Ep. 313: Jean-Philippe Bouchaud Interview with Michael Covel on Trend Following Radio

My guest today is Jean-Philippe Bouchaud, a French physicist. He is co-founder and Chairman of Capital Fund Management, adjunct professor at École Normale Supérieure and co-director of the CFM-Imperial Institute of Quantitative Finance at Imperial College London. The topic is Trend Following. In this episode of Trend Following Radio we 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 Why Bouchaud’s work culture is not a culture of MBA’s Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!