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Please enjoy my monologue Thoughts on Bill Dunn with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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!
Please enjoy my monologue Thoughts on Bill Dunn with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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!
Marine Corps Colonel Bill Dunn (Ret), President of Strategic Resilience Group, LLC and author of Gunfighters Rule! He founded the company in Sept 2015 after completing over 33 years in the United States Marine Corps. Colonel Dunn flew in many of the world's deadliest hot spots in dozens of combat missions as an attack helicopter pilot. 1.)Two US Navy pilots shot down over Red Sea in apparent 'friendly fire' incident: US military. 2.) Drones, what we know a month later?
Bill Dunn spent decades in the wine and spirits business where he successfully recruited, hired, trained, and mentored future leaders. But his goal was to one day own his own company. Approaching his 50's he took a gamble by pulling all his resources together and purchasing CNS Cleaning in 2021. CNS Cleaning now has over 1,000 monthly accounts and has tripled revenue since acquisition. Dunn emphasizes the importance of employee care, continuous improvement, and strategic marketing in growing a business.
My guest today is Martin Bergin, the president and owner of DUNN since 2007. Bergin oversees all mission-critical operations of the firm, including the firm's research and development efforts as well as the construction and management of the firm's managed futures portfolios. He joined DUNN in 1997 as Accounting Systems Manager, and was promoted to Vice President and Chief Financial Officer in 2001. Prior to joining DUNN, he was a partner at a Northern Virginia CPA firm where he worked for 10 years managing audit, tax and consulting engagements for clients in the managed futures, banking and defense industries. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Bill Dunn's trading career Diversification Futures trading Culture at DUNN Capital Client communications Principles of trading and firm evolution Risk management Cryptocurrency perspective 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!
My guest today is Martin Bergin, the president and owner of DUNN since 2007. Bergin oversees all mission-critical operations of the firm, including the firm's research and development efforts as well as the construction and management of the firm's managed futures portfolios. He joined DUNN in 1997 as Accounting Systems Manager, and was promoted to Vice President and Chief Financial Officer in 2001. Prior to joining DUNN, he was a partner at a Northern Virginia CPA firm where he worked for 10 years managing audit, tax and consulting engagements for clients in the managed futures, banking and defense industries. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Bill Dunn's trading career Diversification Futures trading Culture at DUNN Capital Client communications Principles of trading and firm evolution Risk management Cryptocurrency perspective 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!
Sitting in for Gregory today is Patti Beery from It Is What It Is and her guest co-host is her son, Clayton Beery. They talk abou the goings on in the Saugatuck/Douglas area. CJ does some trivia today. Show guestd today include: Scott and Vicki Phelps, the former owners of The Butler Restaurant; Kevin Schippa from Re/Max Saugatuck/Douglas and a storm chaser; and Saugatuck High School football coach Bill Dunn, and his wife Bev talk about the upcoming season. Happy Sunday Funday! 8-18-24.See omnystudio.com/listener for privacy information.
In this episode we travel along Juno and Gold Beaches and tell the story of the landings through the eyes of the soldiers who were there. We hear from Bill Dunn whose tank “Charlie One” still sits close to the location where it broke down on Juno Beach. We find out what happened to his mates that day and how they sang to keep their spirits up as the German mortars rained down on them. We go to the British Normandy Memorial and see the “Standing with the Giants” exhibition and tell the story of the 2 nurses who saved 75 lives before perishing beneath the waves on the stricken hospital ship SS Amsterdam. We also visit Arromanches and talk about the Mulberry Harbour and I remember my old friend Harry Austin who landed on Gold Beach on his 19th birthday.
Happy 2024 Red V fans. On this week's podcast we have a great chat with Former Steeler and Magpie Bill Dunn. Bill chats his career, the high's, low's and his cult hero status. Plus Dragons news and Dragons history. Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to investing, there are countless strategies to choose from, each with its own set of pros and cons. One strategy that has stood the test of time is trend following, a technique that involves analyzing market trends and making trades based on those trends. Despite its proven track record, some investors remain skeptical about trend following, perhaps because they don't fully understand how it works or they've been burned in the past by unsuccessful trades. In this episode of The Derivative, Marty Bergin, CEO of DUNN Capital Management, discusses trend following's success and the impact of interest rates on other markets. He stresses the importance of diversifying portfolios by seeking uncorrelated markets and accepting losses as a crucial part of trend following. The episode also delves into Bergin's company's adaptive risk profile and different methods traders can use to adjust their risk profiles, providing valuable insights and predictions for the future. You won't want to miss these critical insights into trend following and predictions for the future. So what are you waiting for? SEND IT! Chapters: 00:00-01:51 = Intro 01:52-16:24 = RV Disaster Recovery, the History of DUNN, Bill Dunn & the System 16:25-30:23 = A long track record, an Adaptive risk profile, influences by interest rates & capturing the upside 30:24-36:47 = Good & Bad years: what's the driver? & Vol targeting 36:48-50:33 = Investors & the impact on trend following 50:34-57:55 = Replication of products & new technology 57:56-01:03:51 = What's the Future for Trend? For more information on Marty Bergin & DUNN Capital visit DUNNcapital.com Don't forget to subscribe to The Derivative, follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer
Subscribe Apple | Google | Spotify | Stitcher | iHeart Support The Daily Gardener Buy Me A Coffee Connect for FREE! The Friday Newsletter | Daily Gardener Community Historical Events 1686 Birth of Antoine de Jussieu ("Ann-twan do Jyou-sue"), French naturalist, botanist, and physician. Born in Lyon, Antoine was the son of an apothecary. After touring Spain, Portugal, and southern France with his brother Bernard, he went to Paris and ultimately succeeded Joseph Pitton de Tournefort as director of the royal gardens. In 1713, Antoine shared the first scientific reference to coffee with the Royal Academy of Sciences of France. He called it Jasminum arabicanum, but Carl Linneaus gave the official botanical classification forty years later in 1753. Antoine once wrote about finding plant fossils in a quarry. I observed on most collected stones the imprints of innumerable plant fragments which were so different from those which are growing in the Lyonnais, in the nearby provinces, and even in the rest of France, that I felt like collecting plants in a new world... The number of these leaves, the way they separated easily, and the great variety of plants whose imprints I saw, appeared to me... as many volumes of botany... [in] the oldest library of the world. 