Podcast appearances and mentions of peter borish

On this edition of Wall Street Week, Peter Borish, Computer Trading Chairman & CEO looks at inflation through the "7Cs" of commodities. Stephanie Flanders, Bloomberg News Head of Economics and Government looks at how Europe fares in a global subsidy race. Wes Edens, Fortress Investment Group Co-Founder and Brightline Founder says that Brightline West could signal the start of the high-speed rail industry. Clive Gillinson, Carnegie Hall Executive & Artistic Director and Tony James, Metropolitan Museum of Art Board of Trustees Co-Chair talk about the evolution in the business of fine arts institutions in New York. See omnystudio.com/listener for privacy information.

 On this edition of Wall Street Week, Henry McVey, KKR Head of the Global Macro, Balance Sheet and Risk sees opportunity in India's growing consumption trend. Elizabeth Economy, Hoover Institution Senior Fellow tells us why China is eyeing technological innovation to achieve its ambitious growth targets. Peter Borish, Computer Trading Chairman and CEO says that Wall Street has a fatal attraction to the Fed's rate cuts, Michelle MacKay, Cushman & Wakefield CEO tells us why near-term distress in commercial real estate could lead to a long-term resolution, and Kenneth Rogoff, Harvard University Professor of Economics says that President Biden and Donald Trump are the two most protectionist presidents in a long time.  See omnystudio.com/listener for privacy information.

On this edition of Wall Street Week, Peter Borish, Computer Trading CEO and Saira Malik, Nuveen CIO break down the better-than-expected inflation numbers this week. Daniel Senor, Author of "The Genius of Israel" dissects into the economic effects of the Israel-Hamas war. Tony James, Jefferson River Capital Chairman walks through the evolution of private market investing over the past 40 years,  and Lawrence H. Summers, Former Treasury Secretary lowers his expectations of a forthcoming recession.See omnystudio.com/listener for privacy information.

 On this edition of Wall Street Week, Peter Borish, Computer Trading Corporation CEO tells us why the cooling labor market doesn't automatically suggest a Fed pause. Lawrence H. Summers, Former Treasury Secretary says that the August jobs report shows a step down the path to a hard landing. Chris Miller, "Chip War" author discusses who is leading the chipmaking charge. Steve Rattner, Willett Advisors CEO shares why he is concerned about a looming UAW strike and Alexander Colvin, Cornell School of Industrial and Labor Relations Dean discusses why the hand of labor is strong amid numerous summer strikes.  See omnystudio.com/listener for privacy information.

Legendary trader Peter Borish, president of the Computer Trading Corporation, joins Julia La Roche on episode 97. In this episode, Peter shares his macro outlook, and why we're in the early stages of a longer term rising rate cycle. He also revisits his time working with Paul Tudor Jones at Tudor Investment Corp, the 1987 stock market crash and its aftermath, and some of the lessons and principles he's learned over the years.  Links:  https://twitter.com/pborish https://www.linkedin.com/in/peter-borish-bb54119/ 00:00 Intro 0:43 Macro view  2:30 This really isn't the 70s  4:55 More like post WWII  7:14 Tax rate 8:42 Debt 11:38 Implications of higher rates 13:50 We'll see wages go up more 14:53 S&P likely to move down from here  16:10 Difference between cautious/bearish  17:15 Concern is making policy mistakes  18:30 More on the markets  21:03 Risk management  23:10 Learning from mistakes  25:00 You have to trade your own personality  27:30 Advice for young people  29:50 1987 Crash  35:00 Robin Hood Foundation 38:00 Assessment of New York City today  40:30 Return to office  42:00 Brady Commission  44:40 Paul Tudor Jones  48:30 Parting thoughts 

Bloomberg Radio host Barry Ritholtz speaks with Peter Borish, who is chairman and chief executive officer of Computer Trading Corporation, an investment and advisory firm whose largest consulting client is the Canadian Imperial Bank of Commerce (CIBC). Borish was previously founding partner and right-hand man to Paul Tudor Jones at Tudor Investment Corporation, where he was director of research for 10 years. Borish also previously served as chief strategist for Quad Group LLC.See omnystudio.com/listener for privacy information.

