Trend Following with Michael Covel
Bestselling author Michael Covel is the host of Trend Following Radio with 7+ 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 600+ eps at www.trendfollowing.com/podcast.

Stop Looking for Efficiency with Michael Covel on Trend Following Radio.

Direct download: 790.mp3
Category:general -- posted at: 10:00pm EDT

Scott Kupor is the managing partner of Andreessen Horowitz. He has overseen the firm’s rapid growth to one hundred fifty employees and more than $7 billion in assets under management.

What are venture capitalists saying about your startup behind closed doors? And what can you do to influence that conversation?

If Silicon Valley is the greatest wealth-generating machine in the world, Sand Hill Road is its humming engine. That’s where you’ll find the biggest names in venture capital, including famed VC firm Andreessen Horowitz, where lawyer-turned-entrepreneur-turned-VC Scott Kupor serves as managing partner.

Whether you’re trying to get a new company off the ground or scale an existing business to the next level, you need to understand how VCs think. In Secrets of Sand Hill Road, Kupor explains exactly how VCs decide where and how much to invest, and how entrepreneurs can get the best possible deal and make the most of their relationships with VCs. Kupor explains, for instance:

Why most VCs typically invest in only one startup in a given business category.

Why the skill you need most when raising venture capital is the ability to tell a compelling story.

How to handle a “down round,” when startups have to raise funds at a lower valuation than in the previous round.

What to do when VCs get too entangled in the day-to-day operations of the business.

Why you need to build relationships with potential acquirers long before you decide to sell.

Michael digs into Kupor’s firsthand experiences, insider advice, and practical takeaways. His book Secrets of Sand Hill Road is the guide every entrepreneur needs to turn their startup into the next unicorn.

Direct download: 789.mp3
Category:general -- posted at: 10:00pm EDT

What We have Here Is a Thinking Problem with Michael Covel on Trend Following Radio.

Direct download: 788.mp3
Category:general -- posted at: 9:53pm EDT

Ten Years a Nomad is Nauthor Matt Kepnes’ poignant exploration of wanderlust and what it truly means to be a nomad. Part travel memoir and part philosophical look at why we travel, it is filled with aspirational stories of Kepnes' many adventures.

Kepnes knows what it feels like to get the travel bug. After meeting some travelers on a trip to Thailand in 2005, he realized that living life meant more than simply meeting society's traditional milestones, such as buying a car, paying a mortgage, and moving up the career ladder. Inspired by them, he set off for a year-long trip around the world before he started his career. He finally came home after ten years. Over 500,000 miles, 1,000 hostels, and 90 different countries later, Matt has compiled his favorite stories, experiences, and insights into this travel manifesto. Filled with the color and perspective that only hindsight and self-reflection can offer, these stories get to the real questions at the heart of wanderlust. Travel questions that transcend the basic "how-to," and plumb the depths of what drives us to travel ― and what extended travel around the world can teach us about life, ourselves, and our place in the world.

Ten Years a Nomad is for travel junkies, the travel-curious, and anyone interested in what you can learn about the world when you don’t have a cable bill for a decade or spend a month not wearing shoes living on the beach in Thailand.

Direct download: 787.mp3
Category:general -- posted at: 10:00pm EDT

Talent Is the Scarce Resource with Michael Covel on Trend Following Radio.

Direct download: 786.mp3
Category:general -- posted at: 10:00pm EDT

One of our fundamental desires as humans is our need to feel useful. The process of creating something or building a skill is at the center of a fulfilling life.

This is problematic when you consider the world we live in today. So many jobs are characterized by menial tasks, endless meetings, and little tangible impact. How can we redefine the way we get things done to better reflect our basic needs?

Dan Cable is Professor of Organizational Behavior at London Business School, and he believes he has the answer, or at least the tools, to equip people that want more out of their nine-to-five existence.  His book Alive at Work shows many of the reasons for unhappiness at work. Organizations aren’t encouraging us to explore and learn, so we often find ourselves only partially engaged in work. The book is filled with real-world examples and outlines how both employees and leaders can ignite the curiosity and passion that drives us to achieve.

Dan’s research and teaching focus on employee engagement, change, organizational culture, leadership mindset, and the linkage between brands and employee behaviors. Dan was selected for the 2018 Thinkers50 Radar List, The Academy of Management has twice honored Dan with “Best article” awards, and The Academy of Management Perspectives ranked Dan in the “Top 25 most influential management scholars.”

Direct download: 785.mp3
Category:general -- posted at: 10:00pm EDT

Trend Following Legend Wisdom with Michael Covel on Trend Following Radio.

Direct download: 784.mp3
Category:general -- posted at: 10:00pm EDT

Nudge meets Hooked in a practical approach to designing products and services that change behavior, from what we buy to how we work.

Deciding what to create at modern companies often looks like an episode of Mad Men: people throw ideas around until one sounds sexy enough to execute and then they scale it to everyone. The result? Companies overspend on marketing to drive engagement with products and services that people don't want and won't help them be happier and healthier.

Start at the End offers a new framework for design, grounded in behavioral science. Technology executive and behavioral scientist Matt Wallaert argues that the purpose of everything is behavior change. By starting with outcomes instead of processes, the most effective companies understand what people want to do and why they aren't already doing it, then build products and services to bridge the gap.

Wallaert is a behavioral psychologist who has led product design at organizations ranging from startups like Clover Health to industry leaders such as Microsoft. Whether dissecting the success behind Uber's ridesharing service or Flamin' Hot Cheetos, he underscores with clarity and humor how this approach can improve the way we work and live.

This is an essential roadmap for building products that matter--and changing behavior for the better.

Direct download: 783.mp3
Category:general -- posted at: 10:00pm EDT

Going Back to MIT with Michael Covel on Trend Following Radio.

Direct download: 782.mp3
Category:general -- posted at: 10:00pm EDT

The course of my life was significantly changed by the internet.

My business, my life in Asia–all a product of the freedom and opportunity that the internet has provided. It’s there for the taking if you’re willing to work.

This week I had the opportunity to sit down and chat with someone who’s life path was also significantly altered by the digital revolution. Mike Jackness is the CEO of Terran, an eCommerce company that builds and operates unique brands and content sites. He is also the cofounder of Ecom Crew, a blog and podcast dedicated to showing what goes on behind the scenes while running a seven-figure eCommerce brand.

