Trend Following with Michael Covel (general)
Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ 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.

Two Great Traders with Michael Covel on Trend Following Radio.

Direct download: 883.mp3
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To stand out, to attract the attention of those who can raise your profile, to protect yourself during lean times, or to gain the interest of future employers, you must harness three critical communication traits that human beings respond to most: AWE: A―Authority. W―Warmth. E―Energy. When all else is equal―education, work ethic, intelligence, experience, ambition―the single biggest factor in winning business, promotions, friendships, or followers hinges on our ability to communicate and connect. Mastering AWE gives you an unparalleled advantage over the competition, no matter your field.

Steve Herz, who has represented and coached dozens of sports, media, and entertainment leaders over the course of nearly three decades, delivers a step-by-step program that helps you understand and hone your AWE skills. Packed with inspiring success stories, grounded in the latest social psychology and scientific research, and featuring “insider” anecdotes from some of the most popular entrepreneurs and professionals in broadcasting, sports, and the corporate world―many personally coached by Herz.

Bio: As the President and Founding Partner of IF Management, Steve Herz is one of the most influential voices in the broadcast space, as well as a respected business leader.

In this episode of Trend Following Radio:

  • Don’t Take Yes for an Answer
  • Confidence and Strength
  • Using Authority
  • Changing Communication Behaviour
  • Energy Definition
  • Speaking and Listening
Direct download: 882.mp3
Category:general -- posted at: 10:00pm EDT

It's How Good You Want To Be with Michael Covel on Trend Following Radio.

Direct download: 881.mp3
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This is another one of those great conversations that makes me realize how much trend following is woven into society — even if it’s not called that.

The Three Box Solution mindset/plan is the outcome of 35 years of research, teaching, writing, and consulting. It is well-understood that creating a new business and optimizing an already existing one are two fundamentally different management challenges. The real problem for leaders is doing both, simultaneously. How do you meet the performance requirements of the current business—one that is still thriving—while dramatically reinventing it? How do you foresee a change in your current model before a crisis forces you to abandon it?

The three boxes:

Box 1: The present—Strengthen the core
Box 2: The past— Let go of the practices that fuel the core business but fail the new one
Box 3: The future—Invent a new business model

The “three box” framework makes leading innovation easier because it gives leaders a simple vocabulary and set of tools for managing and measuring the different sets of behaviors and activities, across all levels of the organization. Supported with rich company examples—such as GE, Mahindra & Mahindra, Hasbro, IBM, United Rentals, and Tata—and testimonies of leaders who have successfully used this framework to lead innovation, this book solves once and for all the practical dilemma of how to align an organization on the critical but competing demands of innovation.

Bio: Manish Tangri has spent more than fifteen years executing entrepreneurial innovation activities in Fortune 500 organizations. At Intel Capital, Tangri executes strategic transactions–including mergers and acquisitions, equity investments, and partnerships–worldwide.

In this episode of Trend Following Radio:

  • Education in India
  • Leadership
  • Three-Box Framework:
  • Box 1: Manage the Present
  • Box 2: Selectively Forgetting the Past
  • Box 3: Creating a New Business Model
  • Google/Youtube
  • Facebook Buying Instagram
  • Ideation and Incubation
Direct download: 880.mp3
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The Opportunity Cost with Michael Covel on Trend Following Radio.

Direct download: 879.mp3
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Keith Ferrazzi and I dive into his new book Leading Without Authority. Keith aims to redefines collaboration with a radical new workplace operating system in which leadership no longer demands an office, an official title, or even a physical workplace.

In times of stress, we have a choice: we can retreat further into our isolated silos, or we can commit to “going higher together”. When external pressures are mounting, and employees are working from far-flung locations across the globe, we can no longer afford to waste time navigating the complex chains of command or bureaucratic bottlenecks present in most companies. But when we choose the bold new methodology of co-elevation as our operating model, we unlock the potential to boost productivity, deepen commitment and engagement, and create a level of trust, mutual accountability, and purpose that exceeds what could have been accomplished under the status quo. And you don’t need any formal authority to do it. You simply have to marshal a commitment to a shared mission and care about the success and development of others as much as you care about your own. Regardless of your title, position, or where or how you work, the ability to lead without authority is an essential workplace competency.

Ferrazzi draws on over a decade of research and over 30 years helping CEOs and senior leaders drive innovation and build high-performing teams to show how we can all turn our colleagues and partners into teammates and truly reboot the way we work together.

Bio: Keith Ferrazzi is an American author and entrepreneur. He is the founder and CEO of Ferrazzi Greenlight, a Los Angeles, California-based research and consulting firm. He wrote the New York Times bestselling books Never Eat Alone.

Direct download: 878.mp3
Category:general -- posted at: 10:00pm EDT

A best of combo episode today: Andrew Lo and Jon Gordon. Enjoy!

Bio: Andrew W. Lo is the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management and director of the MIT Laboratory for Financial Engineering. He is the author of Hedge Funds and the coauthor of A Non-Random Walk Down Wall Street and The Econometrics of Financial Markets (all Princeton).

Direct download: 877.mp3
Category:general -- posted at: 10:00pm EDT

Rana el Kaliouby is an Egyptian-American computer scientist and entrepreneur in the field of expression recognition research and technology development, which is a subset of facial recognition designed to identify the emotions expressed by the face. El Kaliouby’s research moved beyond the field’s dependence on exaggerated or caricatured expressions modeled by laboratory actors, to focus on the subtle glances found in real situations.

After growing up in Cairo, Egypt, she earned a PhD in Cambridge University, and then joined the MIT Media Lab as a research scientist, where she spearheaded the application of emotion recognition technology in a variety of fields, including mental health and autism. She left MIT to co-found Affectiva, a company credited with defining the field of Emotion AI and now works with 25% of the Fortune 500 and is a leader in emotion AI. Rana was named by Forbes to their list of America’s Top 50 Women in Tech.

Bio: Rana el Kaliouby is on a mission to humanize technology with artificial emotional intelligence, or what she calls “Emotion AI.” through developing a “deep learning” platform that combines facial expression with tone of voice to infer how a person is feeling. She is the author of “Girl Decoded: A scientist’s quest to reclaim humanity by bringing emotional intelligence to technology.”
In this episode of Trend Following Radio:

Pinnacle of AI in 2020
Artificial Intelligence and Emotional Intelligence
Siri and Alexa
Emotional Intelligence Versus Intelligence Quotient
Communication and Internal State
Clinton and Trump
Building Trust
Facial Landmarks
Data Collection
Dating App

Direct download: 876.mp3
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Get Your Trend Following On with Michael Covel on Trend Following Radio.

Direct download: 875.mp3
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Your dreams become your destiny when you learn the secret art of asking!

Most people have beautiful dreams deep inside—the things they would like to have, the relationships they’d love to enjoy, and the wellness and well-being that would help them express their best, in every way. But often those dreams lie buried inside us. Hidden by fear or unworthiness or a lack of awareness of what could be. Asking is the only language to which the Universe can deliver a solution, understanding, illumination, or plan.

There are three distinct channels through which we can ask:

Ask Yourself.

Ask Others.

Ask God.

You were born with a destiny. Your job is to discover it. Once you begin to practice the art and science of asking to discover your destiny and start to move toward it, you can manifest innumerable blessings for yourself and others. This isn’t a complicated process; in fact, it’s a simple gift that lies dormant within you. Once you learn to access that gift, everything changes for the better. Ask! will help you access your hidden dreams and reveal them to be recognized and fulfilled in miraculous ways.

You matter. The world needs you to find your destiny and live it. This book is your guide. Start crossing the bridge to your destiny today!

