance, modern finance, helps to make |
| 0:41.7 | the trains run on time, so to speak. Modern finance underlies all of us, all of what we do |
| 0:49.5 | every damn day. But where's the virtue? Is modern finance really helping us all as much as it could? |
| 0:59.5 | Or is there a dark side? A dark side where the biggest banks are front-running trades. The biggest banks are |
| 1:09.6 | trading high-frequency stuff to just meant money while the |
| 1:14.3 | little guy doesn't get a leg up. So is there a framework? Is there a different way to look at finance |
| 1:21.5 | that can perhaps help society in a more holistic way? Now look, you might be thinking, no way, it's dog-eat-dog capitalist world. |
| 1:33.0 | That's true. |
| 1:34.5 | Or at least it's been true. |
| 1:37.1 | But is it sustainable? |
| 1:39.0 | Can we keep going there? |
| 1:41.3 | Do we need a new perspective? |
| 1:42.6 | Do we need a new conversation? |
| 1:46.3 | My guest today, J.C. DeSwan, dive straight into the various issues of finance and more specifically this conflicted industry |
| 1:54.5 | of finance. And where's the virtue? I really enjoy these conversations today. because when everyone is just focused on the next |
| 2:03.6 | buck, the next can I sell one dollar? Where's the happiness? Where's the goodness? Is this what we |
| 2:11.3 | really want? Without any further delay, let's jump right into my conversation today with J.C. DeSwan. |
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