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.

Today on the podcast, Michael Covel speaks with Daniel Simons. Simons is an experimental psychologist, cognitive scientist, and Professor in the Department of Psychology and the Beckman Institute for Advanced Science and Technology at the University of Illinois. Simons is most well known for his work on change blindness and inattentional blindness, two surprising examples of how people can be unaware of information right in front of their eyes. His research interests also include visual cognition, perception, memory, attention, and awareness. Covel relates all this to trading and trend following, particularly the price of oil in early 2015. Covel and Simons discuss Simons’ YouTube success; the definition of inattentional blindness; why our intuition about our own minds is often wrong; money managers and weather forecasters; serial tasking, multitasking, and focus; how Simons became immersed in this area of study; memory and attention, and the myths and misconceptions surrounding them; the notion of intuition. gut decisions, and Simons’ thoughts on Malcolm Gladwell’s “Blink”; the idea of preparation in relation to expert performance; the science behind eyewitness testimony; and how our minds don’t work the way we think they do. For more information on Daniel Simons, go to dansimons.com or invisiblegorilla.com. Want a free trend following DVD? Go to trendfollowing.com/win.

Direct download: 310.mp3
Category:general -- posted at: 10:00pm EDT

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