Peter Borish 6th Florida Tour: Naples Conference & Miami Roundtable 2023

My guest today is Peter Borish, the chairman and CEO of Computer Trading Corporation (CTC). He is also a partner in Adam Hoffman's natural gas options trading team at Torsion Technologies, and an advisor to Norbury Partners. Previously, through CTC, Borish was the chief strategist of Quad Group and its affiliated companies. In addition, he helped traders develop a methodology to enhance their performance by serving as a trading coach. He formerly worked at the Federal Reserve Bank of New York, was a founding partner and second-in-command at Tudor Investment Corporation, was chairman of OneChicago, LLC, and was chairman of the non-profits Foundation for the Study of Cycles and The Institute for Financial Markets.  The topic is Markets, trading and everything. In this episode of Trend Following Radio we discuss: Post the great recession; how has inflation changed the economy? Debt Leverage The trading perspective The current state of our monetary and fiscal policies Risk management is our system today Today and the 1970s Perspective on crypto 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 Peter Borish, the chairman and CEO of Computer Trading Corporation (CTC). He is also a partner in Adam Hoffman's natural gas options trading team at Torsion Technologies, and an advisor to Norbury Partners. Previously, through CTC, Borish was the chief strategist of Quad Group and its affiliated companies. In addition, he helped traders develop a methodology to enhance their performance by serving as a trading coach. He formerly worked at the Federal Reserve Bank of New York, was a founding partner and second-in-command at Tudor Investment Corporation, was chairman of OneChicago, LLC, and was chairman of the non-profits Foundation for the Study of Cycles and The Institute for Financial Markets.  The topic is Markets, trading and everything. In this episode of Trend Following Radio we discuss: Post the great recession; how has inflation changed the economy? Debt Leverage The trading perspective The current state of our monetary and fiscal policies Risk management is our system today Today and the 1970s Perspective on crypto 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!

Trading Strategies for the long term involve analysing the key financial ratios of a business to determine its financial health and to provide an estimate of the value of the business. “We want to perceive ourselves as winners, but successful traders are always focusing on their losses” -Peter Borish, Chief Strategist, Quad Group. Trading is a profession that dates back to the times of the Barter exchange. Two parties came together to strike a deal for goods that each party needed and the other had. That formed the basic groundwork of the system of trading. A stock market is simply a place of congregation of buyers and sellers of stocks, which represent the ownership claims on businesses. These businesses may include securities listed on a public stock exchange and securities that are traded privately. The first modern stock was traded on the Nieuwe Brug in Amsterdam for the Dutch East India Company in 1602. The first derivatives were traded in 1607 for that single company, with the dividend being distributed after some years. Futures trading and short-selling were also invented in Amsterdam after a few years. As of May 2021, the Market Cap of the National Stock Exchange is US$ 3.1 Trillion, with a listing of 1952 companies. Trading is a noble profession in India and is a subject of interest to thousands of traders. While there are many success stories, the market remains to be a place where people have lost a lot of money. The bottom line? Trading on emotions, by fluke and not following certain fundamental rules. Let's discover some of the trading strategies to always stay in profit: Here present 10 proven Trading strategies :

Peter Borish Awards Lunch (Dec. 15, 2021) || 361Firm

Peter Borish, Keynote 4th Global Conference + Impact Summit Nov. 16-17, 2021 __ 361Firm