1865 On this day, members of the John Wesley Powell expedition raided a garden on an island in the Green just above the mouth of the White River. The expedition had just thrown out more spoiled food, and the group faced the constant fear of hunger. In Powell of the Colorado (2015), William Culp Darrah wrote, Fresh fruit had been mighty scarce and the temptation to steal some greens was irresistible. The Major, Andy, and Bill Dunn filled their arms with young beets, turnips, carrots, and potatoes. The men rowed a few miles down the river and paused to enjoy the stolen fruit. Of course the season was not advanced enough to yield sizable vegetables, so Andy cooked up the whole mess as greens. It was a not-quite-unpleasant stew. After eating their fill and disposing of the remainder, the men resumed the journey. They had not gone a mile before all hands except Bradley and Howland were violently nauseated. Bradley explained that the potato tops were so bitter he had not eaten any. The Major said their illness was caused by a narcotic in the potato leaves, but Hall swore that it was all his fault; in their haste he had only half-cooked the stuff. Sumner wrote in his diary, "We all learned one lesson--never to rob gardens." 1887 Birth of Marc Chagall (born Moishe Shagal)(books about this person), Russian-French artist of Belarus. He was an early modernist and created in various formats, including paintings, drawings, stained glass, ceramics, and tapestries, among many others. The art critic Robert Hughes called Chagall "the quintessential Jewish artist of the twentieth century." And Pablo Picasso once said, When Matisse dies, Chagall will be the only painter left who understands what color really is. It was Marc Chagall himself who once wrote, Art is the unceasing effort to compete with the beauty of flowers – and never succeeding. 1907 Birth of Frida Kahlo (books about this person), Mexican painter. Frida is remembered for her portraits, self-portraits, and work inspired by Mexican nature and artifacts. She once wrote, I paint flowers so they will not die. She also wrote, I wish I could do whatever I liked behind the curtain of “madness”. Then I'd arrange flowers, all day long. I'd paint pain, love and tenderness. I would laugh as much as I feel like at the stupidity of others, and they would all say: “Poor thing, she's crazy! Grow That Garden Library™ Book Recommendation The Ultimate Flower Gardener's Guide by Jenny Rose Carey This book came out in 2020, and the subtitle is Simple Ideas For Small Outdoor Spaces. In this book, Jenny Rose Carey is essentially teaching a master class on ornamental gardening. If you are looking for ways to add interest, color combinations that are guaranteed to work instead of clash, and how to incorporate favorite blossoms or aspects of flowers, you'll find everything you're looking for in this very inspiring and jam-packed book on all kinds of beautiful flowers. Most flower experts teach color first. Jenny brings new dimensions into play - namely shape and texture. But Jenny's focus on texture and shape works surprisingly well - especially if you are someone who struggles with color in the garden. Shape and texture are two often overlooked floral elements, but they are equally important as color in garden design. Without shape and texture, gardens would lack that sense of excitement, mystery, and magnetism that exist in our most beloved gardens. Jenny also does a great job of keeping today's gardener in mind. She selected the annuals and perennials that she recommends in her book based on their ease of care, appeal to pollinators, and wildlife friendliness. This book is 364 pages of beautiful flower gardening all season long - no matter how big or small your space - giving you the confidence you need to make flowers the focus of your dream garden. You can get a copy of The Ultimate Flower Gardener's Guide by Jenny Rose Carey and support the show using the Amazon link in today's show notes for around $27. Botanic Spark 1932 Death of Kenneth Grahame, Edwardian British writer, and conservationist. Born in Edinburgh, Scotland, Kenneth is most famous for The Wind in the Willows (1908), one of the classics of children's literature. The book celebrates nature, friendship, loyalty, and adventure among four anthropomorphizing animals: Mole, Rat, Toad, and Badger. Kenneth had a lifelong appreciation of nature and landscapes. Throughout Kenneth's life, the beauty of nature was a balm to his many sorrows, including the death of his mom and alcoholic father. When he was five, after his mom died, Kenneth and his siblings went to live with their grandmother, who lived in an old, dilapidated house with a huge attic to explore and an entire garden to play in. The garden backed up to willows that framed the shores of the Thames river and would later serve as the inspiration for the setting of The Wind in the Willows. During his miserable married life, Kenneth once confided in his wife that he felt a better understanding of nature and wildlife than of his own species, writing, I like most of my friends among the animals more than I like most of my friends among mankind. As a father, Kenneth began telling the story of The Wind in the Willows in installments at bedtime and in letters to his only son, Alastair, who Kenneth nicknamed "Mouse." In the story, Kenneth wrote of 'the pageant of the river bank,' referring to the array of wildflowers in bloom: purple- and white-flowered comfrey, willow-herb, purple loosestrife, dog roses, and meadowsweet. Throughout his life, Kenneth's favorite indulgence was reading books in his garden. Sadly, Mouse's life story was tragic. He grew up battling chronic illness and blindness in one eye. He had challenging behaviors and was bullied in school. After his struggles grew worse in college, Alastair committed suicide at 19. At his funeral, Kenneth scattered lilies of the valley over his coffin. For twelve long years, Kenneth lived out the rest of his days with his wife. Kenneth never got over the loss of his darling Mouse, and he stopped writing altogether. Aside from lengthy trips to Italy to avoid friends and family, Kenneth and his wife lived reclusively in their house along a riverbank until Kenneth's death from a stroke on this day in 1932. At Kenneth's funeral, the church was decorated with gifts of willow branches and flowers from children across England. Kenneth was buried next to his beloved Mouse in the cemetery at St. Cross Church. Thanks for listening to The Daily Gardener And remember: For a happy, healthy life, garden every day.
Today, Franchise Interviews celebrates National Pretzel Day. If you love a Pretzel, then National Pretzel Day on April 26 is the day for you. According to National Today, Pretzels, somewhat surprisingly, got their start in the Catholic Church. Sometime around the 7th Century A.D., monks presented their students with treats of baked dough twisted in the shape of crossed arms. At the time, crossing one's arms was the traditional posture for prayer. Not only that, but pretzels, made from water, flour and salt, were also the perfect food for Lent — when meat, dairy and eggs were prohibited. So, there you have some National Pretzel Day history — with a twist! Today we will play a clip of an interview we did with Bill Dunn. Auntie Anne's is award-winning franchise system that is consistently ranked number one in the category of hand-rolled soft pretzels by Entrepreneur's Franchise 500, has received the World-Class Franchise. Bill offers advice on how to select a charitable partner that makes sense for your brand's identity. He will also discuss how to get employees emotionally invested in a common cause and how to get your charitable mission in front of customers. Auntie Anne's got its start in 1988 when Anne Beiler bought a stand in a Pennsylvania farmer's market. After some experimentation, "Auntie" Anne created a masterpiece — the same freshly baked goodness you know and love today. Since September 2011, Auntie Anne's® has partnered with Alex's Lemonade Stand Foundation (ALSF) to raise money and awareness of childhood cancer causes and cures. To date, Auntie Anne's have raised more than $3.7 million for the foundation.