Getting his start in the online poker world over a decade ago, Mike ran one of the largest poker affiliate companies in the world until new legislation brought the whole industry to a halt. From there, he ventured into ecommerce with Treadmill.com, which he then sold in 2014. Since then, he has started multiple other ecommerce brands with total revenues over $7 million annually.

Direct download: 781.mp3
Category:general -- posted at: 10:00pm EDT

Earl Weaver, AI and Motivation with Michael Covel on Trend Following Radio.

Direct download: 780.mp3
Category:general -- posted at: 10:00pm EDT

One of the most successful companies of the digital age, The Alibaba Group, are obvious innovators when it comes to utilizing emerging technology in business strategy. Their Executive Vice President, the former Chief of Staff and strategy advisor to founder Jack Ma, opens up on how the new landscape is shaping how value is created.

Dr. Ming Zeng has conducted extensive research on e-commerce, the growth strategy of Chinese companies, the competition and cooperation between Chinese and multinational firms, and how the emergence of Chinese competitors is changing global competition. He knows the landscape of digital business and has contributed to creating a global powerhouse that is reshaping how businesses operate.

With access to the latest technologies, Zeng has seen first-hand how artificial intelligence, machine learning, the mobile internet, and cloud computing are redefining how value is created. He explains how Alibaba and companies like them are using these technologies to automate decisions, develop new products, and plan strategic positioning.

Smart Business: What Alibaba's Success Reveals about the Future of Strategy is his simple, overarching framework to guide strategy formulation and execution in this data-rich and highly interactive environment. It’s accessible and written to shed light on these successful companies to those outside of the technology industry and startups.

Ming Zeng was chief strategy officer of Alibaba Group from January 2008 to 2019. He joined the company in August 2006 as executive vice president of strategy, and served as acting president of China Yahoo! from November 2006 to December 2007.

Direct download: 779.mp3
Category:general -- posted at: 9:00pm EDT

Feynman Teaches Us All with Michael Covel on Trend Following Radio.

Direct download: 778.mp3
Category:general -- posted at: 10:00pm EDT

One of the start-up world’s most in-demand executive coaches—hailed as the “CEO Whisperer” (Gimlet Media)—reveals why radical self-inquiry is critical to professional success and healthy relationships in all realms of life.

Jerry Colonna helps start-up CEOs make peace with their demons, the psychological habits and behavioral patterns that have helped them to succeed—molding them into highly accomplished individuals—yet have been detrimental to their relationships and ultimate well-being. Now, this venture capitalist turned executive coach shares his unusual yet highly effective blend of Buddhism, Jungian therapy, and entrepreneurial straight talk to help leaders overcome their own psychological traumas. Reboot is a journey of radical self-inquiry, helping you to reset your life by sorting through the emotional baggage that is holding you back professionally, and even more important, in your relationships.

Jerry has taught CEOs and their top teams to realize their potential by using the raw material of their lives to find meaning, to build healthy interpersonal bonds, and to become more compassionate and bold leaders. In Reboot, he inspires everyone to hold themselves responsible for their choices and for the possibility of truly achieving their dreams.

Work does not have to destroy us. Work can be the way in which we achieve our fullest self, Jerry firmly believes. What we need, sometimes, is a chance to reset our goals and to reconnect with our deepest selves and with each other. Reboot moves and empowers us to begin this journey.

***

The founder and CEO of Reboot.IO, Inc. Colonna is a certified professional coach, Colonna draws on his wide variety of experiences to help clients design a more conscious life and make needed changes to their career to improve their performance and satisfaction. He established his coaching practice in 2007. Prior to this work, Colonna was venture capitalist focused on investing in early stage technology-related startups.

In 2002, Colonna became a partner with J.P. Morgan Partners (JPMP), the private-equity arm of J.P. Morgan Chase where he led the firm’s investments in companies such as ProfitLogic Inc. Colonna served as a director at ProfitLogic until its purchase by Oracle Inc.

Direct download: 777.mp3
Category:general -- posted at: 10:00pm EDT

Getting Rich The Smart Way with Michael Covel on Trend Following Radio.

Direct download: 776.mp3
Category:general -- posted at: 8:45pm EDT

Christian Terwiesch is the Andrew M. Heller Professor at the Wharton School of the University of Pennsylvania. He is Co-director of the Mack Institute for Innovation Management, and also holds a faculty appointment In Penn’s Perelman School of Medicine. From small start-ups to Fortune 500 companies, Christian has helped companies become more innovative, often by implementing innovation tournament events and by helping to restructure their innovation portfolio.

Nicolaj Siggelkow is the David M. Knott Professor of Management at the Wharton School, University of Pennsylvania. He is a Co-Director of the Mack Institute for Innovation Management. Having spearheaded groundbreaking research on strategy, Nicolaj has been named a Fellow of the Strategic Management Society, the world’s leading association of strategy researchers. He has run strategy workshops for Fortune 500 organizations and small firms alike, helping develop and analyze their strategies.

Today the professors join Michael to posit the question: What if there were a way to turn occasional, sporadic transactions with customers into long-term, continuous relationships–while simultaneously driving dramatic improvements in operational efficiency? What if you could break your existing trade-offs between superior customer experience and low cost?

This is the promise of a connected strategy. New forms of connectivity–involving frequent, low-friction, customized interactions–mean that companies can now anticipate customer needs as they arise, or even before. Simultaneously, enabled by these technologies, companies can create new business models that deliver more value to customers. Connected strategies are win-win: Customers get a dramatically improved experience, while companies boost operational efficiency.

Nicolaj Siggelkow and Christian Terwiesch reveal the emergence of connected strategies as a new source of competitive advantage. With in-depth examples from companies operating in industries such as healthcare, financial services, mobility, retail, entertainment, nonprofit, and education, Connected Strategy identifies the four pathways–respond-to-desire, curated offering, coach behavior, and automatic execution–for turning episodic interactions into continuous relationships. The authors show how each pathway creates a competitive advantage, then guide you through the critical decisions for creating and implementing your own connected strategies.

Direct download: 775.mp3
Category:general -- posted at: 10:00pm EDT

Dinosaur Hunting with Michael Covel on Trend Following Radio.

Direct download: 774.mp3
Category:general -- posted at: 8:50pm EDT

The Godmother of Silicon Valley, legendary teacher, and mother of a Super Family shares her tried-and-tested methods for raising happy, healthy, successful children using Trust, Respect, Independence, Collaboration, and Kindness: TRICK.