On today’s episode, Mark is joined by legendary Wall Street trader, Peter Borish. In addition to his success in business, Peter is also a founding member of the Robin Hood Foundation, an organization which funds New York City educational projects for disadvantaged children, and a founding board member of Math for America, a non-profit whose goal is to improve mathematical education in U.S. public schools. The passage he has chosen to discuss with Mark is Leviticus 25:35-38. Peter begins by explaining how he predicted the 1987 stock market crash, the role of the Robin Hood Foundation, and his reasons for selecting this passage. Together, he and Mark analyze the passage and its message of treating others as family, the call for obligation and responsibility, and the importance of acting righteously particularly during times of increased difficulties such as the current pandemic. Peter finishes by stressing the need to learn about yourself, shares the advice he offers those just beginning their careers, and, as with every guest, relates the lessons about mankind which he has learned. Today’s episode focuses on our obligation and responsibility to treat others as family, and it is brought to you by two men who daily live this passage – listen in to become informed and inspired. Episode Highlights: How Peter predicted the 1987 stock market crash The role of the Robin Hood Foundation over the years Why Peter chose this passage Treating other people as family Obligation and responsibility vs. charity The importance of acting righteously particularly during times of increased difficulties The need to learn about yourself Peter’s advice to those he meets who are just beginning their careers The lessons about mankind which Peter has learned Quotes: “The stock market crash precipitated the founding of Robin Hood.” “I think that in a nutshell was a little bit of the philosophy of Robin Hood.” “They are your brothers and sisters.” “It’s the right thing to do.” “You can’t be righteous without giving.” “If you give it away, you will make it.” “Giving becomes a habit.” “You take pleasure in raising people up to your level.” “Loyalty comes because you are interested in them.” Leviticus 25:35-38 If your kinsman, being in straits, comes under your authority, and you hold him as though a resident alien, let him live by your side: do not exact from him advance or accrued interest, but fear your God. Let him live by your side as your kinsman. Do not lend him your money at advance interest, or give him your food at accrued interest. I the LORD am your God, who brought you out of the land of Egypt, to give you the land of Canaan, to be your God. https://www.sefaria.org/Leviticus.25.35-38?lang=bi&with=all&lang2=bi Links: The Rabbi’s Husband homepage: http://therabbishusband.com/ Mark’s Twitter: https://twitter.com/markgerson?lang=en

Peter Borish is a founding partner at Tudor Investment Corp and current chief strategist at Quad Group. In his long career on Wall Street, Borish has seen multiple market cycles and met with and allocated to many hedge fund managers. He shares his wisdom with listeners. Content: The need for active management in today's market (6:23). A contrarian view on ego (8:35). State of the economic cycle and deflationary pressures (10:29), political realities (14:26), concepts to keep in mind for the long run (16:31). What to look for in an investment adviser and hedge fund manager (20:46). The current state of hedge fund talent (22:57). Areas for concern in the macro picture (26:45) and possible inflection points (29:18). Not intended as investment advice. More information on Peter Borish and Quad Group: www.quadgroup.com

In our special Anniversary Edition of the Systematic Investor Podcast, we invite Peter Borish onto the show to discuss the differences between Discretionary and Systematic Investing, Peter’s journey from the New York Federal Reserve to his role at Quad Group, his experience working with Paul Tudor Jones, his opinion on the CTA industry and its current approach to attracting capital, the benefits of having solid business partners during the best and worst of times, the power of Market Cycles, how perception rather reality can affect a client’s judgement, the effectiveness of Trading coaches, and we also get Peter’s opinions on the current state of the markets.  We asked Peter many questions this week, including: Where do you draw the line between normal drawdowns, and feeling compelled to change your models?  How do you best explain the benefits of a Rules-Based Trading approach to potential clients? What does Quad Group do, and how difficult is it to find new talent?  Can the collapse of Passive Index Funds be the main driver behind the next recession? Thank you to Jim for submitting your voicemail to the show.  If any listeners would like to leave a message, you can do so here. Register your interest for our upcoming live event in New York here. You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.com Get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 and @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 -  Intro 1:20- Weekly review of returns 5:30 - Voicemail from Jim 7:20 - Peter Borish Bio 11:10 - Moritz: What sparked your interest in trading? 12:50 - Jerry: What are your opinions on me/CTAs and the evolution/future of the industry? 18:00 - Niels: Can you comment on Tony Robbins coaching Paul Tudor Jones? 22:20 - Niels: Do systematic traders need coaches? 29:40 - Moritz: How do you balance sticking to a system vs changing/evolving? 41:25 - Niels: How would you pitch TF nowadays to attract more investors? 47:10 - Jerry: How should systematic and discretionary be combined? 51:25 - Jerry: Do famous macro traders use trend but not talk about it? 57:25 - Niels: Do you think famous traders deep down are systematic? 59:10 - Niels: Please explain Quad Group and your role. 1:02:05 - Niels: How many managers do you evaluate and how many make the cut? 1:03:50 - Jerry: What’s your view on the future of hedge funds and CTAs? 1:04:50 - Jerry: What is your current macro view? 1:08:25 - Moritz: Is Quad’s trading systematic or discretionary? 1:09:10 - Moritz: Is the systematic trading in options/derivs or futures/stocks? 1:09:50 - Niels: How do you give people a specific loss limit at Quad but also want them to follow systems that may perform worse than backtests/history? 1:14:40 - Jerry: How do you help a trader grow his AUM/business at Quad? 1:17:00 - Niels: What questions do you ask potential managers? 1:18:50 - Performance recap Subscribe on:

