Oct 19, 2015
On today’s episode of Trend
Following Radio, Michael opens up about uncertainty and uses one of
his favorite writers to illustrate: Christopher Hitchens. Hitchens
is certain that he doesn’t know, and sees doubt and skepticism as
our only path to enlightenment. He invites us to open up to the
possibility that doubt will always be in front of faith–whatever
that faith may be about. Covel sees Hitchens insights well beyond
religion, and connects his comments to his trading
Next, Michael excerpts a recent soundbite from Jim Simons on Trend Following. He is one of the most successful traders ever. A great track record. 100% systematic. Uses price action. He is very clear that fundamental analysis is not his direction. How does Simons really trade? Will we ever know? No. Simons is tight lipped. Is Simons a trend follower? Does he use trend following at all? Worthy questions given his limited public statements. Covel digs into Simons recent comments about trend following asking the hard questions few are prepared to pose.
Lastly, Covel brings in Alan Watts to connect both Hitchens and Simons. Watts wonders why children have been forced into a learning process that doesn’t help them in the long run. He sees culture as leaving children at a disadvantage. He points out that the rules of the game are not given to children. Children are strung along. The powers that be keep key information away from the child, and even the adult, forcing them to always rely on the system. So while everyone is in desperate need of the future, ignoring the present moment is inevitable. Covel easily connects this to the markets and trading reminding us all that the gatekeepers are not your friends.
In this episode of Trend Following Radio: