SI111: Trend Following pros and cons ft. Michael Covel

Legendary Trend Following author & podcast host, Michael Covel, joins us today to discuss the far-reaching popularity of his books, the advantages of allocating to a Trend Following manager rather than DIY trading, managing money for clients vs being an unknown successful private trader, why Trend Following funds should worry about AUM growing to be too large, why Trend Following still deserves an important allocation to any investment portfolio after recent mediocre returns, and whether central bank Quantitive Easing programs have changed the landscape for systematic investors. ----- EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool ----- Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website. IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here. Learn more about the Trend Barometer here. Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Episode TimeStamps: 00:00 – Intro 01:04 – Weekly review of performance 10:17 – Moritz: Do you have any new books in the making? 13:07 – Announcement of Jack Schwager joining us on the show in 2 week’s time 13:16 – Moritz: How is your personal trading going? 16:00 – Listener question; Saeed: Which market sectors have the longest trends? 28:50 – Moritz: Do you think Trend Following is over-crowded? 29:49 – Niels: Is Trend Following’s mediocre performance over the last 10 years a new normal or an anomaly? 30:38 – Niels: What are your thoughts on pure Trend Following versus multi-strategy? 33:27 – Niels: How have institutional investors’ attitudes to Trend Following changed over the past 20 years? 38:24 – Niels: What do you say to those who ask, ‘has quantitive easing killed Trend Following’? 41:32 – Niels: What about those who say, ‘fast moving markets have killed Trend...