My guest today is Peter Borish, the chief strategist of Quad Capital. He is a trading coach, helps recruit new traders and develop the company's trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work and continue to do bigger and better things. Peter believes that the quality of life for those around you is much more important than the material possessions that can be accumulated. The topic is trading. In this episode of Trend Following Radio we discuss: Compounding Individual responsibility for retirement Tax rates Robin Hood Paul Tudor Jones High frequency trading Risk management Game theory AI in trading 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!

Peter Borish is chief strategist of Quad Capital. He is a trading coach, helps recruit new traders and develop the company’s trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work and continue to do bigger and better things. Peter believes that the quality of life for those around you is much more important than the material possessions that can be accumulated. What has been a big change over the course of Peter’s career when looking at his younger trading days up until now? When he was younger he took greater risks because he had more time to recover potential losses. He was applying innovative techniques at high costs and was ok with doing that. He tells his clients two things: 1) Never minimize the pain when looking backwards from a positive outcome and 2) If you survive, you win. What advice does Peter give to the younger generation of traders trying to make it on Wall Street? Relationships matter. When you are younger and have success you think that success is going to continue. The markets are a humbling place and you will not always win. Peter has learned that building those personal relationships gets traders through the down times. Those connections need to be cultivated because you never know when that time will pay off. In this episode of Trend Following Radio: Compounding Individual responsibility for retirement Tax rates Robin Hood Paul Tudor Jones High frequency trading Risk management Game theory AI in trading

Michael Martin and Peter Borish discuss the current environment and when it looked like this before.  We also speak about what inspired him to develop his analog model that anticipated the market crash in 1987.  Peter is on the faculty at MartinKronicle and also joins the "live" Mastermind to answer our students questions.   

For years, it was pretty quiet in markets. Stocks kept making new highs and volatility drifted to fresh lows. That's changed in recent months and there's now plenty to keep investors busy, including fears of a trade war and signs that the economy be nearing the end of its cycle. On this week's episode of the podcast, we speak with Peter Borish, a veteran investor and trader (and former Odd Lots guest), who is currently chief strategist at the Quad Group. He talks about how he approaches trading in the current environment and the indicators that he tracks in order to understand what the market is trying to tell us. 

On What'd You Miss This Week, Joe Weisenthal, Scarlet Fu and Julia Chatterley spoke with Peter Borish, Quad Group Chief Strategist, about why investors need to do less and sometimes not trading can be a really great strategy. Jason Robins, the CEO of DraftKings, also joined, to discuss the potential $150 billion market for sports betting after the Supreme Court's decision this week. Then Conor Sen, Portfolio Manager for New River Investments and Bloomberg Opinion columnist, came on to talk about the supply and demand equation for higher education and whether the college admissions process is shifting to the student's favor.

Peter Borish, Chief Investment Strategist and Portfolio Manager, Quad Capital Management Advisors LLC, joined us to discuss the fundamentals of the economy, consumer trends, and areas of potential growth. Here are the details: WHAT: Webinar on the latest GDP estimate WITH: Peter Borish, Chief Investment Strategist and Portfolio Manager, Quad Capital Management Advisors LLC WHEN: Friday, April 27 at 12:30 p.m. ET / 9:30 a.m. PT

You will get fired for trading in a way where you don't have a defined edge faster than you will for poor performance.   