Esther Wojcicki—“Woj” to her many friends and admirers—is famous for three things: teaching a high school class that has changed the lives of thousands of kids, inspiring Silicon Valley legends like Steve Jobs, and raising three daughters who have each become famously successful. What do these three accomplishments have in common? They’re the result of TRICK, Woj’s secret to raising successful people: Trust, Respect, Independence, Collaboration, and Kindness. Simple lessons, but the results are radical.

Wojcicki’s methods are the opposite of helicopter parenting. As we face an epidemic of parental anxiety, Woj is here to say: relax. Talk to infants as if they are adults. Allow teenagers to pick projects that relate to the real world and their own passions, and let them figure out how to complete them. Above all, let your child lead. How to Raise Successful People offers essential lessons for raising, educating, and managing people to their highest potential. Change your parenting, change the world.

Note: Her husband is Stanford University professor of physics Stanley Wojcicki. They have three daughters: Susan (CEO of YouTube), Janet, a Fulbright-winning anthropologist, Assistant Professor of Pediatrics and researcher, and Anne (co-founder of 23andMe).

Direct download: 773.mp3
Category:general -- posted at: 10:00pm EDT

Wake Up and Think with Michael Covel on Trend Following Radio. A special mega episode!

Direct download: 772.mp3
Category:general -- posted at: 10:00pm EDT

Art Markman is the Annabel Irion Worsham Centennial Professor of Psychology and Marketing at the University of Texas at Austin. He is also the Founding Director of the Program in the Human Dimensions of Organizations. The HDO program brings the humanities and the social behavioral sciences to people in business. Art’s research explores thinking. He has studied the way people form and use analogies, the mechanisms of decision making, the modes that allow people to form categories, and the influences of motivation on reasoning. Art is also the executive editor of the journal Cognitive Science and is a former executive officer of the Cognitive Science Society.

If you’re in a job interview, how should you think about the mindset of the interviewer? If you’ve just been promoted, how do you handle the tensions of managing former peers? And what are the telltale mental signs that it’s time to start planning your next career move?

We know that psychology can teach us much about behaviors and challenges relevant to work, such as making better decisions, influencing people, and dealing with stress. But many popular books on these topics analyze them as universal human phenomena without providing real-life, constructive career help.

Bring Your Brain to Work changes all that. Art Markman focuses on three essential elements of a successful career–getting a job, excelling at work, and finding your next position–and expertly illustrates how cognitive science, especially psychology, sheds fascinating and useful light on each of these elements.

To succeed at a job interview, for example, you need to understand the mindset of the interviewer and know how to come across as exactly the individual the company wants to hire. To keep that job, it’s critical to master the mental challenge of learning every day. Finally, careers require constant development, so you need to be able to sense when it’s time to move up or out and to prepare yourself for the move. So many of the hurdles you face throughout your career are, first and foremost, psychological challenges, and Markman shows you how to use your different mental systems–motivational, social, and cognitive–to manage them more effectively.

Integrating the latest research with engaging stories and examples from across the professional spectrum, Bring Your Brain to Work gets inside your head, helping you to succeed through a better understanding of yourself and those around you.

Direct download: 771.mp3
Category:general -- posted at: 10:00pm EDT

Social Control Arrives with Michael Covel on Trend Following Radio.

Direct download: 770.mp3
Category:general -- posted at: 10:00pm EDT

Jeff Dyer (Ph.D UCLA) is the Horace Beesley professor of strategy at Brigham Young University as well as professor of strategy at the Wharton School, University of Pennsylvania. Before becoming a professor he spent five years as a consultant and manager at Bain & Company, a top management consultancy. His book “The Innovator’s DNA: Mastering the Five Skills of Disruptive Innovators”, with Harvard professor Clayton Christensen and MIT professor Hal Gregersen, identifies the behaviors of the world’s best innovators to demonstrate how individuals can enhance their own innovator DNA and increase the innovation capabilities of their organizations.

Today Jeff and Michael discuss his newest book Innovation Capital. You see, great leaders of innovation know that creativity is not enough. They succeed not only on the basis of their ideas, but because they have the vision, reputation, and networks to win the backing needed to commercialize them. It turns out that this quality–called “innovation capital”–is measurably more important for innovation than just being creative.

The authors have spent decades studying how people get great ideas (the subject of The Innovator’s DNA) and how people test and develop those ideas (explored in The Innovator’s Method). Now they share what they’ve learned from a multipronged research program designed to determine how people compete for, and obtain, resources to launch new ideas.

How you can build a personal reputation for innovation. What techniques you can use to amplify your innovation capital. How you can garner attention for your ideas and projects and persuade audiences to support them. What it means to provide visionary leadership and how you can achieve it. Featuring interviews with the superstars of innovation–individuals like Jeff Bezos (Amazon), Elon Musk (Tesla), Marc Benioff (Salesforce), Indra Nooyi (PepsiCo), and Shantanu Narayen (Adobe)–Jeff dives in deep.

Direct download: 769.mp3
Category:general -- posted at: 10:00pm EDT

Cheerios and Failure with Michael Covel on Trend Following Radio.

Direct download: 768.mp3
Category:general -- posted at: 10:00pm EDT

After a lifelong fascination with financial markets, Steve Burns started investing in 1993, and trading his own accounts in 1995. It was love at first trade. A natural teacher with a gift for cutting through the bull and making complex ideas simple, Steve took to blogging and social media by founding New Trader U in 2011.

Since then, New Trader U has attracted hundreds of thousands of visits a month, becoming the go-to resource for people who want to build a strong trading foundation. New Trader U offers an extensive blog resource with more than 1,000 original articles, as well as online courses and best-selling books covering a variety of topics.

Steve and Michael get together once again on the podcast–an ongoing conversation going back to 2013!

Direct download: 767.mp3
Category:general -- posted at: 10:00pm EDT

Keep Going with Michael Covel on Trend Following Radio.

Direct download: 766.mp3
Category:general -- posted at: 10:00pm EDT

David Weinberger is an American technologist, professional speaker, and commentator, probably best known as co-author of the Cluetrain Manifesto (originally a website, and eventually a book, which has been described as “a primer on Internet marketing”). Weinberger’s work focuses on how the Internet is changing human relationships, communication, knowledge and society.

