Ep. 238: Larry Hite & Alex Greyserman Interview with Michael Covel on Trend Following Radio

Published: May 12, 2014, 8:06 p.m.

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My guests today are Larry Hite and Alex Greyserman.\\xa0

Hite is a hedge fund manager and is one of the forefathers of system trading. He was famously featured in the Market Wizards book. A few years ago he started ISAM with Stanley Fink. Greyserman has 25 years of experience in the CTA industry, and was originally hired by Larry Hite at Mint.

Greyserman is Chief Scientist at ISAM (PhD in Statistics). He is also a professor at Columbia University.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Singapore, and Covel\\u2019s recent excursions in Asia
  • How the game has stayed the same despite zero interest rate policy
  • What people are missing when they say \\u201ctrend following is dead\\u201d
  • How you\\u2019ll never get perfection
  • Their 800 year study, the premise, and what was found out
  • Measuring human nature
  • The difference between divergent and convergent strategies
  • Risk management
  • Having \\u201cperfect\\u201d knowledge
  • Using long trends and getting whipsawed in shorter trends
  • The asset class of trend following compared to the NASDAQ buy and hold, etc.
  • What\\u2019s changed about human nature through all the booms and busts
  • Insurance, hedging your risk, and the risk transference process
  • Asymmetrical leverage
  • Adjusting to new environments
  • How those that survive are the most adaptable to the environment
  • How trend following automatically adjusts to what\\u2019s happening

Jump in!

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I\\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\\u2019m 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\\u2019d like to give you a great piece of advice you can use in your life and trading journey\\u2026 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\\u2019t 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!

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