Live instruction from Michael Martin who is joined by Peter Borish and Brynne Kelly. Other lessons by Scott Kaminski and Tony Saliba.  Plus, special guests...

Peter Borish joins Michael Martin for his weekly visit. 

Entries don't mean anything unless you know your exit and position size. Entries are just prices. Entries, exits, and a position sizing algorithm are the 3 crown jewels to a basic trading system. Don't look at intraday charts - they are worthless and contain the most random data compared to Daily, Weekly, or Monthly charts - in that order. Trading is a game of failure - like baseball. You simulate your trading rules to a) see if they would have been profitable; and b) give you an idea if you have strong feelings about the frequency of losses and the drawdown. Trading is systematized attrition of your capital until a winner hits. Risking 1-2% per trade is insane. Start with 0.10% or 1/10th of 1%. Break your capital up into 1,000 units. Don't trade size in your initial entries. Wait for the market to show you which way it's going to go before you add more. Forget price targets. That's ego talking so that you can be "reasonable" with yourself around greed and fear. How do you know that what is a 3-bagger can't become a 10-bagger? Learn from Scott Kaminski, Victor Sperandeo, Peter Borish, Tony Saliba, or Michael Martin. 

My guest today is Peter Borish, the chief strategist of Quad Capital. He works as a trading coach and helps recruit new traders and develop the company's trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work and are continuing to do bigger and better things. Peter believes that the quality of life for those around you is much more important than the material possessions that can be accumulated. The topic is trading. In this episode of Trend Following Radio we discuss: Politics Robin Hood Foundation Risk management Discretionary trading Having objectivity in your trading Kelly criteria Own up to your mistakes 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!

Peter Borish is chief strategist of Quad Capital. He works as a trading coach and helps recruit new traders and develop the company’s trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work and are continuing to do bigger and better things. Peter believes that the quality of life for those around you is much more important than the material possessions that can be accumulated. Michael and Peter change gears from charity work, to trading and Quad Capital. Quad Capital has had only 5 or 6 down months since inception about 42 months ago. What does their multi-strategy approach consist of? They look at alpha generating, capacity constrained strategies. They also believe investors are looking at liquidity, therefore that is exactly what they provide in their funds. Peter is the business of managing risk, not just being right. Another way of putting it is, “Are you interested in making money or are you interested in being right?” We should all be in the business of making money, over being right. That being said, is Quad Capital open to other strategies that could make them money? As long as the strategy fits within their trading philosophy, then they are always open to new talent. Michael and Peter finish the conversation talking sports analogies. A lot of traders think they are Michael Jordon, but are they Michael Jordon on the Bulls? Or are they Michael Jordon on the White Sox? In this episode of Trend Following Radio: Politics Robin Hood Foundation Risk management Discretionary trading Having objectivity in your trading Kelly criteria Own up to your mistakes

History, as you may have heard, has a tendency to repeat. But does it repeat in ways that are measurable and predictable? We speak with Peter Borish, a veteran investor and trader who is currently chief strategist at the Quad Group. His experience reaches back three decades to when he worked for the legendary Paul Tudor Jones in 1985. Throughout his career, Borish has studied cycles, looking for patterns in data and human behavior, to help him anticipate turning points in markets and the economy. He talks about his approach, the use of data, how trading has changed over the course of his career -- and of course, what he thinks about the market right now.

In today's trading environment, you need more going for you than just a set of rules to make it as a trader. There's compliance, clearing and execution, legal, accounting, and creating a track record.  Most traders don't like the sales and marketing end, so they bury their heads and create trading models. Unfortunately, that is not the path to getting discovered by a seeder or allocator. An aspiring PM or trader needs to begin the thought and planning processes at the same time they are developing their models.  If you don't know what you're doing, take a course in sales and marketing.  Michael Martin ends this podcast by reiterating why you need to have your own model that you yourself have developed. 

