Michael Covel: News & Info.

The December issue of Trader Monthly has several Turtle related articles including this one (PDF) I authored that covers Richard Dennis to Jerry Parker to Salem Abraham. Beyond the magazine readers may find the contrast between Jerry Parker and not successful Turtles even more illuminating. The first link is a trading presentation by Parker. The second link is a self-produced political video by a Turtle who doesn’t trade. The two presentations are a great illustration why some Turtles made it and why some did not. Bottom line, twenty years after the ending of the Turtle experiment it is Jerry Parker, the most successful Turtle, who provides the winning trading lessons.

In New York City for two days of shooting now. Six interviews total for this particular two day shoot. Details to follow.

Come on. China is huge. It is diverse. However, isn’t America not reaching a point of hysteria when all you hear coming from US media are stories about “Chinese toy problems”? If the average American visited China they would see far more going on than the silly media portrayals of Communists making dangerous toys for American kids. American is quickly becoming protectionist in a world that could care less. There is too much capitalism outside the US and they don’t need our permission to make money. Toy problem? The buck stops with the company who sells the toys in the US. If they sell bad toys, they are responsible.

Got impulse control? Will we as humans ever graduate?

Except attorneys where “pessimism is considered prudence”, our brains are mostly optimistic. A nice read in the WSJ.

13 days on the road shooting for a film documentary has made regular and interesting posts difficult. We finish shooting at the end of November.

The Bernanke cycle.

Before I spoke today at an event in Macau (China), I was lucky enough to land a quick interview with legendary Asian investor Mark Mobius. For those with a memory a few years back I am sure Mobius’ commercials will ring a bell. While we only had a few minutes on camera he brought making money back to the basics: psychology. Understanding the market psychology and your own psychology was his message.

From the AP:

Former British prime minister Tony Blair said on Monday that the world must pay attention to the rise of China and try to understand the Communist state in order to build alliances with it.

Will the West ever get past the “fear”? I am in China (Macau) right now. This place is exploding. Everyone here appears excited about business. EVERYONE is a capitalist. What is there to understand? How come The Venetian (and Sheldon Adelson) understands it, but the former PM of Britain doesn’t get it? Enough politics. China is here. They are an economic engine and they are not slowing down. If you can’t get that, well, you are going to miss out on some severe investment opportunities in the years to come.

What would it take to send the U.S. economy into free fall? A doomsday primer. Be very afraid (or something like that)!