Trend Following (Updated Edition)

Joel Richards nails this audiobook’s tone—equal parts motivational rallying cry and forensic market analysis. His voice lands like a coach barking orders from the trading floor, yet he dials it back seamlessly for the book’s deeper dives into behavioral finance and historical patterns. The standout moment? His delivery of Covel’s takedown of ‘expert’ predictions, where Richards’ sarcasm cuts through the usual finance-speak drivel. That said, the audio’s production isn’t flawless. The occasional abrupt cut between interview clips and Covel’s narration creates a jarring rhythm, and the compression on Richards’ voice sometimes flattens out in quieter sections, muffling key anecdotes. Still, the storytelling shines when Covel recounts real traders’ wins and wipeouts—like the 2008 collapse of a fund that ignored trend signals, or a 1980s cattle trader who turned $5,000 into $50 million by betting on rallies. The book’s updated edition excels at bridging classic trend-following wisdom with modern markets, but it’s not for passive listeners. Richards’ performance demands attention, and Covel’s no-nonsense ethos will either energize you or frustrate you—there’s no middle ground.