Ep. 313: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio

Published: Jan. 26, 2015, 3 a.m.

My guest today is Jean-Philippe Bouchaud, a French physicist. He is co-founder and Chairman of Capital Fund Management, adjunct professor at \xc9cole Normale Sup\xe9rieure and co-director of the CFM-Imperial Institute of Quantitative Finance at Imperial College London.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • His firm\u2019s performance for 2014
  • Whether trend following actually \u201cdied\u201d prior to it\u2019s \u201creappearance\u201d in 2014
  • What trend following manages to exploit
  • Exploiting vs. exploring
  • Looking at volatility as a precursor to profit
  • Volatility as a measure of risk
  • Trend following as a genuine market anomaly
  • The behavioral biases in play as oil has fallen fifty percent plus
  • The feedback Bouchaud has received from peers on his newest paper
  • Whether other strategies exploit a genuine market anomaly
  • Bouchaud\u2019s philosophy on transparency and \u201csecrets\u201d in his work
  • Why Bouchaud\u2019s work culture is not a culture of MBA\u2019s

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/

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