25 min listen
Ep. 313: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio
Ep. 313: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio
ratings:
Length:
30 minutes
Released:
Jan 26, 2015
Format:
Podcast episode
Description
Jean-Philippe Bouchaud speaks with Michael Covel on his second visit to the podcast. He is founder and Chairman of Capital Fund Management (CFM) and professor of physics at École polytechnique. Today, Covel and Bouchaud focus on Bouchaud’s co-authored paper, “Tail Risk Premia vs. Pure Alpha”. Additionally, Covel and Bouchaud discuss his firm’s performance for 2014; whether trend following actually “died” prior to it’s “reappearance” 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’s philosophy on transparency and "secrets" in his work; and why Bouchaud’s work culture is not a culture of MBA’s. Note: In this episode a white paper is mentioned. There are short (www.trendfollowing.com/cfm-short.pdf) and long (www.trendfollowing.com/cfm-long.pdf) versions. Receive a free trend following DVD: www.trendfollowing.com/win.
Released:
Jan 26, 2015
Format:
Podcast episode
Titles in the series (100)
Ep. 6: Michael Covel on Trend Following Radio: Michael Covel explores some of the classic trading principles featured in his book Trend Commandments, and offers his own brand of "perspective". Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win. by Michael Covel's Trend Following