Bio: Mark Victor Hansen is probably best known as the co-author for the Chicken Soup for the Soul book series and brand, setting world records in book sales, with over 500 million books sold. He is also a prolific writer with 307 books authored or co-authored, including The Aladdin Factor, The Power of Focus, The Richest Kids in America, The Miracles in You, You Have a Book in You, and the One Minute Millionaire series.

Bio: Crystal Dwyer Hansen is a business strategist and successful entrepreneur, speaker, and author in the US and China. Crystal, also known as the “celebrity coach,” is a certified life coach and wellness/nutrition expert, whose personal coaching, speaking, CD and video programs, books, and articles have helped people all over the world.

Direct download: 874.mp3
Category:general -- posted at: 10:00pm EDT

There once was a time when we joyfully raised our hands to answer questions, connected easily with others, believed that anything was possible, and fearlessly jumped into new experiences. A time when we viewed each day not as something to endure, but as a marvelous gift to explore and savor—when we danced through our lives in awe of the ordinary moments and eager for the promise of tomorrow.

Unfortunately, that’s far from our experience today. Instead, we feel disconnected and jaded. Social media reminds us that we don’t measure up, and the mainstream media barrages us with constant negativity. Many of us find ourselves caught in a life of dogged responsibility and mind-numbing repetition. The daily struggle to earn a living has caused us to lose the sense of wonder with which we once greeted every day.

In his new book, bestselling author John O’Leary invites us to consider that it is possible to once again navigate the world as a child does. Identifying five senses children innately possess and that we’ve lost touch with as we age, O’Leary shares emotional, humorous, and inspirational stories intertwined with fascinating new research showing how each of us can reclaim our childlike joy, and why doing so will change how we interact with the world.

Bio: Once expected to die from massive burns, today John O’Leary teaches others how to truly live. As an internationally acclaimed speaker, bestselling author, and renowned podcast host, John helps hundreds of thousands of people to live inspired each year, sharing his insights and inspiring message with emotional storytelling and unexpected humor.

Direct download: 873.mp3
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Aha Moments with Michael Covel on Trend Following Radio.

Direct download: 872.mp3
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Why is paying for things painful? Why are we comfortable overpaying for something in the present just because we’ve overpaid for it in the past? Why is it easy to pay $4 for a soda on vacation, when we wouldn’t spend more than $1 on that same soda at our local grocery store?

We think of money as numbers, values, and amounts, but when it comes down to it, when we actually use our money, we engage our hearts more than our heads. Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly. In Dollars and Sense, bestselling author and behavioral economist Dan Ariely teams up with financial comedian and writer Jeff Kreisler to challenge many of our most basic assumptions about the precarious relationship between our brains and our money. In doing so, they undermine many of personal finance’s most sacred beliefs and explain how we can override some of our own instincts to make better financial choices.

Exploring a wide range of everyday topics—from the lure of pain-free spending with credit cards to the pitfalls of household budgeting to the seductive power of holiday sales–Ariely and Kreisler demonstrate how our misplaced confidence in our spending habits frequently leads us astray, costing us more than we realize, whether it’s the real value of the time we spend driving forty-five minutes to save $10 or our inability to properly assess what the things we buy are actually worth. Together Ariely and Kreisler reveal the emotional forces working against us and how we can counteract them. Mixing case studies and anecdotes with concrete advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits.

The result not only reveals the rationale behind our most head-scratching financial choices but also offers clear guidance for navigating the treacherous financial landscape of the brain. Fascinating, engaging, funny, and essential, Dollars and Sense provides the practical tools we need to understand and improve our financial choices, save and spend smarter, and ultimately live better.

Bio: Jeff Kreisler is a typical Princeton educated lawyer turned award-winning comedian, best-selling author, international keynote speaker and champion for behavioral economics.


In this episode of Trend Following Radio:

Human Irrationality
Hoarding Toilet Paper
What is Money?
Behavioral Science

Direct download: 871.mp3
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Michael explores the Great Reset weaving in trend following wisdom. Don’t listen if you are asleep.

Direct download: 870.mp3
Category:general -- posted at: 10:00pm EDT

Negotiation is not a zero-sum game. It’s an essential skill for your career that can also improve your closest relationships and your everyday life, but often people shy away from it, feeling defeated before they’ve even started. That’s the perspective my guest today Alexandra Carter brings to the table.

We’ve been taught incorrectly that the loudest and most assertive voice prevails in any negotiation, or otherwise both sides compromise, ending up with less. Instead, Carter shows that you get far more value by asking the right questions of the person you’re negotiating with than you do from arguing with them. She offers a simple yet powerful ten-question framework for successful negotiation where both sides emerge victoriously. Carter’s proven method extends far beyond one “yes” and instead creates value that lasts a lifetime.

Bio: Alexandra Carter is a Clinical Professor of Law and Director of the Mediation Clinic at Columbia Law School, where she has spent over a decade helping thousands of people improve their negotiation skills. She is a world-renowned negotiation trainer for the United Nations, where she has taught dozens of negotiation workshops to hundreds of diplomats from more than eighty nations.

In this episode of Trend Following Radio:

Negotiation Definition
Brainstorming Solutions
Problem Solving
Landlord and tenant
Factual Uncertainty – Probability, Ambiguity and Complexity
Emotional Uncertainty – How we make decisions in life
Fear and Guilt

Direct download: 869.mp3
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I am always fortunate to bring on interesting minds to this show. Today is no exception. Through a connection I was introduced to Peter Linneman and given the current state of global economies it made all the sense in the world to have Peter on ASAP.

Peter Linneman is the principal of Linneman Associates, the CEO and founder of American Land Fund and of KL Realty. He previously served as the Albert Sussman Professor of Real Estate, Finance, and Public Policy at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania, retiring in December 2010. Linneman served as the founding chairman of Wharton’s Real Estate Department, and was the Director of Wharton’s Samuel Zell and Robert Lurie Real Estate Center for 13 years. He is also the founding co-editor of the Wharton Real Estate Review. Linneman has also been named one of the 100 Most Powerful People in New York real estate according to The New York Observer and one of the 25 most influential people in commercial real estate by Realtor Magazine. Going back to the early days, both Peter’s Masters and Doctorate degrees in Economics came under the tutelage of Nobel Prize winners Milton Friedman, Gary Becker, George Stigler, Ted Schultz and Jim Heckman.

Direct download: 868.mp3
Category:general -- posted at: 10:00pm EDT

Free market capitalism is one of humanity’s greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short.

Rebecca Henderson’s rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, gives us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, striving for social justice and the demands of truly democratic institutions.

Henderson’s deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provides inspiring insight into what capitalism can be. With rich discussions of how the worlds of finance, governance, and leadership must also evolve, Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right.

Bio: Rebecca Henderson is the McArthur University Professor at Harvard University (the highest honor that can be awarded to a faculty member), where she teaches the acclaimed course on “Reimagining Capitalism.” Henderson spent the first twenty-one years of her career at MIT’s Sloan School where she was “teacher of the year” and where her research focused on the economics of innovation and on the question of how large organizations can reinvent themselves.

In this episode of Trend Following Radio:

  • Coronavirus Pandemic
  • Climate Change and Inequality
  • Healthcare
  • Capitalism and Politics
  • Wealth and Ordinary People
  • Capital and Labor Balance
Direct download: 867.mp3
Category:general -- posted at: 10:00pm EDT

Ep. 866: Walking through Doors and Selling Ten Million Books with Michael Covel on Trend Following Radio.

Direct download: 866.mp3
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How does a lunch break spark a burst of productivity? Can a team’s performance be improved simply by moving the location of the coffee maker? Why are meetings so often a waste of time, and how can a walking meeting actually get decisions made?