This week on America Outdoors Radio we prepare to attend SHOT Show in Las Vegas and Bill Dunn with the National Shooting Sports Foundation will tell you what's new this year at the world's largest trade show for the shooting and hunting industry. The biggest consumer sportsmen's show of the year is on for February 5th through the 13th in Harrisburg, PA. It's the Great American Outdoor Show and Lars Dalseide with the NRA will give you all the details about this one. Our outdoors destination this week? That would be The Dalles, Oregon where Marc Bush with Twisted Waters Guide Service will take you fishing on the Columbia River for huge sturgeon and trophy walleye. Finally, you'll learn what "corner crossing" is and why the practice is generating all sorts of controversy when we chat with Buzz Hettick, the Co-Chair of Backcountry Hunters & Anglers in Wyoming. http://www.americaoutdoorsradio.com
Thanks for joining us today on the Success is a Choice podcast network. When my most recent book “The Bus Trip” came out, I was asked by Mike Klinzing, the host of the Hoop Heads podcast to come on his show. Mike Klinzing is a former Kent State basketball player who played there a few years before I arrived as a Graduate Assistant back in the 1990s. If you are a basketball coach, this is a great podcast to subscribe to if you aren’t already subscribed to it. They have big-time guests. I was honored to go on the show and talk about how the fictional story The Bus Trip and how it can really help athletes understand how to be better teammates and more positive leaders. I hope you enjoy learning a little bit more about me and my latest book. Thanks again for tuning in and remember that success is a choice, what choice will you make today? Episode Show Notes Jamy Bechler is the author of the new book “The Bus Trip” and is the host of the “Success is a Choice” podcast. Jamy spent 20 years as a college basketball coach and administrator. Jamy’s teams were known for their rebounding prowess and he left his last college as the program’s all-time winningest coach. His 2014 Martin Methodist College RedHawks women’s team earned the National Champions of Character award. As a John Maxwell certified leadership coach, Jamy works with organizations and teams across the country to help them achieve their leadership potential and create championship cultures. His work with teams has ranged from the NBA to the Big Ten to small colleges. Bechler grew up in Michigan where he attended Jonesville High School and played basketball for the legendary Bill Dunn. He is a graduate of Hiram College in Ohio, where he lettered in basketball, football, and track. He earned his Master’s degree in physical education at Kent State where he began his coaching career as a graduate assistant under Gary Waters. Please leave us a 5-star rating and review on iTunes and subscribe to the show wherever you get your podcasts. The Hoop Heads Pod is available on iTunes, Spotify, SoundCloud, Stitcher, Google Play, and YouTube. Please consider sharing the Hoop Heads Pod with a friend or colleague in the coaching profession and help us continue to grow the game. Get ready for some terrific insights presented through a modern-day sports leadership fable that chronicles a basketball team’s bus trip during a challenging season with author and coach Jamy Bechler. Email – jamy@coachbechler.com Twitter – @coachbechler TheBusTripBook.com We’re excited to partner with Dr. Dish, the world’s best shooting machine! Mention the Hoop Heads Podcast when you place your order and get $300 off a brand new state-of-the-art Dr. Dish Shooting Machine! Through a partnership with our local Cleveland chapter of the Positive Coaching Alliance, we are pleased to offer a discount code to allow you, our listeners, to take a PCA online course for just $20. To take advantage of this offer visit the store on positivecoach.org and enter the discount code “HoopHeads20” That’s HoopHeads20 with two capital H’s
We chat with two freshmen basketball players who had big performances this week - Sophie Nichols of the Lady Vikings and Cade Goode of the Vikings. Ripley has a Saturday match-up on the court at East Fairmont. Bill Dunn of East Fairmont Sports Radio gives us the lowdown on the Bees. Senior wrestler Isaac Parsons talks about getting a pin in his final appearance on the home mat. Two former Vikings are part of the success at WV State baseball. Coach Sean Loyd discusses the contributions of infielder Christopher Jordan and pitcher Dane Petersen. --- Support this podcast: https://anchor.fm/brian-johnson9/support
August is National Shooting Sports Month! Hear from guests with the National Shooting Sports Foundation, including Director, Retail, & Range Business Development, Zach Snow, Managing Director, Marketing Communications, Bill Dunn, and Managing Director, Member Services, Mike Vrooman, talking about how the month is being celebrated across the nation, and the way that shooting sports have taken off as an ideal sport for the time of social distancing. Finally, Bass Pro Communications Specialist Faith Roane shares the latest updates and upcoming events at Bass Pro Shops and Cabela’s stores nationwide.
Jamy Bechler is the author of the new book “The Bus Trip”” and is the host of the “Success is a Choice” podcast. Jamy spent 20 years as college basketball coach and administrator. Jamy’s teams were known for their rebounding prowess and he left his last college as the program’s all-time winningest coach. His 2014 Martin Methodist College RedHawks women’s team earned the National Champions of Character award. As a John Maxwell certified leadership coach, Jamy works with organizations and teams across the country to help them achieve their leadership potential and create championship cultures. His work with teams has ranged from the NBA to the Big Ten to small colleges. Bechler grew up in Michigan where he attended Jonesville High School and played basketball for the legendary Bill Dunn. He is a graduate of Hiram College in Ohio, where he lettered in basketball, football and track. He earned his Master’s degree in physical education at Kent State where he began his coaching career as a graduate assistant under Gary Waters. Please leave us a 5 star rating and review on iTunes and subscribe to the show wherever you get your podcasts. The Hoop Heads Pod is available on iTunes, Spotify, SoundCloud, Stitcher, Google Play, and YouTube. Please consider sharing the Hoop Heads Pod with a friend or colleague in the coaching profession and help us continue to grow the game. Get ready for some terrific insights presented through a modern-day sports leadership fable that chronicles a basketball team’s bus trip during a challenging season with author and coach Jamy Bechler. Email - jamy@coachbechler.com Twitter - @coachbechler https://jamybechler.com/thebustrip/ Support this podcast
LIVE at the BWI EXPO in San Antonio Texas Adam Linnemann pulls aside Bill Dunn, Executive Vice President - Professional Turf | DLF PICKSEED - Seed and Science Learn more: https://www.dlfpickseed.com/
After 26 years of service, State Representative Bill Dunn says he won't seek re-election.
Bill Dunn with the NSSF (National Shooting Sports Foundation) talks with Tom about the success of their 'Plus One' movement to get new shooters to the range and in the fields. Plus, a combative training range report. Tom Gresham's Gun Talk 9.8.19 Hour 2
S2 E17 - R3 Efforts with NSSF’s Bill Dunn and Samantha Pedder with CAHSS This week we are talking about Recruitment, Retention and Reactivation (R3) efforts being coordinated through the Council to Advance Hunting and Shooting Sports (CAHSS) and the National Shooting Sports Foundation (NSSF). Samantha Pedder with CAHSS and Bill Dunn with NSSF are talking with Steve and Jodi about what hunting organizations are doing to get more people outdoors. We hear about how traditional recruitment of hunters and shooters through family connections isn’t enough to help rebuild the participation rate in these pursuits. New programs that are focusing on connecting with the public through individual events, like M.U.L.E.Y. programs, and then developing mentorship opportunities to ensure that people who are interested in learning to hunt have safe, mentored experiences in the field as they learn more skills. We also learn about what state agencies and partners are doing to retain current active hunters, and also to reactivate people who used to hunt but may have stopped due to lack of opportunities. Bill and Samantha let us know about resources, such as LetsGoHunting.org and LetsGoShooting.org, that can support individuals who want to become mentors and help with R3 efforts in their areas. We talk about looking to different communities in urban areas and to people who are interested in being more connected to where their food comes from.
In this interview, Tom Dunn talks about his time as a player, coach and parent at Jonesville HS and what he learned growing up alongside his brother, Bill Dunn.
