Michael Covel’s Trend Following is a long-running interview-based podcast that explores the intersection of systematic trading strategies, decision-making, and human behavior. Hosted by author and researcher Michael Covel, the series serves as an extension of his work on trend-following investment philosophies, moving beyond technical market analysis to examine the broader psychological and economic principles that govern successful risk management.
The program has produced over 1,200 episodes, establishing an extensive archive that covers diverse disciplines including economics, biology, politics, and entrepreneurship. Rather than focusing exclusively on short-term market movements, Covel engages with guests to uncover the underlying patterns of human decision-making and the logic of rule-based systems. The show’s editorial focus is built on the premise that understanding uncertainty and managing risk are essential skills across all professional and personal domains.
The guest list features a wide array of high-profile intellectuals and practitioners. This includes several Nobel Prize winners in Economic Sciences, such as Daniel Kahneman, Robert Aumann, and Harry Markowitz. The show also features legendary traders like Ed Seykota and Larry Hite, alongside influential authors and thinkers like Tim Ferriss, Steven Kotler, and Philip Tetlock. These conversations often delve into complex topics such as behavioral finance, game theory, and the philosophy of antifragility.
Each episode typically adopts a long-form interview format, though Covel also provides solo commentaries on current events and timeless trading principles. The podcast attracts a global audience of professional traders, retail investors, and individuals interested in systemic thinking. By providing access to high-level intellectual discourse, the show provides a platform for challenging conventional wisdom and promoting a more rigorous, evidence-based approach to investing and navigating complex systems. Operating for over a decade, the program has surpassed 15 million listens, making it a significant resource in the financial and educational audio space.