As an executive with decades of management experience at top Silicon Valley companies including YouTube, Google, and Twitter, Bruce Daisley has given a lot of thought to what makes a workforce productive and what factors can improve the workplace to benefit a company’s employees, customers, and bottom line. In his debut book, he shares what he’s discovered, offering practical, often counterintuitive, insights and solutions for reinvigorating work to give us more meaning, productivity, and joy at the office.

A Gallup survey of global workers revealed shocking news: only 13% of employees are engaged in their jobs. This means that burn out and unhappiness at work are a reality for the vast majority of workers. Managers—and employees themselves—can make work better. Eat Sleep Work Repeat shows them how, offering more than two dozen research-backed, user-friendly strategies, including:

  • Go to Lunch (it makes you less tired over the weekend)
  • Suggest a Tea Break (it increases team cohesiveness and productivity)
  • Conduct a Pre-Mortem (foreseeing possible issues can prevent problems and creates a spirit of curiosity)

Bio: Bruce Daisley is host of top business podcast Eat Sleep Work Repeat; was Twitter’s most senior employee outside of the US in his role of vice president across Europe, Middle East, and Africa; and before that he ran YouTube UK at Google. Bruce’s passion for improving work led him to create his podcast where he interviews top business and thought leaders on making work better. This, his first book, was a number-one bestseller in the UK and a bestseller across Europe.

Direct download: 865.mp3
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The Deep State, Flow State and Animal Weapons with Michael Covel on Trend Following Radio.

Direct download: 864.mp3
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Alex Osterwalder and Yves Pigneurs’ Business Model Canvas changed the way the world creates and plans new business models. It has been used by corporations and startups and consultants around the world and is taught in hundreds of universities. After years of researching how the world’s best companies develop, test, and scale new business models, the authors have produced their definitive work. The Invincible Company explains what every organization can learn from the business models of the world’s most exciting companies.

The Invincible Company explains how companies such as Amazon, IKEA, Airbnb, Microsoft, and Logitech, have been able to create immensely successful businesses and disrupt entire industries. At the core of these successes are not just great products and services, but profitable, innovative business models–and the ability to improve existing business models while consistently launching new ones. The Invincible Company presents practical new tools for measuring, managing, and accelerating innovation, and strategies for reducing risk when launching new business models. Serving as a blueprint for your growth strategy, The Invincible Company explains how to constantly stay ahead of your competition. In-depth chapters explain how to create new growth engines, change how products and services are created and delivered, extract maximum profit from each type of business model, and much more. New tools―such as the Business Model Portfolio Map, Innovation Metrics, Innovation Strategy Framework, and the Culture Map―enable readers to understand how to design invincible companies.

Bio: Alexander (Alex) Osterwalder is one of the world’s most influential strategy and innovation experts, a leading author, entrepreneur, and in-demand speaker whose work has changed the way established companies do business and how new ventures get started. Ranked No. 4 of the top 50 management thinkers worldwide, Osterwalder is known for simplifying the strategy development process and turning complex concepts into digestible visual models. Together with Yves Pigneur, he invented the Business Model Canvas, Value Proposition Canvas, and Business Portfolio Map – practical tools that are trusted by millions of business practitioners.

In this episode of Trend Following Radio:

Diversified Portfolio
Quarterly Return
Predictability in your Execution Business
Experimentation and Adaptation
Strategic Exploration Capability
Business Models
Leadership System
Exploration and Execution
The Invincible Company
Innovation
Building Fundamentals
Creating Value

Direct download: 863.mp3
Category:general -- posted at: 10:00pm EDT

Mike Dever is a trader and investor. He was also episode number one on this podcast!

Mike has been on the front line of investment innovation and trading for more than 30 years. His firm, Brandywine Asset Management, has produced top-ranked returns for its clients that are uncorrelated to all conventional investment benchmarks. His out-of-the-box thinking, innovative investment philosophy and investment success have made him a featured subject of three books, “Bulls, Bears and Millionaires,” “Market Beaters” and “The Investor’s Guide to Hedge Funds.”

Mike was driven to write his book “Jackass Investing” in 1999, after seeing the fever instilled in people at the peak of that great U.S. stock market bubble. But writing the book took a back seat until the financial crisis of 2008 demanded its completion. Today, Mike devotes his time to running Brandywine Asset Management, which follows his Return Driver based methodology to trade broadly diversified portfolios in the global currency, interest rate, stock index, metals, energy and agricultural markets.

In this episode of Trend Following Radio:

  • Depression
  • Corona Crisis
  • Entrepreneurial Attitude
  • US Equities
  • Globally Diversified Return Driver based Trading
  • Portfolio
  • Global Markets
  • Alpha Hedge Strategy
Direct download: 862.mp3
Category:general -- posted at: 10:00pm EDT

What are you really missing out on?

You’re home on a Friday night, scrolling through Instagram, ready to go to bed.

You see pictures on your timeline of a party you were invited to, but didn’t go to. You were confident when you said no, but now you can’t stop thinking about it, and you start feeling worse.

You have FOMO, or, Fear of Missing Out.

Coined in a Harvard Business School article, FOMO has become a global term to describe the decimating anxiety when thinking other people are having better, more fulfilling, experiences than you are. It’s a natural, biological response, but that doesn’t make it feel any better. Amplified by the rise of social media, #FOMO has become a cultural crisis―so what’s the cure?

Patrick McGinnis, creator of the term FOMO, has been thinking about it for seventeen years―and he has a solution: decision-making. Learning to weigh the costs and benefits of your choices, prioritizing your decisions, and listening to your gut are central to silencing FOMO and its lesser-known cousin, FOBO: Fear of a Better Option. After all, don’t you want to feel comfortable and confident in your decisions?

Bio: Patrick J. McGinnis is a venture capitalist and private equity investor who founded Dirigo Advisors, after a decade on Wall Street, to provide strategic advice to investors, entrepreneurs, and fast-growing businesses.

In this episode of Trend Following Radio:

  • Overwhelming Choice
  • Decision-making
  • Fear of a Better Option (FOBO)
  • Fear of Missing Out (FOMO)
  • Social Theory at HBS: McGinnis’ Two FOs
Direct download: 861.mp3
Category:general -- posted at: 10:00pm EDT

A Pandemic Attitude for Winning with Michael Covel on Trend Following Radio.

Direct download: 860.mp3
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How much is a human life worth? Individuals, families, companies, and governments routinely place a price on human life. The calculations that underlie these price tags are often buried in technical language, yet they influence our economy, laws, behaviors, policies, health, and safety.

These price tags are often unfair, infused as they are with gender, racial, national, and cultural biases that often result in valuing the lives of the young more than the old, the rich more than the poor, whites more than blacks, Americans more than foreigners, and relatives more than strangers. This is critical since undervalued lives are left less-protected and more exposed to risk.

Howard Steven Friedman explains in simple terms how economists and data scientists at corporations, regulatory agencies, and insurance companies develop and use these price tags and points a spotlight at their logical flaws and limitations. He then argues against the rampant unfairness in the system. Readers will be enlightened, shocked, and, ultimately, empowered to confront the price tags we assign to human lives and understand why such calculations matter.

Bio: Howard Steven Friedman is a statistician and health economist for the United Nations. He has worked with major organizations including UNICEF, the World Bank, the World Health Organization, UNFPA, UNAIDS, UNDP, and UNESCO. He is also an adjunct professor at Columbia University’s School of International and Public Affairs.

In this episode of Trend Following Radio:

  • The Value of Human Life
  • Inequity and Inequality
  • Public Health System
  • Post-9/11
  • September 11th Victim Compensation Fund
  • Boston Marathon bombings
  • Stop and Frisk Program
Direct download: 859.mp3
Category:general -- posted at: 10:00pm EDT

A Trend Following Flashback with Michael Covel on Trend Following Radio.