Jamy Bechler spent 20 years as a college basketball coach and administrator. Jamy’s teams were known for their rebounding prowess and he left his last college as the program’s all-time winningest coach. His 2014 Martin Methodist College RedHawks women’s team earned the National Champions of Character award. As a John Maxwell certified leadership coach, Jamy works with organizations and teams across the country to help them achieve their leadership potential and create championship cultures. His work with teams have ranged from the NBA to the Big Ten to small colleges. Bechler grew up in Michigan where he attended Jonesville High School and played basketball for the legendary Bill Dunn. He is a graduate of Hiram College in Ohio, where he lettered in basketball, football and track. He earned his Master’s degree in physical education at Kent State where he began his coaching career as a graduate assistant under Coach Gary Waters. Jamy is the author of numerous eBooks and published books, including “The Leadership Playbook” and is the host of the “Success is a Choice” podcast. Please leave us a rating and review on Apple Podcasts and subscribe to the show wherever you get your podcasts. The Hoop Heads Pod is available on iTunes, Spotify, SoundCloud, Stitcher, Google Play, and YouTube. Get ready for some terrific insights on leadership, culture, and organization as you listen to this episode with Jamy Bechler. Email - jamy@coachbechler.com Twitter - @coachbechler Support this podcast
In Episode 144 we welcome Marty Bergin. Marty begins by going through his background, the history of Dunn Capital and the relationship he had with Bill Dunn, the founder of Dunn Capital. That relationship opened the door for Marty to ultimately work or Bill, and to later become the owner of the firm as part of a transition plan. Next, Meb asks Marty to describe trend following as it relates to Dunn. Marty describes that trend following is pretty basic, but there’s magic in how you develop a portfolio with the strategy. At Dunn, Marty and his team rely on an adaptive trend-following system. From a portfolio management perspective, they look for markets with enough volume to trade in 55 markets across commodities, currencies, interest rates, bonds, equities, and volatility with an equal allocation of risk buckets for each market they trade. Meb follows that with a question about how it all fits together on a high level. Marty explains the program is not restricted in any way, and multiple methods are used for determining noise. He adds that when looking at possibilities, they are looking at a few days all the way out to a couple of years, and update weekly, yet he doesn’t believe there would be a major drift in performance if it were updated on a 12 or 18 month basis. The program gets into positions slowly, and is designed to get out quickly to protect downside. The conversation then transitions into how the system has evolved over time. Marty walks through the core tweaks Dunn has undergone to adapt and improve the trading system, from looking at trading from a market-by-market basis, to applying the same techniques to every market, to taking a fresh approach to risk. Meb then asks about what Dunn’s strategy looks like during various environments. Marty goes on to talk about how a trend follower is looking for directional volatility that is consistently applied, and the difficulty of environments like 2018 when trend followers can become overweight and get caught in corrections that can lead to aggressive reversals. He follows that with some insight into thinking about the current environment through the lens of Dunn Capital, and talks about risk metrics setting up to look conducive for trend following. Meb and Marty wind down with a chat about how Dunn is very focused on education. They also touch on Dunn’s unique fee structure, and the place for a strategy like Dunn’s in investment portfolios. All this and more in episode 144.
Bill Dunn, Oxford University's Professional Development Advisor, talks to Kamal Mahtani from the Nuffield Department of Primary Care Health Sciences about Personal Development Reviews. Bill gives some of his top tips for preparing for the meeting and ensuring it's a positive experience for everyone - from those at the very start of their career to those nearing retirement.
My guests today are Martin "Marty" Bergin and James Dailey. Bergin is the President and owner of DUNN Capital Management. He began working with DUNN in 1997 and took over the day-to-day operations of the firm in 2007. He became owner in 2015 (Bill Dunn remains Chairman). James Dailey became CEO of Dunn Capital in March 2016. DUNN has a track record that spans over 40 years. The topic is Trend Following. In this episode of Trend Following Radio we discuss: End of the new normal Markets reverting Long term volatility vs Short term volatility Crypto currency Risk management Price action trading Diversification in portfolio 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!
Martin “Marty” Bergin and James Dailey are on the podcast today. Bergin is the President and owner of DUNN Capital Management. He began working with DUNN in 1997 and took over the day-to-day operations of the firm in 2007. He became owner in 2015 (Bill Dunn remains Chairman). James Dailey became CEO of Dunn Capital in March 2016. DUNN has a track record that spans over 40 years. Today’s podcast was recorded the week after the February 2018 volatility. Inevitably, when there is volatility in markets, machines are blamed. DUNN Capital is a trend following trading firm who uses computers for everything they do. They know fintech well. That said, there is a difference between DUNN Capital and “the machine” traders. DUNN Capital trades from a higher volatility perspective and it has worked out well for them. They don’t charge management fees, but rather are completely incentive fee based. Further, at DUNN Capital they don’t reduce volatility for the sake of possibly reducing bad events–they still want strong profits and that is the only way they make money. Unfortunately, investors always remember drawdowns and they do try to minimize those without compromising their core system. Finally, and this a surprise for many, DUNN Capital’s office is quiet and not very exciting. Trend following after all is about discipline and blocking out all of the media noise and information. DUNN’s investors get that. DUNN is managing money for the long term, not short term. Their trend following is geared toward data and everything in their research shows that long term trend following trading is their best opportunity.
The business of trading is going to AI and more algorithms in the hands of new traders and retail investors. If you are trying to figure out what headlines are going to drive prices, you're a better person than me. I would rely on computers to do that Bill Dunn, a 100% purely systematic trader since the early 70s, has been incorporating all the data he can find and incorporates that into his model. Since 1974, he has taken only 1 discretionary "trade" and that was in advance of December 31, 1999 or the Y2K issue. The trade was to go flat and offset all his positions since he had no historical information to base his decisions on - including existing positions. This trade was taken to protect his clients' funds. Other than that, he has only traded system generated orders for over 40 years. If you are trying to raise capital, you'll have to have a good answer for prospective clients as to why you think you can shoot from the hip and make clients money as a discretionary chart reader In that regard, you are the share price and security. What information does the potential / allocator have based upon your behavior around security selection and trade management that will give them enough confidence in you to give you an allocation. You'll make more money by managing OPM - Other People's Money and taking an Incentive Fee. Ray Dalio feels that you should learn to code regardless of the industry that you're in else you'll be replaced by a computer. The computer can make the decisions faster, without emotion, and without error. Ray makes his decision in parallel with the computer and it provides "check and balances" between his thinking and what the calculations can show. He also won't leave out a key piece of data.
Art Collins is author of “Beating the Financial Futures Market: Combining Small Biases Into Powerful Money Making Strategies”, “When Supertraders Meet Kryptonite”, “Market Rap: The Odyssey of a Still-Struggling Commodity Trader” and “Market Beaters.” He has been trading systematically for the past 30 years. How was Art Collins able to get Richard Dennis, Bill Dunn, Bob Pardo, Mike Dever and Larry Williams (to name a few) to talk? He made the interviews more like a partnership, than an interview. He made an impressive name for himself which led to positive word of mouth spreading. What does robustness mean to Art? He uses four rules for prudent testing: 1. Don’t settle on your best result if it is a “diamond in the rough”. 2. Strategies should test well in various markets, particularly similar ones. 3. You don’t want your results to be bunched up in limited time frames. 4. Stay focused on testing concepts you understand in the markets. Throughout the years Art wasn’t only focused on trading markets. He also studied how to beat the blackjack table and how to skew the odds in his favor when betting on sports. Trading football lines, and trading the price of stocks – what’s the difference? There isn’t much of a difference when you take a technical and systematic approach to them. It’s about keeping emotions out of it. He never wanted to be a cowboy trader or thought of as a “genius”, he just wanted his systems to work. Michael and Art spend the rest of this episode diving into card counting, mechanical systems, gambling on football, data mining and the fools errand of making $1,000 a day. In this episode of Trend Following Radio: Systems trading Richard Dennis Card counting Mechanical systems Robustness Data mining
The Staying Young Show 2.0 - Entertaining | Educational | Health & Wellness
Today we are tackling the topic of mental illness. We live in a society that has just started to understand and embrace mental illness. Unfortunately, the healthcare system is often flawed when it comes to helping those who need it most. An estimated 26.2 percent of Americans ages 18 and older or about one in four adults suffer from a diagnosable mental disorder in a given year. When applied to the 2004 U.S. Census residential population estimate for ages 18 and older, this figure translates to 57.7 million people, more than the populations of New York and Florida combined. Youth mental health is worsening. Rates of youth depression increased from 8.5% in 2011 to 11.1% in 2014. Even with severe depression, 80% of youth are left with no or insufficient treatment There is a serious mental health workforce shortage. In states with the lowest workforce, there's only 1 mental health professional per 1,000 individuals. This includes psychiatrists, psychologists, social workers, counselors, and psychiatric nurses combined Less access to care means more incarceration. Arkansas, Mississippi, and Alabama had the least access to care and highest rates of imprisonment. There are over 57,000 people with mental health conditions in prison and jail in those states alone. That's enough to fill Madison Square Garden three times. Thank you for listening to the Stay Young Radio Show! With all the mixed messages on health, you need information that you can use and that you can trust. Listen in as the experts discuss all topics health related. It's time to STAY YOUNG and stay healthy! Each week we tackle a topic and often with leading scientists, best-selling authors, and even your favorite celebrities! As a listener of our show, your input is important to us. Please take a moment to fill out this quick survey so we can serve you better - https://survey.libsyn.com/stayingyoung2 For more information on The Staying Young Show, please visit our website at www.StayYoungAmerica.com, and subscribe to the show in iTunes, Stitcher, or your favorite podcast app. What about those who need treatment, seek treatment, but are turned away? What about families who want to get their family members help, but the HIPAA laws interfere – that's what our next guest is all about. He lost his beautiful wife to sudden mental illness and nobody could help him before it was too late.