Peter Borish is the co-founder of Tudor Investments and The Robin Hood Foundation. He's used to giving back. He is a faculty member of MartinKronicle and he works best with new traders to make sure they begin their careers well and not establish any bad habits. Needless to say, we don't get any Buyer's Remorse from Peter's students.  Peter is a very sought after executive and is an advisor to several companies and boards. He is the Chief Strategist at Quad Capital. He is a founding investor and member of the board of directors of CharityBuzz. He also served as Chairman of OneChicago. 

Michael Covel speaks with Sam Polk on today’s podcast. A friend of Covel’s that has previously been on the podcast, Peter Borish, recommended that Covel speak with Polk. Polk wrote an interesting op-ed in the New York Times called “For The Love of Money”. Polk is a former wall street banker who walked away after making millions. Today, Polk runs a non-profit to help the poor understand nutrition. However, his op-ed is definitely controversial. Covel and Polk discuss the intensity surrounding the reaction to Polk’s op-ed piece; reactions from friends and colleagues about the article; envy and jealousy in the Wall Street world; Polk’s background and life growing up; filtering cultural messages; the line between individual responsibility and being part of a system; crony capitalism; power dynamics; the mythology of risk-taking in America; the solution for the investment banks out there; and Polk’s non-profit which he runs today. Want a free trend following DVD? Go to trendfollowing.com/win.

Michael Covel recently interviewed Peter Borish, who has an unparalleled background in charity. He helps run his charity like a business; there has to be results. Because if you don't run it like a business, there is often waste. Building on that idea Covel's perspective is that Government does the opposite. Covel moves on and discusses wealth inequality between the 1% and the 99%--a favorite societal debate today. For example, the Wal-Mart heirs have the same wealth as the bottom 30-40% of America's entire population. Covel thinks that when it comes to the inequality debate, however, that the government is ultimately responsible for inequality. They're pimping out the American people to large operations, whether that's banks, insurance companies, pharmaceutical companies, and or fast food companies. Covel gets into specifics about this "pimping" behavior discussing how else the government creates inequality and discusses mandated healthcare. In the midst of all this chaos, there are trends--big ones. Covel notes that one of those trends is Singapore, and how it appears to be Ayn Rand's "Galt's Gulch". Average as a state of mind--is the poison to eliminate. Who wants to be average? You have to figure out a way to make yourself valuable--above average. Covel explores it all with attitude and tough questions. Free trend following DVD: trendfollowing.com/win.

My guest today is Peter Borish, founder, chairman, and CEO of Computer Trading Corporation. He's also a founding board member of the Robin Hood Foundation, one of the great American charities. Borish has seen much in the financial world over several decades and is a wealth of insights. The topics are charity work, political side of money, and trading side. In this episode of Trend Following Radio we discuss: Roots and successes of Borish's charity work Dealing with the fact that you can't help everybody Advice to future non-profit workers The parallels between non-profits and regular businesses Where things stand today, five years after the 2008 financial crisis If we're still in an "emergency time" today Corporate welfare vs. social welfare The lurking black swan and possible equity bubble Discussing whether March of 2009 was like July of 1932 The impact of the internet Borish's book recommendations and early experiences Taking the emotions out of trading 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 to Peter Borish, founder, chairman, and CEO of Computer Trading Corporation. He's also a founding board member of the Robin Hood Foundation, one of the great American charities. Borish has seen much in the financial world over several decades and is a wealth of insights. Covel and Borish have a wide-ranging conversation, covering Borish's charity work, the political side of money, and the trading side. They discuss subjects such as the roots and successes of Borish's charity work; dealing with the fact that you can't help everybody; advice to future non-profit workers; the parallels between non-profits and regular businesses; where things stand today, five years after the 2008 financial crisis; if we're still in an "emergency time" today; corporate welfare vs. social welfare; the lurking black swan and possible equity bubble; discussing whether March of 2009 was like July of 1932; the impact of the internet; Borish's book recommendations and early experiences; and taking the emotions out of trading. Complimentary trend following DVD: www.trendfollowing.com/win.