Ep. 1078: Bill Dreiss Interview with Michael Covel on Trend Following Radio

<p>My guest today is Bill Dreiss, a scientist and a seasoned trading veteran with a multi-decade trading track record. He graduated from MIT with a degree in Electrical Engineering. After obtaining an MBA from Harvard, Dreiss worked at a think tank in the late 1960s. Dreiss is a systematic trend follower and uses his own proprietary methodologies, the Fractal Wave Algorithm (FWA) and the Choppiness Index (CI).</p> <p>The topic is trend following.</p> <p>In this episode of Trend Following Radio we discuss:</p> <ul> <li>Benoit Mandelbrot</li> <li>Donchian strategy</li> <li>Daniel Kahneman</li> <li>Mental benefits of surfing</li> <li>Geometrical aspect of traditional technical analysis</li> <li>Fractal Wave Algorithm (FWA)</li> <li>Bayesian decision theory</li> <li>Fundamental characteristics of human psychology and economics.</li> </ul> <p>Jump in!</p> <p>---</p> <p>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.</p> <p>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: <a href= "https://www.trendfollowing.com/trend/" target="_blank" rel= "noopener">https://www.trendfollowing.com/trend/</a></p> <p>You can watch a free video here: <a href= "https://www.trendfollowing.com/video/" target="_blank" rel= "noopener">https://www.trendfollowing.com/video/</a></p> <p>Can’t get enough of this episode? You can choose from my thousand plus episodes here: <a href= "https://www.trendfollowing.com/podcast" target="_blank" rel= "noopener">https://www.trendfollowing.com/podcast</a></p> <p>My social media platforms:<br /> Twitter: <a href="https://twitter.com/covel" target="_blank" rel= "noopener">@covel</a><br /> Facebook: <a href="https://www.facebook.com/trendfollowing/"