My guest today is Martin “Marty” Bergin, the President and owner of DUNN Capital Management. Bergin began working with DUNN in 1997. He took over the day-to-day operations of the firm in 2007 and became owner in 2015 (Bill Dunn remains Chairman). DUNN has an outstanding track record that spans over 40 years. Bergin first met Dunn while he was tasked with doing an audit of the company over the course of 7 years. Once the audit was over, Dunn offered him a job. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Management fees How the financial industry works Systematic trend following strategies Trading off of price data The advantages of diversity in your portfolio 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!
Martin “Marty” Bergin is the President and owner of DUNN Capital Management. Bergin began working with DUNN in 1997. He took over the day-to-day operations of the firm in 2007 and became owner in 2015 (Bill Dunn remains Chairman). DUNN has an outstanding track record that spans over 40 years. Bergin first met Dunn while he was tasked with doing an audit of the company over the course of 7 years. Once the audit was over, Dunn offered him a job. There has been ongoing dialogue since 2008 that trend following has been a negative. DUNN Capital’s track record does not reflect that. They have been doing things different. They are 100% systematic. They do not have an army of traders staring at screens. All emotion has been removed from the equation and traders use algorithms that have already been put in place to make day to day trades. They take positions strictly based on what the system tells them to do. Managed futures (read: trend following) was the only strategy that stood out during the 2008 crisis. Historically DUNN has been able to outperform the S&P over their 40 year track record. I argue that when looking at their performance side by side with S&P performance, there could be a whole class taught on the chart. Bergin says that with all the changes in America (mostly political) there is no telling if the new policy’s that are said to come will crash the S&P or double the S&P. He has no way to predict the future and neither does anyone else. In this episode of Trend Following Radio: Management fees How the financial industry works Systematic trend following strategies Trading off of price data The advantages of diversity in your portfolio
Tradgeeks Podcast - Traditional Archery Podcast and Bowhunting
In this episode we talk with Bill Dunn of Zipper Bows and Grizzly Broadheads. We also talk with Curt Cabrera about raising children in traditional archery, gear, and success. I hope you all enjoy … Read More
On today’s episode of Trend Following Radio Michael talks the timelessness of sticking with your system. Michael uses Jack Schwager and his books Market Wizards and The New Market Wizards as prime examples of timelessness. Although they were written years back, he argues they have not lost an ounce of value in today’s trading world. Michael harps on critics that say the Market Wizards books have no place in 2015 markets, noting that one of the great concepts introduced in Schwagers’ books was the notion of “systems”. Although the concept of having a system had been around for over 100 years, Schwager was one of the first to present and teach in an interview format.Michael then segues into a clip with Howard Lindzon of Stock Twits. Howard further makes the point that having “Any system is better than no system”. He goes on to say, “You have to have a system to beat another system.” Howard talks about Jerry Parker, his trading style and why he has become so successful. Covel asks listeners, “What kind of system do you want? What are the risks and rewards? There are all kinds of systems out there. Have you done the work to find out the pros and cons? What kind of life do you want to have?” The system you choose will dictate that. People who tell you the Schwager books are dated are the same people that will sell you anything. These people go off of gut, intuition or even magical feelings, and that is their decision-making process. Trust that the highest achievers and money-makers on Wall Street trust their systems, painstakingly researched and developed. When times are good they leave it alone, and when times are bad they leave it alone.Covel plays one last legacy excerpt from Bill Dunn. Dunn lays out that his approach is long term trend following and quantitative. His company does not override their signals ever and they have serious risk management programs in place. They have a 1% probability of losing 20% or more in a one month period. However, the client can choose more or less risk. He shows how his firm does not correlate with the S&P and their positions and trades are completely transparent to their clients. Dunn makes it clear that his performance is not a result of anyone’s judgment. It is a result of long tested simulations and models. Timelessness personified. In this episode of Trend Following Radio: Human nature doesn’t change Timelessness Behavioral finance Sticking with a system Risk management Bill Dunn on trend following
Many that aspire to be successful investors or traders look up to Warren Buffett as a role model. Yet the chances of anyone amassing that wealth by following the same path as Buffett are extremely unlikely. Debating survivorship bias seems perfectly appropriate, but that's never broached.On the other hand, becoming the next Bill Dunn or Ed Seykota (or fill in the blank with the name of any trend follower) has much more possibility. In the trend following world there are many more successful traders, successful examples, which is much more motivational and inspiring.In this episode, Michael Covel curates excerpts from Kevin Bruce, Jim Simons, and David Harding. All three talking about systems and or trend following. The important point about systems is not just selecting the right one, but also sticking to it once selected. Often people are tempted to make discretionary calls and override a system, defeating its original purpose. Instead, the potential rewards and risks inherent in a trend following system should be evaluated at the beginning, discretionary calls made at the outset, then let the system run without interference. That is the path to potential success. In this episode of Trend Following Radio: The importance of practice and persistence in trading Finding trends mathematically The importance of not overriding systems Being prepared for drawdowns Looking at the S&P 500 as a trading system Dispelling the myths of the mainstream financial world Get a FREE Trend Following DVD here.
It was 10 years in the making when the WWF staged WrestleMania X at Madison Square Garden in 1994, and it's been 10 weeks in the making on The Lapsed Fan podcast's 30-week WrestleMania sojourn.This week hosts Jack Encarnacao and JP Sarro blast off into the next decade of the WWF's evolution, as Titan presents its first Hogan-less Mania and definitively turns the limelight over to go-getters like Bret Hart, Shawn Michaels, Scott Hall, and Owen Hart.Get Lapsed across the face with the deepest dive you'll find on the X, including:– The winding road to Bret Hart's crowning – yet, in ways, bittersweet – achievement, as he's hoisted up on the shoulders of his contemporaries as champion, Vince McMahon beaming below as all is seemingly forgotten– Little Richard makes surprising noises during “America the Beautiful”– The Hair Club for Men guy gets a face full of Doink water– A Zapruder-film-esque breakdown of HBK v. Razor in the ladder match that changed the industry and moved the art form three or four paces forward– Owen's phlegm, and how it symbolized the perfectly-honed Bret v. Owen brother v. brother story line– Bill Dunn gives Fink a run for his money (not really)– The Lex Express finally runs out of steam– The curious, seamless assimilation of Burt Reynolds into the carny wrestling world– Vince meets with Ray Apollo about the future of Doink (Dramatization)That and so much more, including guru Dave Meltzer recapping what it was like to live through and cover a dramatic transition period for the WWF. You want it. You need it. We've got it.
