Michael W. Covel was born on September 1, 1968, in Quantico, Virginia. He is a renowned author, entrepreneur, and film director, best known for his work in the financial industry. Covel's professional journey began in 1996 when he co-founded TurtleTrader, a pioneering online resource focused on trend following, an investment strategy that allows traders to profit in both up and down markets.
Covel's educational background is impressive, having graduated with a Bachelor of Arts degree in Politics and Government from George Mason University and later earning his Master of Business Administration degree from Florida State University. His academic achievements have undoubtedly contributed to his success as a bestselling author and entrepreneur.
Covel's literary contributions are noteworthy, particularly his book "Trend Following: Learn to Make Millions in Up or Down Markets," which has become an international bestseller. The book features insights from renowned traders such as David Harding, John W. Henry, Ed Seykota, Richard Donchian, Jesse Lauriston Livermore, and Larry Hite, among others. The book's success can be attributed to its comprehensive analysis of detailed performance data, demonstrating the effectiveness of trend following as an investment strategy.
In addition to his literary endeavors, Covel has also ventured into film direction. His documentary film, "Broke: The New American Dream," premiered on Discovery Channel and explores various economic themes, including the 2008 United States housing bubble, stock-market volatility, and growing economic uncertainty. The film features interviews with prominent financial and economist figures, including Harry Markowitz, Vernon L. Smith, Mark Mobius, David Harding, Michael Mauboussin, Larry Hite, Peter Borish, Richard Baker, Barry Ritholtz, Chris Van Hollen, and Eric Bolling.
Throughout his career, Covel has been vocal about his criticisms of financial news networks, such as CNBC, which he believes prioritize ratings over providing accurate and informative content. He has also emphasized the importance of personal responsibility in investment decisions, advocating for a more informed and cautious approach to financial planning.
Overall, Michael W. Covel is a respected figure in the financial industry, known for his insightful writings, entrepreneurial spirit, and thought-provoking documentaries. His contributions have had a significant impact on the investment community, and his work continues to inspire and educate individuals around the world.
