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Ep. 723: Harold de Boer Interview with Michael Covel on Trend Following Radio
Ep. 723: Harold de Boer Interview with Michael Covel on Trend Following Radio
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Length:
57 minutes
Released:
Dec 28, 2018
Format:
Podcast episode
Description
Harold de Boer is a trend following legend with a consistent track record dating back to the 1980’s. His approach to the markets can be seen as, “A farmer’s common sense and mathematics while at the same time never losing sight of the underlying fundamentals.” He is currently managing director and the architect of the Diversified Trend Program, responsible for research & development, portfolio management and trading at Transtrend–with over $4 billion under management. Harold learned statistics on the farm and has found that a lot of what is seen in markets has a analogy associated with farm life. As he was finishing up college one of his final assignments was to find a real life problem that could be fixed by using his knowledge in statistics. He contacted a commodity trading firm who had a project from him to look at relationships between meats (i.e. pork and beef) and feeds (ie. corn and soybeans). Starting there Harold first saw that there was trending behavior in the markets. Harold has a solid trading philosophy that has been built from the ground up. He doesn’t worry himself with many things that usual market pro may worry about–like benchmarks or efficient markets. Harold looks at benchmarks as doing more harm then good in the industry. And as for efficient markets? He sees no academic proof behind the theory. Market participants make the markets move–they don’t just move automatically. Apple stock does not move from people buying lots of iPhone’s. The stock moves from market players buying Apple stock. A stock, any market, will not go up or down without participants engaging in markets making bets. In this episode of Trend Following Radio: Brexit Fundamental trading vs. technical trading Price trends and haystacks Media in markets Trend following philosophy Benchmarks Efficient markets Trading off the grid
Released:
Dec 28, 2018
Format:
Podcast episode
Titles in the series (100)
Ep. 13: Mark Melin Interview with Michael Covel on Trend Following Radio: Michael speaks to Mark Melin, a managed futures expert, editor/writer for Opalesque, and author. Melin has become a defacto investigative reporter for the MF Global scandal. Covel and Melin consider the MF Global story from the very beginning, back to... by Michael Covel's Trend Following