Tradgeeks Podcast - Traditional Archery Podcast and Bowhunting
Bill Dunn, is the owner of zipper bows and grizzly broadheads. During this episode, we will be discussing the art of custom bow building, his new limb design, and broadhead production. This podcast is for informative. We really enjoyed having Bill on the show.
Michael Covel opens up today’s monologue by talking about a music video that he thinks sums up today’s society. Next, Covel highlights a clip of David Harding talking to CNBC. Covel highlights some of the past issues Harding has seen in talking to CNBC and plays the clip. Covel discusses the history of trend following and some of the core big-picture ideas employed by traders like David Harding, Larry Hite, Ed Seykota, Bill Dunn, and others. Covel moves into a Twitter discussion he had recently where he posted a Bloomberg article featuring the most misinformed description of trend following he’d seen yet. When the author responded on Twitter, sparks flew. Covel talks about the lessons learned by the exchange: it’s a great opportunity to clarify what trend following trading is, the question of where one makes their money from, and academic chops. Want a free trend following DVD? Go to trendfollowing.com/win.
My guest today is Martin Bergin, CEO of Dunn Capital Management. Bill Dunn and Dunn Capital were famously profiled in Covel's book Trend Following and they have a 39 year track record of trend following performance. The topic is Trend Following. In this episode of Trend Following Radio we discuss: The early stages of Dunn Capital, and how it arrived where it is today Trend following with futures Volatility within Dunn's system, and why volatility is important to the overall performance Targeting losses How history informs system creation Adapting to the marketplace and to available technology What it means to be 100% systematic with no overrides Defining “black box” systems, and the difference between Dunn Capital's strategy and black box strategies Location in relation to Dunn Capital, and why it isn't necessary to be in a big city like London or Tokyo How the core of Dunn Capital has stayed the same while certain aspects of business has evolved Decreasing drawdown without decreasing profitability Behavioral finance and dealing with biases The adaptive nature of trend following Predictive vs. reactive trend following Dunn Capital's fee structure 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!
Michael Covel speaks with Martin Bergin, CEO of Dunn Capital Management. Bill Dunn and Dunn Capital were famously profiled in Covel’s book Trend Following and they have a 39 year track record of trend following performance. Covel and Bergin discuss the early stages of Dunn Capital, and how it arrived where it is today; trend following with futures; volatility within Dunn’s system, and why volatility is important to the overall performance; targeting losses; how history informs system creation; adapting to the marketplace and to available technology; what it means to be 100% systematic with no overrides; defining “black box” systems, and the difference between Dunn Capital’s strategy and black box strategies; location in relation to Dunn Capital, and why it isn’t necessary to be in a big city like London or Tokyo; how the core of Dunn Capital has stayed the same while certain aspects of business has evolved; decreasing drawdown without decreasing profitability; behavioral finance and dealing with biases; the adaptive nature of trend following; predictive vs. reactive trend following; and Dunn Capital’s fee structure. More information about Dunn Capital can be found at dunncapital.com. Want a free trend following DVD? Go to trendfollowing.com/win.
My guest today is Dave Rapach, an internationally renowned researcher in the area of asset return forecasting. His research is highly cited and published in leading scholarly and practitioner journals in Finance and Economics. Rapach is a Professor of Economics and holds the John Simon Endowed Chair in Economics at the Saint Louis University Chaifetz School of Business. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Why trend following works from an academic standpoint "Publish or perish" and the difficulty of publishing scholarly articles on trend following Early research on trend following, the random walk theory, and Burton Malkiel's “A Random Walk Down Wall Street” Warren Buffett, Bill Dunn, and survivorship bias A paper that Rapach traces to the reintroduction of trend following and technical analysis to the academic community Measuring systematic risk Eugene Fama's recent nobel prize How the trend following world has been neglected by the academic community How Rapach found his way into the academic finance world Covel's experience digging in to trend following research in the early to mid 1990's Some of Rapach's recent papers Why recessions are good for trend following 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!
Michael Covel talks with Dave Rapach, a professor of economics at the John Cook School of Business at Saint Louis University. Rapach comes at trend following from an academic perspective, and he explains it from this vantage point. Covel and Rapach discuss why trend following works from an academic standpoint; "publish or perish" and the difficulty of publishing scholarly articles on trend following; early research on trend following, the random walk theory, and Burton Malkiel’s “A Random Walk Down Wall Street”; Warren Buffett, Bill Dunn, and survivorship bias; a paper that Rapach traces to the reintroduction of trend following and technical analysis to the academic community; measuring systematic risk; Eugene Fama’s recent nobel prize; how the trend following world has been neglected by the academic community; how Rapach found his way into the academic finance world; Covel’s experience digging in to trend following research in the early to mid 1990’s; some of Rapach’s recent papers; and why recessions are good for trend following. For more information on Dave Rapach, visit http://sites.slu.edu/rapachde. Want a free trend following DVD go to trendfollowing.com/win.
Michael Covel launches into the headlines of managed futures and trend following. Many headlines in the past few months have tangentially touched on the trend following world and Covel sets the record straight. Covel talks about the battle in his world over the phrase "managed futures". A phrase that was created for one reason only from his perspective: to produce commissions. Who cares what the instrument is? It's irrelevant. The only relevant issue is: what is the strategy and how can it help the end user? Covel discusses "managed futures", black box trading, Ray Dalio, Bill Dunn, and an article called "How Investors Lose 89% of Gains From Futures Funds". Covel moves onto the confusion with the phrase trend following and brings up a company named FX Concepts and its leader John Taylor. Yet is this doomed 14B hedge fund really trend following? Covel sees prediction, an assortment of other strategies, and efforts to forecast what the next government move is going to be. That's not trend following. This is a real effort to break apart the headlines giving the end user a look behind the scenes at how the system wants you indoctrinated. Want a free trend following DVD: www.trendfollowing.com/win.
Michael Covel talks with Patrick Boyle of Palomar Fund Management. Covel and Boyle talk about directional trading; timeframes in trading and short-term trading; Boyle's background and how he came to be a founding partner of Palomar; Boyle's time working with Victor Niederhoffer; Niederhoffer and his teaching lineage; David Harding and Bill Dunn; Boyle's political stances, the Fed, and the SEC; risk and running a directional fund; performance correlation to the S&P and the trend following CTA's; the big picture takeaways that Boyle learned under Niederhoffer; correlations to people who have come out of Niederhoffer's shop; Monroe Trout; testing ideas; how quantitative analysis is different from technical analysis; the book publishing industry, and why all the secrets might not be in a $20 book; where Palomar Fund Management is at today; foundational advice to the budding fund manager; and libertarianism. Free trend following DVD: www.trendfollowing.com/win.