Direct download: 858.mp3
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I continue to have the good fortune to have the great minds on this show. Today, Author Jack Canfield joins me to talk principles for success.

In The Success Principles, the cocreator of the phenomenal bestselling Chicken Soup for the Soul series, helps you get from where you are to where you want to be, teaching you how to increase your confidence, tackle daily challenges, live with passion and purpose, and realize all your ambitions. Filled with memorable and inspiring stories of CEO’s, world-class athletes, celebrities, and everyday people, it spells out the 64 timeless principles used by successful men and women throughout history—proven principles and strategies that can be adapted for your own life, whether you want to be the best salesperson in your company, become a leading architect, score top grades in school, lose weight, buy your dream home, make millions, or just get back in the job market. Taken together and practiced every day, these principles will change your life beyond your wildest dreams.

Bio: Jack Canfield is co-creator of the Chicken Soup for the Soul® series, which includes forty New York Times bestsellers, and coauthor of The Success Principles: How to Get from Where You Are to Where You Want to Be. He is a leader in the field of personal transformation and peak performance and is currently CEO of the Canfield Training Group and Founder and Chairman of the Board of The Foundation for Self-Esteem. An internationally renowned corporate trainer and keynote speaker, he lives in Santa Barbara, California.

In this episode of Trend Following Radio:

  • Forgiveness
  • Self Empowerment
  • Motivation
  • Temple of Golden Buddha
  • Creativity
Direct download: 857.mp3
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Today on Trend Following Radio, Michael Covel interviews Steve Blank. The interview was inspired by Steve’s “The Virus Survival Strategy For Your Startup.” Steve offers: “It’s no longer business as usual for the rest of the economy. In fact, shutting down the economy for a pandemic has never happened. Millions of jobs may be lost in the next few months, as entire industries get devastated, something not seen since the Great Depression of 1929-39. I hope that I’m very wrong, but the impact of this virus social and economic effects are likely to be profound, and will change how we shop, travel and work for years.”

Biography: Eight-time entrepreneur-turned-educator Steve Blank is credited with launching the Lean Startup movement. He’s changed how startups are built, how entrepreneurship is taught, how science is commercialized, and how companies and the government innovate. Recognized as a thought leader on startups and innovation, Steve was named one of the Thinkers50 top management thinkers and recognized by the Harvard Business Review as one of 12 Masters of Innovation.

In this episode of Trend Following Radio:

  • Virus Survival Strategy for your Startup
  • COVID-19 affecting the Economics
  • 1st Engineered Economic Downturn
  • Social Distancing
  • Great Depression
  • The ripple and feedback effect
Direct download: 856.mp3
Category:general -- posted at: 10:00pm EDT

You might imagine that an effective leader is someone who makes quick, intelligent decisions, gives inspiring speeches, and issues clear orders to their team so they can execute a plan to achieve your organization’s goals. Unfortunately, David Marquet argues, that’s an outdated model of leadership that just doesn’t work anymore.

As a leader in today’s networked, information-dense business climate, you don’t have full visibility into your organization or the ground reality of your operating environment. In order to harness the eyes, ears, and minds of your people, you need to foster a climate of collaborative experimentation that encourages people to speak up when they notice problems and work together to identify and test solutions.

Too many leaders fall in love with the sound of their own voice, and wind up dictating plans and digging in their heels when problems begin to emerge. Even when you want to be a more collaborative leader, you can undermine your own efforts by defaulting to command-and-control language we’ve inherited from the industrial era.

It’s time to ditch the industrial age playbook of leadership. In Leadership is Language, you’ll learn how choosing your words can dramatically improve decision-making and execution on your team. Marquet outlines six plays for all leaders, anchored in how you use language:

  • Control the clock, don’t obey the clock: Pre-plan decision points and give your people the tools they need to hit pause on a plan of action if they notice something wrong.
  • Collaborate, don’t coerce: As the leader, you should be the last one to offer your opinion. Rather than locking your team into binary responses (“Is this a good plan?”), allow them to answer on a scale (“How confident are you about this plan?”)
  • Commit, don’t comply: Rather than expect your team to comply with specific directions, explain your overall goals, and get their commitment to achieving it one piece at a time.
  • Complete, not continue: If every day feels like a repetition of the last, you’re doing something wrong. Articulate concrete plans with a start and end date to align your team.
  • Improve, don’t prove: Ask your people to improve on plans and processes, rather than prove that they can meet fixed goals or deadlines. You’ll face fewer cut corners and better long-term results.
  • Connect, don’t conform: Flatten hierarchies in your organization and connect with your people to encourage them to contribute to decision-making.

Biography: L. David Marquet (Captain, US Navy-Retired), a top graduate of the US Naval Academy, commanded the nuclear-powered, fast-attack submarine USS Santa Fe from 1999 to 2001. Since leaving the Navy, he has worked with businesses nationwide as a leadership consultant. He also teaches graduate-level leadership at Columbia University.

Direct download: 855.mp3
Category:general -- posted at: 10:00pm EDT

A Plan for an Uncertain World with Michael Covel on Trend Following Radio.

Direct download: 854.mp3
Category:general -- posted at: 10:00pm EDT

My guest today has insights. Very unique insights. I am very lucky to keep bringing great minds onto this show. An excerpt from his piece that inspired me:

On April 28, 1961—a decade after General Douglas MacArthur was fired for defying Harry Truman on Korea—the controversial commander hosted President John F. Kennedy at New York’s Waldorf Astoria Hotel, where MacArthur and his wife lived in a suite on the 37th floor. The contrast between the two could not have been more obvious: MacArthur, then in his early eighties, was mottled, frail, and walked with a slight stoop, while the newly inaugurated Kennedy was young, fit, and vibrant. The two sequestered themselves in MacArthur’s suite, then posed for photographers, the young president obviously proud to appear with the aging legend.

Fortunately for historians, Kennedy recorded notes on his Waldorf Astoria discussion, committing MacArthur’s advice to a personal memorandum that he later referred to in White House policy discussions. The meeting itself was the subject of news stories and featured on national newscasts that same day. Later, the meeting provided grist for two generations of Kennedy-besotted commenters who debated whether the young president, had he not been assassinated in Dallas, might have recoiled from committing tens of thousands of U.S. troops to a winless war in Southeast Asia—a course of action taken by Lyndon Johnson, his successor.

It turns out that Kennedy’s memo of the Waldorf Astoria meeting (now at Boston’s John F. Kennedy Presidential Library & Museum) is crucial for historians for a number of other reasons. It offers not only a glimpse of how the young president intended to navigate the treacherous waters of the Cold War, but suggests how one of America’s most celebrated military officers viewed what might be called the grand strategy of the American Republic: that is, whether and how the U.S. might win its dangerous struggle against the Soviet Union. Finally, the Waldorf Astoria meeting tells us how MacArthur’s most famous warning—to “never fight a land war in Asia”—has come down to us, what he meant by it, and whether, in an age of American troop deployments in at least 133 countries, it retains its meaning.

Bio: Mark Perry is a military, intelligence, and foreign affairs analyst and writer. His articles have appeared in the Nation, the Washington Post, Foreign Policy, and the Los Angeles Times, among other outlets, and he is a frequent guest commentator and expert on Al Jazeera television network. He is the author of eight books, including Grant and Twain, Partners in Command, and Talking to Terrorists. Perry has served as editor and Washington bureau chief for a number of publications, including Washington D.C.’s City Paper and The Veteran, the largest circulation newspaper for veterans in the nation.

