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Ep. 242: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio
Ep. 242: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio
ratings:
Length:
26 minutes
Released:
May 27, 2014
Format:
Podcast episode
Description
Michael Covel speaks with Dr. Jean-Philippe Bouchaud. Bouchaud is Chairman of the multi-strategy quantitative hedge fund Capital Fund Management (5B+ AUM) and co-supervisor of the research team. He is a well known authority in the field of Econphysics, co-author of "Theory of Financial Risks and Derivative Pricing", a Professor of École Polytechnique where he teaches Complex Systems and has his Ph.D in theoretical physics from École Normale Supérieure. Covel and Bouchaud discuss Bouchaud's physics background and how it collided with the world of classical economics; the Black-Scholes model, and it’s still use; experimenting with simulation; Bouchaud and his colleague's paper, "Two Centuries of Trend Following"; the efficient market hypothesis; why the existence of trends is one of the most statistically significant anomalies in financial markets; how trends predate trend following; why classical economics has no framework through which to understand "wild markets"; benign randomness vs. wild randomness; accepting uncertainty; and differences between physicists and economists. For more information on Jean-Philippe Bouchaud, visit www.cfm.fr. Complimentary trend following DVD from Michael Covel: trendfollowing.com/win.
Released:
May 27, 2014
Format:
Podcast episode
Titles in the series (100)
Ep. 24: Tony Bazile Interview with Michael Covel on Trend Following Radio: Tony Bazile of Intrinsic Capital Management is a trend following trader specializing in stocks. Michael Covel talks to Bazile about his background, which is unlike anybody profiled on the podcast so far: He was a professional water skier into his 20s.... by Michael Covel's Trend Following