Ep. 204: Russell Napier Interview with Michael Covel on Trend Following Radio

My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following. The topic is his book Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms. In this episode of Trend Following Radio we discuss: Why the average person will never see an interest for their savings again in their lifetime How the choice of equities is made for many How we’re not really in a free-market capitalistic world Why Napier thinks we’re on the eve of a major deflationary period How the equity bull market causes people to simply not think (or question).  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!