Direct download: 853.mp3
Category:general -- posted at: 10:00pm EDT

Are you solving the right problems? Have you or your colleagues ever worked hard on something, only to find out you were focusing on the wrong problem entirely? Most people have. In a survey, 85 percent of companies said they often struggle to solve the right problems. The consequences are severe: Leaders fight the wrong strategic battles. Teams spend their energy on low-impact work. Startups build products that nobody wants. Organizations implement “solutions” that somehow make things worse, not better. Everywhere you look, the waste is staggering. As Peter Drucker pointed out, there’s nothing more dangerous than the right answer to the wrong question.

There is a way to do better.

The key is reframing, a crucial, underutilized skill that you can master with the help of this book. Using real-world stories and unforgettable examples like “the slow elevator problem,” author Thomas Wedell-Wedellsborg offers a simple, three-step method – Frame, Reframe, Move Forward – that anyone can use to start solving the right problems. Reframing is not difficult to learn. It can be used on everyday challenges and on the biggest, trickiest problems you face. In this visually engaging, deeply researched book, you’ll learn from leaders at large companies, from entrepreneurs, consultants, nonprofit leaders, and many other breakthrough thinkers.

It’s time for everyone to stop barking up the wrong trees. Teach yourself and your team to reframe, and growth and success will follow.

Biography: Thomas Wedell-Wedellsborg is a globally recognized expert on innovation and problem-solving. He has shared and refined his reframing method with clients like Cisco, Microsoft, Citigroup, Time Warner, AbbVie, Caterpillar, Amgen, Prudential, Union Pacific, Credit Suisse, Deloitte, the Wall Street Journal, and the United Nations.

Direct download: 852.mp3
Category:general -- posted at: 10:00pm EDT

Today on Trend Following Radio Michael Covel talks with Jeremy Gutsche the CEO of Trend Hunter.

In our era of disruption and possibility, there are so many great opportunities within your grasp; however, most smart and successful people miss out. Unfortunately, your capabilities are limited by the seven traps of path dependency, which cause you to repeat past decisions. These traps can limit you from seeing the potential of what could be. If you could overcome these traps, what could you accomplish? How much more successful could you be?

Jeremy Gutsche’s Create the Future teaches you how to think disruptively, providing specific steps to create real innovation and change. This book combines Jeremy’s high energy, provocative thinking with tactics that have been battle-tested through thousands of his team’s projects advising leading innovators like Disney, Starbucks, Amex, IBM, Adidas, Google, and NASA.

Biography: Jeremy Gutsche is a New York Times bestselling author, innovation expert and CEO of Trend Hunter, the world’s largest trend platform, with more than 3 billion views total views from 150,000,000 people. Over the last decade, he has helped more than 600 brands, billionaires, CEOs and NASA in the quest to make innovation and change actually happen.

Direct download: 851.mp3
Category:general -- posted at: 10:00pm EDT

Today on Trend Following Radio Michael Covel talks with David Hand.

In the era of big data, it is easy to imagine that we have all the information we need to make good decisions. But in fact the data we have are never complete, and may be only the tip of the iceberg. Just as much of the universe is composed of dark matter, invisible to us but nonetheless present, the universe of information is full of dark data that we overlook at our peril. In Dark Data, data expert David Hand takes us on a fascinating and enlightening journey into the world of the data we don’t see.

David Hand’s Dark Data explores the many ways in which we can be blind to missing data and how that can lead us to conclusions and actions that are mistaken, dangerous, or even disastrous. Examining a wealth of real-life examples, from the Challenger shuttle explosion to complex financial frauds, Hand gives us a practical taxonomy of the types of dark data that exist and the situations in which they can arise, so that we can learn to recognize and control for them. In doing so, he teaches us not only to be alert to the problems presented by the things we don’t know, but also shows how dark data can be used to our advantage, leading to greater understanding and better decisions.

Biography: David J. Hand is emeritus professor of mathematics and senior research investigator at Imperial College London, a former president of the Royal Statistical Society, and a fellow of the British Academy. His many previous books include The Improbability Principle, Measurement: A Very Short Introduction, Statistics: A Very Short Introduction, and Principles of Data Mining.

Direct download: 850.mp3
Category:general -- posted at: 10:00pm EDT

Don’t fly blind. See how the power of experiments works for you. Michael talks today with an expert in the field–Stefan Thomke.

When it comes to improving customer experiences, trying out new business models, or developing new products, even the most experienced managers often get it wrong. They discover that intuition, experience, and big data alone don’t work. What does? Running disciplined business experiments. And what if companies roll out new products or introduce new customer experiences without running these experiments? They fly blind.

That’s what Harvard Business School professor Stefan Thomke shows in this rigorously researched and eye-opening book. It guides you through best practices in business experimentation, illustrates how these practices work at leading companies, and answers some fundamental questions: What makes a good experiment? How do you test in online and brick-and-mortar businesses? In B2B and B2C? How do you build an experimentation culture? Also, best practice means running many experiments. Indeed, some hugely successful companies, such as Amazon, Booking.com, and Microsoft, run tens of thousands of controlled experiments annually, engaging millions of users. Thomke shows us how these and many other organizations prove that experimentation provides significant competitive advantage.

How can managers create this capability at their own companies? Essential is developing an experimentation organization that prizes the science of testing and puts the discipline of experimentation at the center of its innovation process. While it once took companies years to develop the tools for such large-scale experiments, advances in technology have put these tools at the fingertips of almost any business professional. By combining the power of software and the rigor of controlled experiments, today’s managers can make better decisions, create magical customer experiences, and generate big financial returns.

“The experiment is the way of keeping you honest.” — Stefan Thomke

Direct download: 849.mp3
Category:general -- posted at: 10:00pm EDT

Welcome to Thunderdome with Michael Covel on Trend Following Radio.

Direct download: 848.mp3
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Laura Huang, a preeminent Harvard Business School professor, shows that success is about gaining an edge: that elusive quality that gives you an upper hand and attracts attention and support. Some people seem to naturally have it. Now, Huang teaches the rest of us how to create our own from the challenges and biases we think hold us back, and turning them to work in our favor.

How do you find a competitive edge when the obstacles feel insurmountable? How do you get people to take you seriously when they’re predisposed not to, and perhaps have already written you off?

Laura Huang has come up against that problem many times–and so has anyone who’s ever felt out of place or underestimated. Many of us sit back quietly, hoping that our hard work and effort will speak for itself. Or we try to force ourselves into the mold of who we think is “successful,” stifling the creativity and charm that makes us unique and memorable.

Huang offers a different approach. She argues that success is rarely just about the quality of our ideas, credentials, and skills, or our effort. Instead, achieving success hinges on how well we shape others’ perceptions–of our strengths, certainly, but also our flaws. It’s about creating our own edge by confronting the factors that seem like shortcomings and turning them into assets that make others take notice.

Huang draws from her award-winning research on entrepreneurial intuition, persuasion, and implicit decision-making, to impart her profound findings and share stories of previously-overlooked Olympians, assistants-turned-executives, and flailing companies that made momentous turnarounds. Through her deeply-researched framework, Huang shows how we can turn weaknesses into strengths and create an edge in any situation. She explains how an entrepreneur scored a massive investment despite initially being disparaged for his foreign accent, and how a first-time political candidate overcame voters’ doubts about his physical disabilities.

Edge shows that success is about knowing who you are and using that knowledge unapologetically and strategically.

Direct download: 847.mp3
Category:general -- posted at: 10:00pm EDT

When Mass Panic Rolls Out You Need A Plan with Michael Covel on Trend Following Radio.