Michael Covel reads a listener letter he received after his podcast with Gerald Celente. Covel discusses the alternative to not trying, inspiration, and what it takes to be the next David Harding or Bill Dunn. The point is not to be one of these people--it's to give you an above-average chance to make money on your own account. It does no good to compare yourself to billionaires. You can shoot for it, you can strive for it, but you can blow a life and never get there. That's just the pure odds of it all. It's about becoming the next you: your situation. The idea is to be above average and to do the best for your life and your situation. That's the objective. Next, Covel talks about a bizarre accident in China leading into a comment from President Obama about booms and busts. Why are we afraid to criticize Obama? Covel explores. Next, Covel plays a clip from Penn Jillette on the truth, and reads from Tim Price's newsletter. We don't know when the next meltdown will be, but we know it's coming. When? You don't know when, but you need a plan of attack. That strategy has to excel when things are getting a little raw or dicey. Next, Covel plays a clip from Nassim Taleb on anti-fragility. If we know that bubbles are just part of the world we live in, what kind of strategy makes sense in a world dominated by chaos? Trend following is the answer. Want a free trend following DVD? Go to trendfollowing.com/win.
My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms. The topic is Trend Following. In this episode of Trend Following Radio we discuss: What it was like working within the big firms Boorman's beginnings and how he found his way to where he is today What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today How regardless of your access, success comes down to the individual Price-based trend following vs. other technical analysis Boorman's early "a-ha" moments towards trend following Trend following complexity, and why it can be "simple, but not easy" Trading your own personality Van Tharp, risk management and position sizing Trend predicting vs. trend following The fantasy of calling tops and bottoms Why the major media outlets don't give trend following proper coverage, and why trend followers don't make good "copy" Mistaken emphasis on entries rather than exits The idea that Boorman "no longer having a need to be right" after he left Lehman Brothers Alpha capture Acceptance of trend following amongst the larger financial community Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker 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!
Michael Covel speaks with Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms. Covel and Boorman discuss what it was like working within the big firms; Boorman's beginnings and how he found his way to where he is today; what advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today; how regardless of your access, success comes down to the individual; price-based trend following vs. other technical analysis; Boorman's early "a-ha" moments towards trend following; trend following complexity, and why it can be "simple, but not easy"; trading your own personality; Van Tharp, risk management and position sizing; trend predicting vs. trend following; the fantasy of calling tops and bottoms; why the major media outlets don't give trend following proper coverage, and why trend followers don't make good "copy"; mistaken emphasis on entries rather than exits; the idea that Boorman "no longer having a need to be right" after he left Lehman Brothers; alpha capture; acceptance of trend following amongst the larger financial community; and understanding the legendary trend following traders such as Bill Dunn and Jerry Parker. Want a free trend following DVD: go to trendfollowing.com/win.
Michael Covel talks about conversations he has had in the past 24 hours. Someone posted an equity curve of Bill Dunn against the S&P, and the criticism of the drawdowns began. They never talk about the S&P going down 50% twice in the past 13 years; they never talk about the NASDAQ going down 77%; they never talk about the NIKKEI going down 77%. It's always "trend followers have drawdowns". It's like a broken record. It's a surefire sign if someone starts telling you that they are either trying to push an agenda or they have no idea what they're talking about. Trend following is the meat and potatoes. Don't just trust Covel: look at the data. Next, Covel talks about advising people in their 20s against buying real estate. Many, many areas of real estate in the US that are underwater: are all of these people simpletons, dummies? Or did they get caught up in the greed and the fear of a bubble, and a black swan hit? Covel goes on to talk about black swans, zero interest rate policy, and bubbles (and why there is a way around it all). Next, Covel talks about nurture vs. nature. Of course, when he talks about nurture vs. nature, the Turtle story must be brought up. Covel plays two excerpts: one from NPR's Planet Money and another called "Enroll Yourself In The Genius Factory", which gets at the idea of how people develop talent. Covel discusses the peers of Richard Dennis; emotional intelligence; and trend following in the context of nurture vs. nature. Want a free trend following DVD: trendfollowing.com/win.
Michael Covel talks with Dan Collins of the Dan Collins Report. Collins was the managing editor at Futures Magazine for over a decade, and has talked with many trend following traders. Recently, he put out an interesting post on his website commenting on an article called "Quant Hedge Funds Hit By US Bonds Sell-Off" which originally appeared in the Financial Times. Covel and Collins discuss the article and other subjects such as why trend followers are speculators rather than investors; why the Financial Times article showed a misunderstanding of trend following in general; headlines and what drives them; equity-centric writers; why long term trend following is disrespected and why there is a bias towards higher frequency, shorter term traders; why keeping it simple is a good strategy; fees in the managed futures and options industry; "volatility value trading"; "style drift"; why quality trend following traders under the umbrella of "managed futures" allow some lesser strategies to "free ride" on their success; different time horizons in trend following; and why trend following is declared "dead" so often. Collins also shares his views on several traders (Michael Clark, Bob Moss, Bill Dunn, Salem Abraham, and Bill Eckhardt) with short synopses of their styles and trading personalities. Collins provides a wealth of information and insight and some eye-openers along the way. Would you like a free trend following DVD? Go to: www.trendfollowing.com/win.
There's no better lyric than "Life of Illusion" by Joe Walsh to describe the most recent trading performance that was reported by J.P. Morgan. In the first quarter they were profitable on 63 out of 63 trading days. Think you can develop a trading strategy that can compete with J.P. Morgan? You can't. What J.P. Morgan has done is not trading performance; it's an incestuous union between them, the United States government and the Federal Reserve. You don't make money 63 out of 63 days trading. That's not trading; it's a gift. Of course, if you have a position in J.P. Morgan, that's great; ride the trend. But what's unfortunate is that we're in the middle of a societal tsunami on Wall Street that makes it very difficult for the average person to know what's real. To the average person that wants to learn about trading, J.P. Morgan's performance looks like a noble goal. Unfortunately, this level of making money has nothing to do with a trading strategy. It has everything to do with being in a symbiotic union with the government and the Federal Reserve. It's not trading, it's taking. Can you replicate a trading strategy where you get the same advantages that J.P. Morgan does? And what happens when the black swan flies in? Covel goes on to explain comparing the performance records of Bill Dunn to J.P. Morgan. When these black swan events happen, strategies like Bill Dunn's excel, and fundamental strategies don't. It's that simple. You're left with the idea of worshiping a false idol (JP Morgan) or the Bill Dunn strategy that doesn't make money every day, but in the long haul makes more money and protects you when the tsunami hits. Covel closes by talking about the high priest himself, "Venus", the man from Omaha. Even though his fourth quarter profit rose 49% on gains tied to derivatives--derivatives that he once called "weapons of mass destruction"--it's no matter to his worshipers. Covel gives him all the credit in the world for amassing his great fortune; he's one of the greatest capitalists of all time. However, it's the disingenuous, manipulative nonsense of telling people not to trade derivatives but then doing it himself that really gets to Covel. Venus pretends that his words don't matter. Want a free trend following DVD? Go to trendfollowing.com/win.
Michael Covel starts off the podcast with two famous film speeches: one that you've probably heard and one that perhaps only those with some Wall Street experience may be familiar with. Covel notes that this is how most young men begin their understanding of Wall Street: through the brokerage lens (hence the 2nd speech). It's how Covel first understood it, too: through the lens of Liar's Poker and Salomon Brothers. The idea is that if you work for this big investment bank and become a broker, you can make yourself a fortune. And you can call yourself a trader. But, being a broker doesn't make you a trader. You have to put your time in and you have to allow yourself to be in learning mode. Can you put off all the distractions and focus on the education of learning a trend following system and trend following psychology? Or do you operate under society's rule that if you lift a finger someone has to pay you first? If you have the opportunity to learn trend following trading don't worry about the silly stuff: how much time it will take, how much money you'll have to spend, etc. As long as you don't go broke it will be fine. The important thing is taking the proper amount of time and effort to prepare. In stark contrast to the earlier clips Covel transitions into playing and analyzing several excerpts from legendary trend following traders Bill Dunn, Jerry Parker and David Harding. These excerpts are not the Hollywood speeches: they're real, raw and full of priceless trend following insights. Covel ends with a quote by Harding: "We know that we know almost nothing, but the almost nothing we know isn't completely nothing and we only bet on that." We all know the price action; we know whether a market is moving up or down. We can follow that flow. If you can follow the flow of a market either up or down you've got a chance. Don't try and predict tomorrow, it's impossible. Take what you do know for sure and look for a way to use it and be prepared for when the next black swan swoops in, the next big event appears suddenly. As Bruce Lee says: "Be water, my friend." DVD: www.trendfollowing.com/win.
