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Trend Following Is An Illusion! Cover Your Eyes!
I get critics with agendas every so often. They are always sure that they have found the “hole” in trend following. Here is one. My response: Geetesh Bhardwaj has no idea what he is talking about when it comes to trend following trading — regardless of how many degrees and awards are...
Criticism of “The Complete TurtleTrader”
I caught some criticism of “The Complete TurtleTrader” recently that was worth responding to. People should keep in mind that the Turtle story has spanned three decades and dozens upon dozens of people. As a biographer of such a story you have to make decisions about who the real players are and...
Michael Moore Kills Capitalism With Kool-Aid
This is my review of Michael Moore’s new film appearing today. Shout out to The Daily Reckoning for publishing it. ShareThis
Is Covel A Hypocrite?
After my presentation in Brazil I received many questions. One in particular stood out for me. After the audience of 600 had just listened to me preach about the negatives of media and press (in my film), I was asked how I was different. Actually, it is a great question. It really comes down to...
Crazies to Left and Crazies to the Right of Me
This is an article of mine that appeared recently. Here is some feedback I saw on another forum about the article: As with most TASC, Futures, or other mag articles. Long on claims, opinions, cherry-picked examples/backtests, etc. Short on evidence…You of course, are going to supply...
Rock and Markets
From Victor Niederhoffer’s blog on August 14th: I next attended a Don McLean concert and heard his song American Pie, which reminded me so much of all the trend following books that I’ve read which did so much good 50 years ago and have been voluminous though completely out of date since....
A Want for Criticism
Nassim Taleb recently said: “When I don’t receive criticism from finance people & empty suits I feel I am doing something wrong.” I agree 100%, but I would add that I want the criticism from the crazies too. They can’t be left out of the equation. ShareThis
Come On At Least Make it A Good Argument!
A recent reviewer was very short: Anyone familiar with the concept of survivorship bias should be appalled by Covel’s use of selected historical returns to demonstrate the efficacy of his trading advice. The book is essentially a long-winded sales pitch — like a text infomercial — full of useful...
David Merkel: Defending A Wrong View to the Bitter End
This review caught my attention: This review is unlikely to make me friends, and likely to generate some negative mail. Let me start with the conclusion: don’t buy the book. That said, my reasons for stating this are different from those who typically criticize Michael Covel. I agree with much...
Buy and Die
I welcome contributors to add comments to this review. I figure there are many readers who may have a point of view to add in rebuttal. The idea that a top reviewer at Amazon is so intoxicated on the Kool-aid of buy and hold still in April 2009 is surprising. Here is the review: This book could...
Partisan Nonsense
Feedback in regarding a recent post of mine: Why can’t people give Clinton credit for anything? You can certainly say Clinton did have a bubble that helped balance the budget. You can question the accounting. However, he still “balanced” the budget. Bush had probably one of the largest housing...
Cramer on Coal
I just about spit food out of my mouth laughing at a line from Cramer. He said that if Obama doesn’t get things going in the right direction, forget clean coal, we will be eating coal. Ok. Jim. Great line. You win on that!
No Dice Frankie
“Frankie” just posted that I was being too partisan on this blog of late. My response: Frankie you are nowhere close to accurate. A refresher: 1. I am not partisan. If you read closely what I write you will see that. I guess you missed the posts where I have declared I don’t sit down at the...
Non-Specific Criticism; Come On Spell It Out!
Feedback in today: “I read your book [Trend Following], it was OK but too verbose, you could have got the same message across in a 5th of the volume, wasting less of our valuable time.” I am sorry for wasting the “valuable time” of the 100,000+ purchasers of my book! In all seriousness my book...