Artificial intelligence, big data, modern science, and the internet are all revealing a fundamental truth: The world is vastly more complex and unpredictable than we’ve allowed ourselves to see. Now that technology is enabling us to take advantage of all the chaos it’s revealing, our understanding of how things happen is changing–and with it our deepest strategies for predicting, preparing for, and managing our world. This affects everything, from how we approach our everyday lives to how we make moral decisions and how we run our businesses.

Take machine learning, which makes better predictions about weather, medical diagnoses, and product performance than we do–but often does so at the expense of our understanding of how it arrived at those predictions. While this can be dangerous, accepting it is also liberating, for it enables us to harness the complexity of an immense amount of data around us. We are also turning to strategies that avoid anticipating the future altogether, such as A/B testing, Minimum Viable Products, open platforms, and user-modifiable video games.

Through stories from history, business, and technology, philosopher and technologist David Weinberger finds the unifying truths lying below the surface of the tools we take for granted–and a future in which our best strategy often requires holding back from anticipating and instead creating as many possibilities as we can. The book’s imperative for business and beyond is simple: Make. More. Future. The result is a world no longer focused on limitations but optimized for possibilities.

Direct download: 765.mp3
Category:general -- posted at: 10:00pm EDT

A Beijing Journey with Michael Covel on Trend Following Radio. You have not been yet? Go. See it.

Direct download: 764.mp3
Category:general -- posted at: 10:00pm EDT

Based on eight years of research visiting dozens of startups, tech companies and incumbents, Harvard Business School professor Thales Teixeira shows how and why consumer industries are disrupted, and what established companies can do about it—while highlighting the specific strategies potential startups use to gain a competitive edge.

There is a pattern to digital disruption in an industry, whether the disruptor is Uber, Airbnb, Dollar Shave Club, Pillpack or one of countless other startups that have stolen large portions of market share from industry leaders, often in a matter of a few years.

As Teixeira makes clear, the nature of competition has fundamentally changed. Using innovative new business models, startups are stealing customers by breaking the links in how consumers discover, buy and use products and services. By decoupling the customer value chain, these startups, instead of taking on the Unilevers and Nikes, BMW’s and Sephoras of the world head on, peel away a piece of the consumer purchasing process. Birchbox offered women a new way to sample beauty products from a variety of companies from the convenience of their homes, without having to visit a store. Turo doesn’t compete with GM. Instead, it offers people the benefit of driving without having to own a car themselves.

Illustrated with vivid, indepth and exclusive accounts of both startups, and reigning incumbents like Best Buy and Comcast, as they struggle to respond, Unlocking the Customer Value Chain is an essential guide to demystifying how digital disruption takes place – and what companies can do to defend themselves.

Direct download: 763.mp3
Category:general -- posted at: 10:00pm EDT

A Wild Takeoff and Bezos the Trend Trader Revisited with Michael Covel on Trend Following Radio.

Direct download: 762.mp3
Category:general -- posted at: 10:00pm EDT

Amy Webb is an American futurist, author and founder and CEO of the Future Today Institute. She is professor of strategic foresight at New York University’s Stern School of Business, and was a 2014-15 Visiting Nieman Fellow at Harvard University.

Her new book is “The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity.” It is a call-to-arms about the broken nature of artificial intelligence, and the powerful corporations that are turning the human-machine relationship on its head.

We like to think that we are in control of the future of “artificial” intelligence. The reality, though, is that we–the everyday people whose data powers AI–aren’t actually in control of anything. When, for example, we speak with Alexa, we contribute that data to a system we can’t see and have no input into–one largely free from regulation or oversight. The big nine corporations–Amazon, Google, Facebook, Tencent, Baidu, Alibaba, Microsoft, IBM and Apple–are the new gods of AI and are short-changing our futures to reap immediate financial gain.

In this book, Amy Webb reveals the pervasive, invisible ways in which the foundations of AI–the people working on the system, their motivations, the technology itself–is broken. Within our lifetimes, AI will, by design, begin to behave unpredictably, thinking and acting in ways which defy human logic. The big nine corporations may be inadvertently building and enabling vast arrays of intelligent systems that don’t share our motivations, desires, or hopes for the future of humanity.

Direct download: 761.mp3
Category:general -- posted at: 10:00pm EDT

Eyes Wide Open Brain on Neutral with Michael Covel on Trend Following Radio.

Direct download: 760.mp3
Category:general -- posted at: 10:00pm EDT

Michael interviews Tomas Chamorro-Premuzic about his new book “Why Do So Many Incompetent Men Become Leaders? (And How to Fix It).” He is currently the Chief Talent Scientist at Manpower Group, co-founder of Deeper Signals and Metaprofiling, and Professor of Business Psychology at University College London and Columbia University.

There are three popular explanations for the clear under-representation of women in management, namely: (1) they are not capable; (2) they are not interested; (3) they are both interested and capable but unable to break the glass-ceiling: an invisible career barrier, based on prejudiced stereotypes, that prevents women from accessing the ranks of power. Conservatives and chauvinists tend to endorse the first; liberals and feminists prefer the third; and those somewhere in the middle are usually drawn to the second. But what if they all missed the big picture?

In Tomas Chamorro-Premuzic’s view, the main reason for the uneven management sex ratio is our inability to discern between confidence and competence. That is, because we (people in general) commonly misinterpret displays of confidence as a sign of competence, we are fooled into believing that men are better leaders than women. In other words, when it comes to leadership, the only advantage that men have over women (e.g., from Argentina to Norway and the USA to Japan) is the fact that manifestations of hubris — often masked as charisma or charm — are commonly mistaken for leadership potential, and that these occur much more frequently in men than in women.

Direct download: 759.mp3
Category:general -- posted at: 10:00pm EDT

The Foundation of Good Trading with Michael Covel on Trend Following Radio.

Direct download: 758.mp3
Category:general -- posted at: 8:00pm EDT

Jules Pieri is Co-Founder and CEO of The Grommet – a marketplace for unique and innovative ideas to launch. She helps entrepreneurs bypass the corporate chain by reshaping how consumer products get discovered, shared, and bought. Her new book is “How We Make Stuff Now: Turn Ideas into Products That Build Successful Businesses.”

Jules loved fine arts in school. She went to the University of Michigan and subsequently put herself on an “art diet” so she could focus her studies in other areas. She eventually took a sculpture class and saw some unique tools that were created by students. She had a light bulb moment-wanting to know how to get into the space of creating new products. Jules started her career as an industrial designer for technology companies and later moved into senior executive roles for large brands, such as Keds, Stride Rite, and Playskool.