In his book "Trend Commandments" Michael Covel included a "cheat sheet" for the reader. It opens up with this quote: "Golf is not safe. My grandfather died playing golf. Speaking up is not safe. People might be offended. Innovation is not safe. You'll fail; perhaps badly. Now that we've got that out of the way, what are you going to do about it? Hide? Crouch in a corner and work as hard as you can to fit in? That's not safe either. Might as well do something that matters instead." The cheat sheet focuses on core principles of trend following trading: profit in up and down markets; no more buy & hold, analysts or news; no prediction; the big money of letting profits run; risk management; a scientific approach to trading; strong historical performance during crisis periods; no traditional diversification; ride the horse that's winning; no government reliance; and taking advantage of mass psychology. In his last podcast before Christmas 2012 Covel gives a cheat sheet podcast of sorts too; he presents invaluable audio clips from his collection of great trend following traders. These legendary traders include William Eckhardt; Bill Dunn (talking about risk management from his perspective); and Jerry Parker (talking about the difference between mean reversion and trend following). Why is it hard to accept their principles outlined? They sound rational and reasonable, right? Covel also excerpts a speech from Elizabeth Cheval to explain her view of chronocentricity. Covel continues on with three clips from David Harding of Winton Capital Management and again asks the question, "Why don't we all go his way?" Unfortunately, much of the wisdom illustrated is not accepted or taught in mainstream education. Covel ends with a clip from author Seth Godin to help illustrate why current education models are dead ends. There is a way out, but waking up is a first step to financial freedom. Free DVD: www.trendfollowing.com/win.
Let's face it you don't stand an outside chance if you don't have a good strategy. Covel plays the Turtles' pop classic, "Outside Chance", and notes that for many people, the fantasy is quick, easy money that pays off like the lottery. However, you don't stand much of a chance if you play the game like this. But how do you go about a strategy that gives you more than an outside chance of winning? The first step is to train the space in between your ears and develop a better philosophy. Covel plays a clip from "Choke", a documentary on UFC fighting champion and jiu jitsu practitioner Rickson Gracie. In jiu jitsu, everything is based on leverage. Gracie talks about momentum, putting yourself in the right position, and reacting to what your opponent gives you in the "moment of now". Your strategy must not be to anticipate what is going to happen, but to react. It's all about getting leverage on your opponent, getting in the right position, and adapting to the situation. Markets are the same way: they're going up and down constantly like a "bucking bronco", as trader Bill Dunn famously said. It's difficult to accept. Most people want to have control of their environment, but we're all in a great wave, and the only choice is to ride it with a strategy in place. Rickson Gracie teaches the philosophy, but once you move beyond that, you must know how to execute this "moment of now" strategy. Covel discusses a clip from author Malcolm Gladwell (Blink, The Tipping Point, Outliers) to illustrate this point. Gladwell's example focuses on emergency room doctors, and how diagnosing chest pain can be enhanced by simply limiting the number of factors to be considered. If you reduce the number of data points for a doctor to consider, and limit it to the four most important factors, his ability to become a better diagnostician increases exponentially. It's the same in trading, except there is only one factor worth consideration: price action. How many different data points can you actually digest? How are you going to take an action to buy or sell with millions of data points? It's simple: you must reduce the variables to something more manageable by focusing on price. Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.
Michael Covel discusses two philosophical approaches that are the key to being a success in any field: being awake to the outside world and thinking outside the box. Being part of the system is not going to reward you, and if you're awake to the outside world, you can see things you wouldn't otherwise notice that you can use to your advantage. From his childhood to early experiences doing opposition research in a political campaign, Covel offers several anecdotes regarding "lightbulb" moments that have come about as a result of thinking outside the box. Covel has used the same principles and outside-the-box thinking to get at the insights of how trend following really works. Trying to figure out how people like Bill Dunn, John W. Henry, and Jerry Parker all pieced together was revealed to Covel at a conference in London. He relates the story that was the foundational thread for much of his later work. Covel also connects outside-the-box thinking to trend following in general: If there's anything hard about being a trend following trader, it's that you have to be comfortable being by yourself. You can't take solace in the crowd, and thinking differently is the key.
Tony Bazile of Intrinsic Capital Management is a trend following trader specializing in stocks. Michael Covel talks to Bazile about his background, which is unlike anybody profiled on the podcast so far: He was a professional water skier into his 20s. After observing another water skier trading on the sidelines and making a ton of money, Bazile decided to look into trading for himself. He made quite a bit before the tech bubble burst; when it popped, he was left with the feeling that there was still plenty of opportunity, and he forged forward. He moved to New York with his then-girlfriend and wound up living directly behind the American Stock Exchange, where he spent six or seven months handing out his resume (litetrally on the streets to Wall Street warriors). Eventually, he found himself working for John Mulheren. Bazile relates a story where Mulheren went on vacation after taking a large position. When Mulheren's team sold 80% on the second day of what would become a three week rally, Mulheren returned from his vacation furious, and Bazile learned one of his most valuable trend following lessons. This sent him down a path where he visited Bill Dunn in Stewart, Florida, and eventually ended up working for Ken Tropin at Graham Capital. Tropin told Bazile: "I'm good because I know that I don't know which way the markets are headed." After managing money for Graham Capital, Bazile left and partnered up with David Frakes, and formed Intrinsic Capital Management. ICM uses a trend following strategy to trade stocks, and Bazile and Covel discuss dealing with the sheer volume of information on individual stocks; and how trend following is the strategy, not the instrument. Covel also traces the lineage from Richard Dennis to Jerry Parker to Salem Abraham, and from John W. Henry to Ken Tropin to Tony Bazile. Only time will tell! Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.
We are meeting with Bill Dunn, president and COO of Auntie Anne's. Bill will provide tips on how to choose a charitable partner that makes sense for your brand's identity. How to get your employees emotionally invested in a common cause. How to get your charitable mission in front of customers. How careful execution can ultimately impact your bottom line. ABOUT AUNTIE ANNE'S An award-winning franchise system, Auntie Anne's is consistently ranked number one in the category of hand-rolled soft pretzels by Entrepreneur's Franchise 500, has received the World-Class Franchise® honor (the most prestigious award in franchising) for the past five years, and "Best in Food Category" for Franchise Business Review's 2009 and 2010 Franchisee Satisfaction Awards. The foundations of Auntie Anne's success lie in the collaborative partnership between the franchisor and franchisees and a targeted growth strategy focused on he best locations and partners
Hour One - Guests from NSSF..President Steve Sanetti and P.R. Manager. Bill Dunn
Hour One - Guests Bill Brassard, Bill Dunn, Tony Aeschliman……NSSF Paul Thompson...Browning