My guest today is Anthony Todd, the CEO of Aspect Capital, one of the most successful managed futures trend following firms. Todd co-founded Aspect in September 1997. Before that, he was with AHL.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

• Why prices aren’t random
• Finding an inefficiency that the academic financial community refuses to acknowledge
• The idea of “predictable” patterns in the market
• The desire to know static positions
• How crowd behavior drives trends
• Addressing misconceptions
• Using fundamentals in a systematic way
• Defining Todd’s medium-term style of trend following
• Why “it’s less about the genius of the trade and more about the repeatability of the approach”
• How long you can be in a particular market before you give up on it
• Client understanding of trend following drawdowns
• The phraseology of “crisis alpha”
• The culture that Todd has built at Aspect
• Todd’s advice to young entrepreneurs.

Jump in!

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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/

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