When Jules worked at Playskool she saw a large concentration of power among the big brands and noticed innovation slipping away as big retailers like Walmart, Kmart, Target and Toys-R-Us were unwilling to buy new/fresh products. They would take on new products but only ones with slight variations or products with a little new twist. The Grommet was later formed as a response – Jules saw a new route for getting products made and she jumped on the idea. Since October 20th, 2018 The Grommet has launched one new product a day and given small brands the chance to grow among the big competitors.

In this episode of Trend Following Radio:

Inventing
Patents & Trademarks
Innovation
Amazon and counterfeit products
New product launches

Direct download: 757.mp3
Category:general -- posted at: 10:00pm EDT

Taking the Damn Loss with Michael Covel on Trend Following Radio.

Direct download: 756.mp3
Category:general -- posted at: 4:00pm EDT

Rich Karlgaard is a journalist, entrepreneur, and speaker. He has been with Forbes for 27 years and became publisher of Forbes magazine in 1998. Rich has written three books, “Life 2.0: How People Across America Are Transforming Their Lives by Finding the Where of Their Happiness,” and “The Soft Edge: Where Great Companies Find Lasting Success.” His latest book is “Late Bloomers: The Power of Patience in a World Obsessed with Early Achievement.”

What was the trigger that pushed Rich to write “Late Bloomers?” Rich grew up as a late bloomer himself. He was at non-fulfilling “dead end jobs” up until his late 20’s, even with gaining a college degree. He doesn’t see his 20’s as a time of being lazy or having a lack of motivation, he simply didn’t feel like he was ready to enter the adult world. He also has two children whom he raises in Silicon Valley. He knows the added pressures being put on children and what those repercussions look like– from low self esteem to even suicide in teenagers. He felt a need to point out some of the major misconceptions adults may have about schools, tests, and the learning curve in each child.

Rich makes arguments for gap years, mandatory military service, and reforming how we look at academic tests. Americans are slipping every year compared to other counties and their youth. This has trickled into human resources and legal sides of companies that have turned to ranking employees with more tests and categorizing personalities based off data. Rich’s books, articles, and speeches also primarily focus on fundamentals of business, necessity of constant innovation, and the importance of building the right corporate culture.

In this episode of Trend Following Radio:

  • Late bloomers
  • Kylie Jenner
  • SAT scores
  • Importance of high IQ
  • Sports Illustrated
  • Passion vs. Mission
  • Gap years
  • West coast offense and Bill Walsh
  • Mike Milken
Direct download: 755.mp3
Category:general -- posted at: 10:00pm EDT

The trading author Jack Schwager helped launch this podcast. Enjoy!

Direct download: 754.mp3
Category:general -- posted at: 10:00pm EDT

Lori Gottlieb is a psychotherapist, New York Times bestselling author, and a weekly advice column writer for The Atlantic titled, “Dear Therapist”. Her most recent book, “Maybe You Should Talk to Someone” (set for release in April, 2019), is not about getting people to go to therapy but rather to reflect on their lives – to be more open with the people around them. Lori also shows patients, through her book, that she herself is human and has issues in her own life relatable to most everyone.

What got Lori interested in psychotherapy? She had other careers leading up to becoming a therapist. She was a T.V. executive, went to medical school in her late 20’s, became a journalist, and then went back to school for clinical psychology. With help from her Dean at Stanford, she realized that she was searching for a more personal connection in her work – clinical psychology was a perfect match for her.

When most think about the idea of seeking a psychologist for help, they look at it as a sign as weakness. When it comes to emotional help people become closed off or don’t think they have a valid enough reason to be depressed. How does Lori help clients get past these social biases? She helps clients work through their problems by seeing personal blind spots and how they might be sabotaging themselves with crutches in their lives. But, most of all, she shows them how to grow through connection with others.

In this episode of Trend Following Radio:

Calculated risk
Idiot compassion vs. wise compassion
Loneliness epidemic
“Them and Us” mentality
Speed of want
24-hour news cycle

Direct download: 753.mp3
Category:general -- posted at: 10:00pm EDT

The Alternative Thinking Universities Shun with Michael Covel on Trend Following Radio.

Direct download: 752.mp3
Category:general -- posted at: 10:00pm EDT

Brent Huigens is an entrepreneur in the world of trading cards. He is founder and president of PWCC Marketplace, the largest seller of investment trading cards globally with more than $50 million in annual revenue. In 1998 Brent founded PWCC to provide buyers and sellers an efficient, honest and predictable marketplace. In 2012, he set his current engineering career aside to pursue the growth of PWCC full time.

When did Brent collect his first playing card? From the early age of about five he never wanted anything other than trading cards for his birthday or Christmas. He was hooked from the beginning. He had a modest card collection growing up, but it wasn’t until his early teenage years that his collection had grown to something he was proud of. Brent had a family friend that aided him in taking his collection to the next level–that same family friend also introduced him, in 1998, to the internet and eBay. By age 20, he was selling hundreds of thousands of dollars in trading cards all while gaining two engineering degrees.

Trading cards date back to the 1800’s–originally made as a means to getting another product sold. They were produced to be put inside tobacco products, then ventured into cracker jacks and later in gum. In the 1980’s trading cards started to gain speed and were printed off on a broader scale. With the internet, eBay, and professional grading, Brent was able to see the unbridled future in the investment aspect of trading cards. Professional grading and the internet have made the trading card game more liquid and opened up the game to investors by giving them a way to trust in their investment without ever seeing it.

In this episode of Trend Following Radio:

Card trading
eBay
Professional grading
Impact of the internet on trading cards
Auctions trading

Direct download: 751.mp3
Category:general -- posted at: 10:00pm EDT

Eclectic Mega Episode with Michael Covel on Trend Following Radio featuring:

  • William Poundstone
  • Michael Mauboussin
  • Charles Poliquin
  • Steven Pinker
Direct download: 750.mp3
Category:general -- posted at: 6:00pm EDT

Bill Wooditch is author of “Fail More: Embrace, Learn, and Adapt to Failure As a Way to Success” and a motivational speaker with a risk and financial background. He is founder and CEO of The Wooditch Group, a risk-management and corporate insurance firm. He mentors and teaches clients skills to harness the lessons of failure to create success driven opportunities. His approach is a physical, intellectual, spiritual and emotional journey based on 25 years of real life experience.

