Ep. 12: Michael Covel on Trend Following Radio
Michael covers several disparate topics and brings them together into a basic trend following message about thinking clearly. First, Michael discusses former Lehmen Brothers veterans starting a "systematic innovative volatility fund". Michael cuts through the jargon and gets down to the core issue: at the end of the day, a trend following strategy has to be clear, and this one sounds confusing. Michael also discusses a newsletter from Hugh Hendry, although technically a fundamental trader, Michael brings up how Hendry might indeed be a "closet" trend following trader. Hendry's core ideas are important to trend following philosophy, such as taking control of your own destiny, and the belief that the unexpected will happen. "You're on your own, you must take ownership of your own destiny". Next, Michael talks about pain and how the latest Jack White single might give some insight into the pain you can find yourself in if you don't have clear thinking (a plan). Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.