Trend Following with Michael Covel
Bestselling author Michael Covel is the host of Trend Following Radio with 8+ million listens. Investments, economics, decision-making, human behavior & entrepreneurship--all passionately explored. Guests include Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. Also: James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. All 800+ eps at www.trendfollowing.com/podcast.

It might seem like common sense, but clearly it's not being practiced. We all know that markets are volatile. They go up and down. You can get hurt, and getting hurt is part of the game. Even though you can get hurt in the markets or life, that doesn't stop people from pretending. Covel gives some examples to illustrate, and makes an analogy to the Federal Reserve. How have we gotten to the point where some failure, some losing, has been deemed so inappropriate that we're going to try and protect everyone and everything? This has become the way of the markets; the way of life. However, the markets and life are rough. But if the vast majority of people are just trusting their money to a big monolith of a machine, that gives you a leg up. If you have rules that are opposite to what the vast majority of people are doing, that should give you an edge. Free trend following DVD: www.trendfollowing.com/win.

Direct download: 172.mp3
Category:general -- posted at: 12:59pm EST

1