Bill’s first job out of college was at Liberty Mutual making insurance cold calls. It wasn’t a job he necessarily wanted, but it was an opportunity that he was determined to make work. On Bill’s desk, he had a ruler that read, “Activity Rules Success”. He made that phrase his motto for his work at Liberty – making the most calls he could everyday and noting what worked and didn’t. He figured that if he had the most activity and just kept pushing, he would eventually have a break though – and he did.

“What do you really want?” Bill uses this question often in presentations. Most are too afraid to do whatever it takes to make it. Perseverance has gone by the wayside and most want the easy job or quick success without the work. Bill has lots of “get tough” talks and works to put people in a growth mindset rather than a fixed mindset. With everyone having their own internal version of success, Bill teaches that first knowing: 1) What you are, and 2) Who you are, is how progress is made in figuring out how to reach that success.

In this episode of Trend Following Radio:

Venture capital mindset
Risk
The power of reading
Pre-internet
Short-term thinking
Steven King
Keith Richards
Growth mindset vs. fixed mindset

Direct download: 749.mp3
Category:general -- posted at: 10:00pm EDT

Not One Market with Michael Covel on Trend Following Radio.

Direct download: 748.mp3
Category:general -- posted at: 10:00pm EDT

Safi Bahcall is an American technologist, business executive, and author. He has presented at over 130 banking conferences, investor events, and medical meetings around the world, as well as at leading academic institutions. His book “Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries” is out.

Safi grew up with parents who were highly acclaimed physicists. He was indoctrinated with the mindset of looking at the world and asking, “Why?” Even to this day, he has those discussions of asking, “Why” with his parents. It has given him an inquisitive perspective – always looking at things from multiple angles.

What is a loonshot? Loonshots are how big achievements, money, fame and recognition are produced. They are leaps of faith grounded in asking good questions. In keeping a questioning mindset you may find the twist that gives you the answer to what everyone else is missing. This asking mindset can be applied across all fields – military, government, technology, medicine, politics, social media, etc. Safi exposes some of these loonshots with examples going back to Alexander Graham Bell, WWII, Apple and many others.

In this episode of Trend Following Radio:

Social media companies
Loonshots
National research system of the U.S.
Leader mindsets
Innovation
Good companies vs. Failing companies
Early stage ideas
Apple
Steve Jobs
AT&T
Bell Labs

Direct download: 747.mp3
Category:general -- posted at: 10:00pm EDT

Trend Commandments with Michael Covel on Trend Following Radio.

Direct download: 746.mp3
Category:general -- posted at: 10:00pm EDT

Dana Cavalea is the former strength, conditioning and performance coach for the New York Yankees and author of, “Habits of a Champion, Nobody Becomes a Champion By Accident.” He started in baseball as an underperforming player, knowing he would never make it to the major leagues. In 2002, at 19 years old, he was given the opportunity to be a towel/weight room cleanup guy for the Yankee’s – he quickly jumped at the chance.

How did Dana make the move from towel guy to strength and conditioning coach? Core and functional training was just taking off in the world of sports. He committed himself to learning everything he could in that sports niche. Players would give him the chance to teach them different stretching techniques (on the side of their other training). His tips were working and players confidence in him and his confidence in himself snowballed.

Dana gave players two things other trainers weren’t providing: 1. He could find immediate ways to locate and alleviate pain. He took players like Jorge Posada and Derek Jeter and found where their pain was and gave them tips and tricks to help relieve some pain to get them on the field for their next game. 2. He built relationships with players outside of the stadium. Dana would go to breakfast, lunch and dinner with players and gain comradeship. When players know, like and trust you, you win them over.

As a New York native Dana grew up loving the game of baseball. And as a player himself, he always wanted to know what the pros “edge” was. His new book (and this podcast) is packed full of how players like Derek Jeter, Alex Rodriguez, Mariano Rivera, Mark Teixeira, Andy Pettitte, and Jorge Posada think. He shares what gives baseball’s elite players the edge needed to be a winner–lessons we can all use baseball players or not.

In this episode of Trend Following Radio:

Importance of routine
Derek Jeter
Talent vs. work ethic in pro sports
Science behind training
Yoga
Mindfulness
Meditation
Downshifting the nervous system

Direct download: 745.mp3
Category:general -- posted at: 10:00pm EDT

TurtleTrader with Michael Covel on Trend Following Radio.

Direct download: 744.mp3
Category:general -- posted at: 10:00pm EDT

Eric Dugan is founder of 3D Capital Management, where he runs two primary intraday systems: short-biased S&P 500 and long-short trend following S&P 500 using multiple global markets as inputs and indicators. His systems analyze the flow of markets around the world and attempt to identify how the action in a certain market will impact the S&P during U.S. trading hours. Eric has not missed a trading day since the inception of 3D Capital Management 11 years ago.

Eric had been working construction in 1992 when his best friend moved to Chicago to trade. Shortly after his friend left, he reached back out to Eric to give him a job. December of 1992 was Eric’s first visit to Chicago for an interview with famed trader Monroe Trout, and in January of 1993 he began his first day ever trading for Trout Trading.

Because Trout was a systematic trader, there was no real need to know “what” a trader was going to do, other than trade the system. Eric’s lack of knowledge of markets when he first started did not matter because the system was king. Eric worked for Trout Trading from 1993 – 1999. When Eric started he had zero experience and within a year he was manager of Pacific Rim desk at Trout Trading. He quickly learned how to identify weakness in the stock market, which has become his greatest asset throughout his career.

In this episode of Trend Following Radio:

Risk Control
Identifying trends
Profiting from weakness in the stock market
Trading world markets
Buying high and selling higher

Direct download: 743.mp3
Category:general -- posted at: 10:00pm EDT

Trend Following Fifth Edition with Michael Covel on Trend Following Radio.

Direct download: 742.mp3
Category:general -- posted at: 10:00pm EDT

Daphne Chua has completed over 2,000 hours of teacher trainings and taught over 3,000 hours in classes, private sessions, special needs yoga, workshops, retreats, and teacher trainings. She is a certified yoga therapist, movement educator, body worker, Anusara Inspired™ teacher, E-RYT500 Yoga Alliance Continuing Education Provider (YACEP), and has been running her own embodiment and inquiry-based therapeutic training modules for the last 3 years.

Yoga is a practice of the body and mind connection. It helps people understand their bodies and relationships better. Most come into yoga for physical practice first, and later are drawn in deeper for the positive psychological effects. The body goes through different shapes, poses and forms that trigger the mind.

