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Ep. 161: Michael Konik Interview with Michael Covel on Trend Following Radio

Ep. 161: Michael Konik Interview with Michael Covel on Trend Following Radio

FromMichael Covel's Trend Following


Ep. 161: Michael Konik Interview with Michael Covel on Trend Following Radio

FromMichael Covel's Trend Following

ratings:
Length:
50 minutes
Released:
Sep 26, 2013
Format:
Podcast episode

Description

Michael Covel speaks with Michael Konik, author of "The Smart Money". Konik has had a fantastic experience in the world of sports betting, and the parallels between his world and the trend following world are off the charts. Konik and Covel talk about the similarities between Konik's world and the Turtle story; Konik's background and how he came into this world of rule-based betting; some of the stories about "Big Daddy" Rick Matthews (fake name for a very high profile individual featured on 60 Minutes), the main character in Konik's book and the most successful sports wagerer in the world; position limits; Konik's theater background and how it tied in to the experiment; sports betting technique, the line, the Kelly Criteria, and "Big Daddy's" own line; the "brain trust" and how "Big Daddy" led his operation; point spreads; looking for value rather than a favorite home team; the importance of a dispassionate outlook; the importance of knowing why you place a bet or trade; how the brain trust came up with a line better than the other lines out there; the importance of injuries in sports betting. For more information on Michael Konik, visit MichaelKonik.com. Want a free trend following DVD: www.trendfollowing.com/win.
Released:
Sep 26, 2013
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.