Direct download: 846.mp3
Category:general -- posted at: 10:00pm EDT

We are at the dawn of the Autonomous Revolution, a turning point in human history as decisive as the Agricultural and Industrial Revolutions. More and more, AI-based machines are replacing human beings, and online environments are gathering our data and using it to manipulate us. This loss of human autonomy amounts to nothing less than a societal phase change, a fundamental paradigm shift. The same institutions will remain–schools, banks, churches, and corporations–but they will radically change form, obey new rules, and use new tools.

William H. Davidow and Michael S. Malone go deeply into the enormous implications of these developments. They show why increases in productivity no longer translate into increases in the GDP and how zero cost, one-to-many communications have been turned into tools for cybercrime and propaganda. Many of the book’s recommendations–such as using taxes to control irresponsible internet behavior and enabling people to put their data into what are essentially virtual personal information “safety deposit boxes”–are bold and visionary, but we must figure out how we will deal with these emerging challenges now, before the Autonomous Revolution overcomes us.

Direct download: 845.mp3
Category:general -- posted at: 10:00pm EDT

Howard Marks Inspiration with Michael Covel on Trend Following Radio.

Direct download: 844.mp3
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Bain & Company partner Rob Markey argues most companies are too focused on earnings at the expense of customers. Instead they should measure and report “customer value” to investors, like Costco, Amex and Humana do, with consistent metrics that allow investors and other stakeholders to judge a company’s true value compared to competitors.

Too often, earnings pressure results in cost-cutting measures that hurt customers. But if you want to compete in today’s loyalty economy, customer value should be reported in your next quarterly and annual earnings or IPO reports, and it should become the focus of the money and attention you invest in your company. The article contains tips and original research with numerical data on how much faster loyalty leading companies grow revenues and shareholder returns than competitors.

Bio: Rob Markey is a partner and director at Bain & Company and the founder of the firm’s Global Customer Strategy and Marketing practice. He is a coauthor of The Ultimate Question 2.0 and is the host of the Net Promoter System podcast.

Direct download: 843.mp3
Category:general -- posted at: 10:00pm EDT

Michael Covel Goes on the Trend Following Tour on Trend Following Radio.

Direct download: 842.mp3
Category:general -- posted at: 10:00pm EDT

Tom Golisano understands the fears, risks, and challenges small-business owners face every day—he’s lived it. He has launched and grown his own highly successful businesses and mentored dozens of entrepreneurs, helping them build their own successful companies.

Built, Not Born shows readers:

• How going against the grain can be a great strategy for finding business opportunities and why it pays to question conventional wisdom.

• Why the pregnant pause can be an effective weapon in negotiations and when interviewing potential employees.

• Why a prenuptial or even a postnuptial agreement is critical to any business owner.

• What potential buyers and funding sources look for, and the best way to present a business plan.

• And finally, the key growth and leadership strategies that have helped Paychex sustain its incredible level of growth and profitability.

Tom Golisano—entrepreneur, philanthropist, civic leader, and former owner of the Buffalo Sabres NHL team—is the founder and chairman of the Board of Paychex, Inc., headquartered in Rochester, New York, with more than 15,500 employees and 100 office locations nationwide. Still active in business and philanthropy, he currently mentors the entrepreneurs who run the businesses in which he has invested, and he also oversees his family’s charitable foundation. To date he has donated over $250 million to a wide range of charitable causes, including educational institutions, children’s hospitals, and especially organizations working with people who have developmental and intellectual disabilities.

Direct download: 841.mp3
Category:general -- posted at: 10:00pm EDT

Dan Ferris is the editor of Extreme Value, a monthly investment advisory that focuses on some of the safest and yet most profitable stocks in the market: great businesses trading at steep discounts. And while Dan and Michael employ different investing strategies, their conversation today reveals much in common.

Dan joined Stansberry Research in 2000. He became editor of Extreme Value in 2002. His strategy of finding safe, cheap, and profitable stocks has earned him a loyal following – as well as one of the most impressive track records in the industry.

Dan was among the few analysts to accurately describe the breadth and depth of the coming 2008 financial crisis. And he told investors to get out of small-cap mining stocks in 2011, before they went into a brutal, multi-year bear market.

As a result of his work in Extreme Value, Dan has appeared on Money with Melissa Francis and The Willis Report on Fox Business News, as well as The Street with Paul Bagnell on Business News Network. He has also been featured in Barron’s, the Value Investing Letter, and financial radio programs around the country.

Direct download: 840.mp3
Category:general -- posted at: 10:00pm EDT

The hidden key to successful transformation in any organization lies between human intuition and data-driven insights. Rishad Tobaccowala draws on research and interviews, as well as over three decades of experience as a business and thought leader, to describe how digilog companies—ones where digital tools and analog people are integrated expertly—develop a hybrid consciousness and learn to be proactive when they see warning signs that human traits are being subordinated to technology and data only decisions. Restoring the Soul of Business provides practical tools and techniques that every organization can and should implement, and challenges us to move forward with the kind of balance that catalyzes transformation and produces one great success after another:

Understand how to unleash the significant benefit that can by realized by combining emotion and data, human and machine, analog and digital.

Spot the warning signs of data-blinded companies: cold cultures with little human interaction, poor innovation stemming from stifled employees not encouraged to contribute ideas or insights, and poor customer service due to automated, robotic processes that cause frustration and hurt the brand.

Explore how organizations of various sizes and from different industries, from Walmart and IBM to Starbucks and Domino’s to Netflix and Google, have successfully reoriented their thinking on how to fuse technology and humanity.

Gain skills to become an expert in connections critical to growth and success, including the connection between being creative and using technology, between succeeding today and thriving tomorrow, and between leveraging networks and creating new ideas and approaches.

Biography: Rishad Tobaccowala is the Chief Growth Officer at Publicis Groupe, an advertising and communications firm whose 80,000 employees worldwide are dedicated to delivering marketing and business transformation. He is responsible for supporting the leaders of Publicis Groupe’s largest global clients, to help these organizations grow in a revolutionary time for all businesses.

Direct download: 839.mp3
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Take Shots with Michael Covel on Trend Following Radio.

Direct download: 838.mp3
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Author Nir Eyal joins Michael for his second appearance on the show. And today it’s all about distraction.

For example. You sit down at your desk to work on an important project, but a notification on your phone interrupts your morning. Later, as you’re about to get back to work, a colleague taps you on the shoulder to chat. At home, screens get in the way of quality time with your family. Another day goes by, and once again, your most important personal and professional goals are put on hold.

What would be possible if you followed through on your best intentions? What could you accomplish if you could stay focused? What if you had the power to become “indistractable?”

Eyal reveals the hidden psychology driving us to distraction. He describes why solving the problem is not as simple as swearing off our devices: Abstinence is impractical and often makes us want more.

Eyal overturns conventional wisdom and reveals:

• Why distraction at work is a symptom of a dysfunctional company culture—and how to fix it.

• What really drives human behavior and why “time management is pain management.”

• Why your relationships (and your sex life) depend on you becoming indistractable.

• How to raise indistractable children in an increasingly distracting world.

Empowering and optimistic, Indistractable provides practical, novel techniques to control your time and attention—helping you live the life you really want.

Direct download: 837.mp3
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Scott Adams and Wise Advice About Not Staying in Your Lane.

Direct download: 836.mp3
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A New 2020 Book with Michael Covel on Trend Following Radio.

Direct download: 835.mp3
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“AI is the ‘runtime’ that is going to shape all of what we do.” –Satya Nadella, CEO, Microsoft

Marco Iansiti and Karim R. Lakhani show how reinventing the firm around data, analytics, and AI removes traditional constraints on scale, scope, and learning that have restricted business growth for hundreds of years. From Airbnb to Ant Financial, Microsoft to Amazon, research shows how AI-driven processes are vastly more scalable than traditional processes, allow massive scope increase, enabling companies to straddle industry boundaries, and create powerful opportunities for learning–to drive ever more accurate, complex, and sophisticated predictions.