What happens chemically when leaving a massage or yoga class? What leaves a student in a state of euphoria? When working with the body there is constant chemical changes taking place. It all comes back to breath. When anxious or stressed there is shallow breathing that occurs and is concentrated in the upper chest area. Once the breath and circulation starts flowing, the mind gets more clear and focused. We begin to see the world as it is rather than over analyzing and focusing on trivial things. Breath gives fresh perspective. Throughout Daphne’s practice her therapy sessions, classes, workshops, and trainings focus on breath and awareness of the mind-body connection.

In this episode of Trend Following Radio:

Yoga therapy
Psychology behind yoga
Addiction
Breath
Yoga tool kits
Present moment

Direct download: 741.mp3
Category:general -- posted at: 10:00pm EDT

A New Mega Collection with Michael Covel on Trend Following Radio.

Direct download: 740.mp3
Category:general -- posted at: 10:00pm EDT

Peter Borish is chief strategist of Quad Capital. He is a trading coach, helps recruit new traders and develop the company’s trading strategy. He also is a founding member of the Robin Hood Foundation. The Robin Hood Foundation has made great strides in their charity work and continue to do bigger and better things. Peter believes that the quality of life for those around you is much more important than the material possessions that can be accumulated.

What has been a big change over the course of Peter’s career when looking at his younger trading days up until now? When he was younger he took greater risks because he had more time to recover potential losses. He was applying innovative techniques at high costs and was ok with doing that. He tells his clients two things: 1) Never minimize the pain when looking backwards from a positive outcome and 2) If you survive, you win.

What advice does Peter give to the younger generation of traders trying to make it on Wall Street? Relationships matter. When you are younger and have success you think that success is going to continue. The markets are a humbling place and you will not always win. Peter has learned that building those personal relationships gets traders through the down times. Those connections need to be cultivated because you never know when that time will pay off.

In this episode of Trend Following Radio:

  • Compounding
  • Individual responsibility for retirement
  • Tax rates
  • Robin Hood
  • Paul Tudor Jones
  • High frequency trading
  • Risk management
  • Game theory
  • AI in trading
Direct download: 739.mp3
Category:general -- posted at: 10:00pm EDT

Creativity Wins with Michael Covel on Trend Following Radio.

Direct download: 738.mp3
Category:general -- posted at: 10:00pm EDT

Ethan Kross is a professor of psychology at the University of Michigan. His research seeks to “Understand factors enabling people to adaptively regulate triggered impulses and emotions that undermine their goals and compromise their health.” He wants to resolve a key paradox in coping literature by finding insights and translating those insights to the rest of the world.

What got Ethan into studying behavior and how the mind works? Around the age of 4 or 5, whenever Ethan would get upset, his dad would ask him to “go inside” and look within himself to figure out why he was feeling how he was feeling. For years Ethan would do this as a positive coping mechanism. When he got to college he learned that when most look inside themselves to dig deeper, this takes them to a negative place. Introspection seemed to only prolong their negative feelings. This resonated with him and started him down his current path of asking “Why?”

Much of his work is focused on social media. In early 2010 Ethan became increasingly interested in Facebook. He found himself looking around his classroom and in the hallway–relentlessly seeing students with open Facebook windows on their phone. He wondered: “Are these students happier now that they have social media in their lives?” Ethan started digging and found research that was all over the place. Some studies would say, “People who are on Facebook are more happy” and then he would come across another study saying the complete opposite. He concluded that the methods in which those studies were using to gather data were grossly inefficient.

In this episode of Trend Following Radio:

Thinking objectively
Passive and interactive activities on social media
Experian sampling
Regulation on social media
LeBron James move from the Cavaliers
Self talk
Dealing with problems under stressed.

Direct download: 737.mp3
Category:general -- posted at: 10:00pm EDT

Follow Your Effort Not Your Passion with Michael Covel on Trend Following Radio.

Direct download: 736.mp3
Category:general -- posted at: 9:00pm EDT

Aaron Dignan is founder of The Ready, former CEO of Undercurrent and author of “Brave New Work: Are You Ready to Reinvent Your Organization?” Aaron advises management teams at GE, American Express, PepsiCo, The Bill and Melinda Gates Foundation, and The Cooper Hewitt National Design Museum – just to name a few.

What got Aaron heading down the path of innovation? From an early age he was interested in human potential. He always wanted to know: What am I capable of? Aaron started a few companies and quickly learned what an unsustainable operating system looked like. After 8 years running his company he realized there was too much work fully dependent on him and knew something needed to change if his company was ever going to grow. Aaron took a step back and searched out what would happen if he let go of the reigns a little. He looked at various systems in nature that didn’t have traditional leaders, as well as companies that had done great things operating in non-traditional ways. His company now has the mission statement of “Change how the world works.”

Aaron approaches bureaucracy in business by way of his idea of the “OS Canvas.” OS Canvas is a framework and tool that reflects and evolves an organization’s operating system through 12 critical fields: Purpose, authority, structure, strategy, resources, innovation, workflow, meetings, information, membership, mastery, and compensation. Each field can be used to clarify and provoke principles and practices upon which everything runs. With his operating system he helps companies and individuals answer the question: What is stopping you from doing the best work of your life?

In this episode of Trend Following Radio:

  • Innovation
  • Bureaucracy
  • Bottlenecks in decision making
  • Quarterly statements
  • Operating system canvas
Direct download: 735.mp3
Category:general -- posted at: 10:00pm EDT

If It Keeps Giving Your More Love Go with It More with Michael Covel on Trend Following Radio.

Direct download: 734.mp3
Category:general -- posted at: 10:00pm EDT

Walter Williams is a professor, economist, commentator and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his libertarian views.

What has been the driving force behind Professor Williams and his clear economic way of thinking? He attributes it to being 83, growing up as a black man who didn’t have good grades handed to him, getting an education before political correctness was a “thing” and his education/professors at UCLA.

Professor Williams has a very clear view on the state of America via socialism, racism, feminism, free speech, and economics. So how does Walter feel about socialism? He believes nothing in this world is free. It may have the cost of $0 but it is costing someone, something, somewhere. Socialism changes the human nature of wanting more for oneself. And free speech? He feels there is increasing contempt among people. Most of mans history has a trend of arbitrary abuse and control by others. So which way is America headed?

