Michael Covel's Trend Following

Christian Miller, an ethics and philosophy of religion scholar at Wake Forest University, explores the honesty crisis reshaping modern life. He and Michael Covel discuss AI bias, academic cheating, media manipulation, political influence, conspiracy theories, self-deception, and declining institutional trust. They also examine how conformity and AI shortcuts affect critical thinking, and why personal responsibility still matters.

Mark Ripsinski, CEO of Amphi Research and Trading and former head of John W. Henry’s trading firm, explores inflation, monetary policy, crypto speculation, and the pressures facing global markets. He examines why volatile, uncertain conditions can favor trend following, how simple price signals challenge elaborate narratives, and whether traditional portfolios can survive de-globalization and shifting economic regimes.

Tim Pickering, a Canadian investment executive and co-founder of Auspice Capital, explores the real mechanics of trend following. He discusses replication products, risk-management challenges, ETFs, transparency, fees, and the dangers of lagging strategies. The conversation also touches on entrepreneurship, venture capital, investor expectations, and why authentic trend following embraces uncertainty rather than chasing smooth returns.

Gareth Abbott, mathematician and systematic trader, joins Richard Lytle, Bowmore Capital’s CEO and former fighter pilot. They trace Bowmore’s origins, Abbott’s path from pure mathematics to trading, and the influence of the Turtles, Ed Seykota, and Perry Kaufman. The conversation explores 16 strategies, 21 markets, portfolio concentration, changing market regimes, and why disciplined rules can outlast emotion and chaos.

James Dailey, CEO of DUNN Capital, discusses high-volatility trend following and its role as a true alternative investment. They explore crisis alpha, portfolio diversification, systematic rules versus market forecasts, positive skew, and trading across global markets. Dailey also shares how AI supports research, why clean data matters, and how trend following can complement traditional portfolios.

My guest today is Lindsay Crouse. Lindsay is a writer, journalist, and former New York Times editor whose work explores ambition, endurance, sports, and knowing when to walk away. The topic is her book The Case for Quitting: The Surprising Benefits of Opting Out. In this episode of Trend Following Radio we discuss: Quitting as a strategic decision rather than failure Perseverance, rest, burnout, and knowing when to stop Sunk costs, opportunity costs, risk, and taking losses Relationships, commitment, and the choice to stay or leave Career transitions, legacy, and personal reinvention Jump in! --- 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!

My guest today is David Booth. David is the chairman and co-founder of Dimensional Fund Advisors. He is a businessman, investor, and philanthropist. He is known for applying financial science to investing and advocating disciplined, long-term strategies that embrace market uncertainty. The topic is his book Stay Calm: Learn to Embrace Uncertainty in Investing and Life. In this episode of Trend Following Radio we discuss: Staying calm and embracing uncertainty in investing and life Building Dimensional Fund Advisors and the small-cap investment approach Market efficiency, prediction limits, and long-term investing Science, behavioral economics, AI, and investment decision-making Entrepreneurship, human ingenuity, and adapting for long-term success Jump in! --- 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!

A motivating journey through Napoleon Hill’s philosophy of success, from burning desire and persistence to confidence, purpose, and decisive action. The discussion connects these ideas to trading psychology, entrepreneurship, learning, and overcoming criticism. It also explores how repeated thoughts shape behavior, why belief must be paired with action, and how focused purpose can reveal opportunities.

My guest today is Mebane Faber. Mebane is the co-founder and Chief Investment Officer of Cambria Investment Management. He is also the manager of Cambria's ETFs, separate accounts and private investment funds, and author of multiple books. The topic is his book Investing in America: The Rise Of A 250-Year Bull Market. In this episode of Trend Following Radio we discuss: America's 250-year bull market and long-term wealth creation Entrepreneurship, capitalism, free markets, and creative destruction Global diversification and emerging-market opportunities Trend following, managed futures, and portfolio diversification Market valuations, bear markets, and current U.S. equity risks Jump in! --- 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!

Short, punchy reflections on expectations, social media and the erosion of meritocracy. A warning about market complacency and planning for catastrophic shocks. A clear case for process over celebrating outcomes and practical steps to start trend following. Stoic thinking and trading philosophy threaded throughout.