When traditional operating constraints are removed, strategy becomes a whole new game, one whose rules and likely outcomes this book will make clear. Iansiti and Lakhani:

• Present a framework for rethinking business and operating models.

• Explain how “collisions” between AI-driven/digital and traditional/analog firms are reshaping competition, altering the structure of our economy, and forcing traditional companies to rearchitect their operating models.

• Explain the opportunities and risks created by digital firms.

• Describe the new challenges and responsibilities for the leaders of both digital and traditional firms.

This is an essential guide for rethinking how your firm competes and operates in the era of AI.

Marco Iansiti, the David Sarnoff Professor of Business Administration at Harvard Business School, also heads the school’s Technology and Operations Management Unit and the Digital Initiative. Iansiti is an expert on digital innovation, with a special focus on strategy and business and operating model transformation. He advises Global 1000 companies on digital strategy and transformation and has conducted research on a variety of organizations, including Microsoft, Facebook, IBM, Amazon, Alibaba, and Google, among many others.

Karim R. Lakhani is the Charles E. Wilson Professor of Business Administration and the Dorothy and Michael Hintze Fellow at Harvard Business School. He is the founder and codirector of the Laboratory for Innovation Science at Harvard, the principal investigator of the NASA Tournament Laboratory at the Harvard Institute for Quantitative Social Science, and the faculty cofounder of the Digital Initiative at HBS. He is also Chair of the Harvard Business Analytics Program. He specializes in technology management and innovation.

Direct download: 834.mp3
Category:general -- posted at: 10:00pm EDT

“In the age of fake news, understanding who we trust and why is essential in explaining everything from leadership to power to our daily relationships.”

We live in a world where proven facts and verifiable data are freely and widely available. Why, then, are self-confident ignoramuses so often believed over thoughtful experts? And why do seemingly irrelevant details such as a person’s appearance or financial status influence whether or not we trust what they are saying, regardless of their wisdom or foolishness?

Stephen Martin and Joseph Marks compellingly explain how in our uncertain and ambiguous world, the messenger is increasingly the message. We frequently fail, they argue, to separate the idea being communicated from the person conveying it, explaining why the status or connectedness of the messenger has become more important than the message itself.

Messengers influence business, politics, local communities, and our broader society. And Martin and Marks reveal the forces behind the most infuriating phenomena of our modern era, such as belief in fake news and how presidents can hawk misinformation and flagrant lies yet remain.

Stephen Martin, the CEO of the consulting and training company Influence at Work, works with companies around the world. He is the co-author of Yes! 50 Secrets from the Science of Persuasion, which has sold over a million copies internationally and been translated into 26 languages. Steve’s work has been featured in broadcast and print media across the world, including BBC TV and Radio, MSNBC, The New York Times, Wall Street Journal, Wired, The London Times, Sunday Telegraph, and the Guardian. Joseph Marks is an associate consultant with Influence at Work and a doctoral candidate working jointly at Massachusetts Institute of Technology and University College London. His research and studies have been published in both academic journals and The New York Times, Bloomberg and the Harvard Business Review.

Direct download: 833.mp3
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The Daily Stoic Meets The Trend Attitude with Michael Covel on Trend Following Radio.

Direct download: 832.mp3
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Award-winning Carleton University neuroscientist Kim Hellemans and cognitive scientist Jim Davies created an audio show called “Minding the Brain.” Michael, Kim and Jim jump into all that is the mind!

Jim Davies is an award-winning American/Canadian cognitive scientist, playwright, artist, and author. He is a professor at the Institute of Cognitive Science and the School of Computer Science at Carleton University, where he is the director of the Science of Imagination Laboratory. His research focuses on visual reasoning, analogy, and imagination. Kim Hellemans is a Senior Instructor in the Department of Neuroscience at Carleton University, where her research focused on understanding the biological basis of drug addiction.

Direct download: 831.mp3
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Roll into 2020 with Michael Covel on Trend Following Radio.

Direct download: 830.mp3
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Steve Blank is a Silicon Valley entrepreneur based in Pescadero, California.

Blank is recognized for developing the customer development method that launched the lean startup movement, a methodology which recognized that startups are not smaller versions of large companies, but require their own set of processes and tools to be successful. His Lean Launchpad class (taught as the National Science Foundation Innovation Corps) has become the standard for commercialization for all federal research.

Blank writes and teaches about customer development and the lean startup method. He is an adjunct professor of entrepreneurship at Stanford; lectures at the UC Berkeley Haas School of Business, and is a senior fellow at Columbia University. He has written four books: The Four Steps to the Epiphany, Not All Those Who Wander Are Lost, The Startup Owner’s Manual and Holding a Cat by the Tail.

And I am lucky to have Steve on today!

Direct download: 829.mp3
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Michael answers TurtleTrader questions. A new interview.

Direct download: 828.mp3
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The New York Times bestselling coauthor of Sex at Dawn explores the ways in which “progress” has perverted the way we live: how we eat, learn, feel, mate, parent, communicate, work, and die. That author, Chris Ryan, joins Michael for his second appearance on Trend Following Radio.

Most of us have instinctive evidence the world is ending—balmy December days, face-to-face conversation replaced with heads-to-screens zomboidism, a world at constant war, a political system in disarray. We hear some myths and lies so frequently that they feel like truths: Civilization is humankind’s greatest accomplishment. Progress is undeniable. Count your blessings. You’re lucky to be alive here and now. Well, maybe we are and maybe we aren’t. Civilized to Death counters the idea that progress is inherently good, arguing that the “progress” defining our age is analogous to an advancing disease.

Prehistoric life, of course, was not without serious dangers and disadvantages. Many babies died in infancy. A broken bone, infected wound, snakebite, or difficult pregnancy could be life-threatening. But ultimately, Ryan argues, were these pre-civilized dangers more murderous than modern scourges, such as car accidents, cancers, cardiovascular disease, and a technologically prolonged dying process? At a time when our ecology, our society, and our own sense of selves feels increasingly imperiled, an accurate understanding of our species’ long prelude to civilization is vital to a clear sense of the ultimate value of civilization—and its costs. In Civilized to Death, Ryan makes the claim that we should start looking backwards to find our way into a better future.

Direct download: 827.mp3
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A 2019 Christmas Deep Dive with Michael Covel on Trend Following Radio.

Direct download: 826.mp3
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In Elevate, Robert Glazer reveals four life-changing principles ― or capacities ― that will allow you to overcome self-limiting beliefs, establish positive habits, and find your “why.” As we look to elevate ourselves, we mean so much more than beating the competition. After all, our greatest competition is ourselves! We need to find ways to consistently outperform ourselves and our own expectations.

Robert Glazer has built a career on accelerating productivity and careers. ELEVATE is based on his five foundational elements necessary for increasing our capacity: Finding Your Why, Overcoming Self-Limiting Beliefs, Setting Goals and Creating Accountability, Maintaining Health and Wellness, and Establishing Routine and Positive Habits.

The key is elevating yourself beyond the edge of your current abilities. Challenge yourself, and the result will inspire others to rise along with you. It’s time to break free of your limits.

Direct download: 825.mp3
Category:general -- posted at: 10:00pm EDT

Former CEO and Chairman of Nasdaq, Robert Greifeld shares stories, insights, and lessons learned from one of the world’s largest stock exchanges, detailing his transformation of Nasdaq from a fledgling U.S. equities market to a global financial technology company.