In this episode of Trend Following Radio:

Socialism
Racism
Feminism
Hidden Agendas of the wealthy and political
Liberty
Censorship
Blacks and liberalism

Direct download: 733.mp3
Category:general -- posted at: 4:00pm EDT

Speculative Wisdom with Michael Covel on Trend Following Radio.

Direct download: 732.mp3
Category:general -- posted at: 10:00pm EDT

Kyle Nel is CEO and co-founder of Uncommon Partners, served as executive director for Lowe’s Innovation Labs, co-creator of Neurons, Inc., sits on the boards of various emerging tech companies, and a faculty member at Singularity University. His newest book is “Leading Transformation: How to Take Charge of Your Company’s Future.”

Everything starts with a narrative. It doesn’t matter how old you are, what religion you practice or what part of the world you live in – people live off stories. We take all stories, fiction and non-fiction, and relate them back to our lives. Stories are how humans interpret and accept new information.

Kyle went back in time, looked at the data and saw that every big movement was backed by motivation, cognition and a story. He would give presentation after presentation and see no change in behavior by his audience, until he started putting narratives behind what he was speaking on. His audience was suddenly able to make it relatable to them, and therefore believable and actionable.

Kyle focuses on helping companies break down the steps to building a strategic narrative, breaking bottlenecks and figuring out who and where the influencers are in their business niche. After laying out the steps for his clients he writes their archetype. Kyle knows that we live in an exponential world, and need to look at the market opportunistically. Good companies that incrementally improve year to year are looking at almost certain failure. He helps guide his clients to make those exponential leaps.

In this episode of Trend Following Radio:

Strategic thinking
Creating narratives in business
Incremental thinking
Breaking bottlenecks
Linear paths
Exponential paths
Neuroscience
Behavioral science

Direct download: 731.mp3
Category:general -- posted at: 10:00pm EDT

Is It Reasonable with Michael Covel on Trend Following Radio.

Direct download: 730.mp3
Category:general -- posted at: 10:00pm EDT

John Lin is founder and CEO of Grasshopper, a high frequency trading firm providing liquidity in global markets. Grasshopper was founded in 2006 and is heavily driven by technology and innovation. After graduating with an Engineering degree from Cornell University, John worked his way up from a clerk position in the Chicago Mercantile Exchange. Since then, he’s lived and traded internationally in London and Tokyo, and currently lives in Singapore.

John is one of the last traders fortunate enough to have floor experience on the CME. He got a job as a runner on the CME floor in the early 1990’s and from there he learned invaluable lessons on trading, discipline and respecting the market. What made John so interested in trading in the pits? He saw the pits as capitalism ground zero.

Over the years, with technology changing, John has had to adapt his trading style accordingly. John has gone through a gradual transformation in his trading – starting with his 15 year career on the trading floor where he interacted heavily with people to 100% computer driven high frequency trading. He has taken his experience from his early years of trading and poured it into his current companies. As a trader, you are taught you’re never bigger than the market. John knows he is always listening to the market when he trades, not trying to beat it.

In this episode of Trend Following Radio:

Trading in the pits
Nick Leeson
Singapore legal system
Barings Bank – 1995
High frequency trading
Crypto currency
Interfacing with technology

Direct download: 729.mp3
Category:general -- posted at: 10:00pm EDT

Serendipity and Opportunity with Michael Covel on Trend Following Radio.

Direct download: 728.mp3
Category:general -- posted at: 10:00pm EDT

Tero Isokauppila is author of “Healing Mushrooms” and founder of Four Sigmatic, a natural super foods company specializing in mushroom-based drink powders. In 2012, he founded Four Sigmatic, spreading to Europe and Canada and eventually brought the business to the U.S. in 2015.

Tero grew up on a 13 generation farm in Nokia, Finland with both of his parents in the health, wellness and agriculture sphere. Some of his earliest memories were going into the forest when he was about 2 or 3 and picking herbs, berries, and mushrooms. He loved the berries but found the mushrooms so “odd.”

There is estimated to be about 1.5 million different types of mushrooms–that’s about 6 times the amount of mushroom species over plant species. Mushrooms are used for food, soil, psychedelic purposes, and medicinal. They are present in just about every aspect of life however not many realize how integrated they are in their everyday life.

There are two genres of mushrooms–functional and culinary. Generally, functional mushrooms are eaten for health reasons and culinary mushrooms are eaten for taste. Functional mushrooms grow on trees and culinary mushrooms grow in the ground. Skin, eyes, vitamin D, minerals, immune system boosters, and brain functions are all areas mushrooms can help in the body. Through Four Sigmatic, Tero has developed coffee’s, tea’s, elixirs, and other boosters enhanced with mushrooms to target all tastes and appetites.

An episode direct to health and wellness coupled with entrepreneurial drive.

Direct download: 727.mp3
Category:general -- posted at: 10:00pm EDT

The Self-Aware Path to Success with Michael Covel on Trend Following Radio.

Direct download: 726.mp3
Category:general -- posted at: 10:00pm EDT

Richard Sheridan is founder of Menlo Innovations and author of “Joy, Inc.” and “Chief Joy Officer.” He shares an inspirational guide for those seeking joy in the challenge of leading others and pushes readers to think, act and lead different. Too many live in quiet desperation. It’s Richard’s mission to bring those people out of those lives and thrive in whatever workplace they are in.

Before Menlo Richard was in a job that by all definitions he should have loved. He was creating art and making a real impact in people’s lives, however he was not happy. He realized he had created a culture where nobody at his company could make a move without his approval. He knew the company could not move forward any faster than him. Shedding the “smartest guy in the room image” was an important part of culture Richard wanted to instill wherever he went next.

In “Chief Joy Officer” Richard shows the importance of intertwining culture and leadership. He brings in his experience from running Menlo Innovations and his consulting elsewhere to offer a wise, provocative guide on how anyone can build leadership with a focus on joy within their own organization.

What is Richard’s definition of Joy? Joy is in service to others. He believes it speaks to the heart of the engineer. People want to see the work of their hearts, hands and minds be made and used in the world. They want to see their creation mean something to someone else and create delight. Too often people are motivated by artificial fear rather than motivated by positivity. Joy is the culture he wants everything he does to be centered around.

In this episode of Trend Following Radio:

Extreme programing
Running experiments
Trusting your team
What is Joy?
Killing ideas vs. action oriented
Index cards

Direct download: 725.mp3
Category:general -- posted at: 10:00pm EDT

1