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Ep. 364: Simplicity Trumps Complexity with Michael Covel on Trend Following Radio

Ep. 364: Simplicity Trumps Complexity with Michael Covel on Trend Following Radio

FromMichael Covel's Trend Following


Ep. 364: Simplicity Trumps Complexity with Michael Covel on Trend Following Radio

FromMichael Covel's Trend Following

ratings:
Length:
37 minutes
Released:
Jul 20, 2015
Format:
Podcast episode

Description

An article recently appeared in Forbes, entitled “What Jurassic World Can Teach Investors About The Stock Market”. In it is an interview with Ben Carlson on why simplicity trumps complexity when it comes to investment strategies. Although not explicitly about trend following, the article brings up points about the poor historical performance of financially engineered assets and the superiority of simple systems.
In this monologue, Michael Covel talks about his desire to seek the truth, and the importance of taking personal responsibility for your actions. He also breaks apart the Forbes article on simplicity vs. complexity, and the logical reasons why trend following systems have historically performed better than others.
Also in this episode: the recent study that shows that metal-heads from the 80s are happier and better adapted than their peers.
In this episode of Trend Following Radio:

Why simple strategies are better than complex ones
The importance of defining your risk as a number
How risk and reward are two sides of the same coin
Why going for the average is a losing strategy
The difference between hiring a financial advisor and an trader
Released:
Jul 20, 2015
Format:
Podcast episode

Titles in the series (100)

Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. 900+ episodes.