During 2003, the U.S. economy was described by one economist as “nervous, anxious, and waiting.” In December the Dow had topped 10,000 for the first time in a year and a half, and at year’s end the markets were up for the first time since 1999. But in the same year, American troops had moved into Iraq, and corporate boards were cutting CEOs at the slightest signs of trouble.

Amidst this turmoil Robert Greifeld, a former tech entrepreneur from outside the Wall Street bubble, became CEO of Nasdaq, a position he would hold for the next thirteen years. He saw the company through one of the most mercurial economic periods in history: the Bernie Madoff mega-scandal; Facebook’s tumultuous and disastrous IPO; Hurricane Sandy’s disruption of the world’s financial hub; the implosion of America’s housing market and the global economic crash that followed.

Robert, who stepped aside as Nasdaq’s CEO at the end of 2016, looks back at more than a decade of transformational change that occurred on his watch in order to share his insights and lessons.

Direct download: 824.mp3
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Time is limited. Attention is scarce. Are you engaging your customers?

Apple Stores, Disney, LEGO, Starbucks. Do these names conjure up images of mere goods and services, or do they evoke something more–something visceral?

Welcome to the Experience Economy, where businesses must form unique connections in order to secure their customers’ affections–and ensure their own economic vitality.

This seminal book on experience innovation by Joe Pine and Jim Gilmore explores how savvy companies excel by offering compelling experiences for their customers, resulting not only in increased customer allegiance but also in a more profitable bottom line. Translated into thirteen languages, The Experience Economy has become a must-read for leaders of enterprises large and small, for-profit and nonprofit, global and local.

Now with a brand-new preface, Joseph Pine and James Gilmore make an even stronger case for experiences as the critical link between a company and its customers in an increasingly distractible and time-starved world. Filled with detailed examples and actionable advice, The Experience Economy helps companies create personal, dramatic, and even transformative experiences, offering the script from which managers can generate value in ways aligned with a strong customer-centric strategy.

Direct download: 823.mp3
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You Are Supposed to Think Like the Mob with Michael Covel on Trend Following Radio.

Direct download: 822.mp3
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Responsible for brokering some of the biggest mergers and acquisitions in finance, Chris Varelas was listed among the top 100 dealmakers by the New York Times and was named top technology rainmaker by DealMakers Monthly magazine. After working as Citi’s head of technology, media, and telecommunications during the first dot-com boom and then leading the company’s national investment bank and regional offices, Varelas left Citi in 2008 to cofound Riverwood Capital, a premier private equity firm in Silicon Valley.

Chris brings a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system, how money became our adversary, and why finding a new course is crucial to a healthy society.

In the not too distant past, money was simple. You might have had a bank account and a mortgage, perhaps some basic investments. Wall Street didn’t have a reputation for greed and recklessness. That all started to change in the eighties, as our financial systems became increasingly complex, moving beyond the understanding of the general public while impacting our lives in innumerable ways. The financial world began to feel like an enigma—a rogue force working against us, seemingly controlled by no one.

From an industry veteran who’s had firsthand involvement in the events that shaped modern money, How Money Became Dangerous journeys from the crime-ridden LA jewelry district to the cutthroat Salomon Brothers trading floor, from the high-stakes world of investment banking to the center of the technology boom, capturing the key deals, developments, and players that made the financial world what it is today. The book illuminates the dark, hidden forces of Wall Street and how it has dehumanized and left behind everyday Americans. A fresh and enlightening take on how we reached this point, How Money Became Dangerous also makes the case for why Wall Street needs to be saved, if only to save ourselves.

Direct download: 821.mp3
Category:general -- posted at: 12:00pm EDT

Tell Me Something I Don't Know? Well, Scott Galloway, Brian Christian, Matthew Walker and Jeffrey Tucker do just that on this post holiday mega episode.

Direct download: 820.mp3
Category:general -- posted at: 7:20pm EDT

This is a new conversation with Paul Gulino and Michael. Think of it as Part II. Here is part I.

Paul Gulino believes in Hitchcock’s adage that “films are made on paper.” Although students may obsess about a film’s look, all of the visual elements, he says, function to enhance the story. And that, ultimately, comes from the mind of the screenwriter.

In spite of the fact that there seems to be a screenwriter behind every corner (in California, at least), screenwriting is something of a lost art, Gulino maintains, having seen hundreds of flat screenplays as a story analyst for Showtime Entertainment.

Honing his own skills through writing for the theater and practicing the craft as taught by Frank Daniel and Milos Forman, Gulino secured an agent with William Morris on the basis of his thesis script. With that “real world” confirmation in hand, Gulino went on to write and see produced features, plays and comedy sketches.

Screenwriting, he says, isn’t a craft you can learn from a book. “The best way is to learn from someone who knows the craft, so you can see how theories can be applied to your own work.” There must be something to that.

Direct download: 819.mp3
Category:general -- posted at: 10:00pm EDT

The Act of Thinking Can Feel Nice with Michael Covel on Trend Following Radio.

Direct download: 818.mp3
Category:general -- posted at: 10:00pm EDT

Have you ever walked away from an argument and suddenly thought of all the brilliant things you wish you’d said? Do you avoid certain family members and colleagues because of bitter, festering tension that you can’t figure out how to address?

Now, finally, there’s a solution: a new framework that frees you from the trap of unproductive conflict and pointless arguing forever.

If the threat of raised voices, emotional outbursts, and public discord makes you want to hide under the conference room table, you’re not alone. Conflict, or the fear of it, can be exhausting. But as this powerful book argues, conflict doesn’t have to be unpleasant. In fact, properly channeled, conflict can be the most valuable tool we have at our disposal for deepening relationships, solving problems, and coming up with new ideas.

As the mastermind behind some of the highest-performing teams at Amazon, Twitter, and Slack, Buster Benson spent decades facilitating hard conversations in stressful environments. In this book, Buster reveals the psychological underpinnings of awkward, unproductive conflict and the critical habits anyone can learn to avoid it. Armed with a deeper understanding of how arguments, you’ll be able to:

• Remain confident when you’re put on the spot
• Diffuse tense moments with a few strategic questions
• Facilitate creative solutions even when your team has radically different perspectives

Why Are We Yelling will shatter your assumptions about what makes arguments productive. You’ll find yourself having fewer repetitive, predictable fights once you’re empowered to identify your biases, listen with an open mind, and communicate well.

Buster Benson is an entrepreneur and a former product leader at Amazon, Twitter, Slack, and Patreon. He’s now CEO of 750words.com and writes for Medium.

Direct download: 817.mp3
Category:general -- posted at: 10:00pm EDT

A Trading Primer with Michael Covel on Trend Following Radio. Michael digs into the archive to remind us all about great trading.

Direct download: 816.mp3
Category:general -- posted at: 10:00pm EDT

Mark Minervini shares his time-tested approach for bringing your personal best to everything you do. Whether you are in business, stock trading, sports, or even training for the Olympics, Mindset Secrets for Winning reveals everything you need to know to perform at the highest level, and succeed at realizing your dreams. Mark shares his “secret” Empowerment Principles that propelled him from a junior-high school dropout to a multimillionaire Wall Street sensation. His incredible journey is one of the most amazing success stories in America. Inside this book, Mark reveals the technology and tools that you can use immediately to CREATE YOUR OWN SUCCESS and ACHIEVE YOUR GOALS. Transform your thinking with strategies used by world-class athletes and coaches, elite performers in business, and exceptional winners from all around the world. Develop a winning mindset and ACE EVERY CHALLENGE! Inspiration, knowledge and real-life experience – everything is here in the ultimate personal empowerment guide to human excellence. Mark Minervini is one of America’s most successful stock traders. He’s a former U.S. Investing Champion and the author of the international best-sellers Trade Like a Stock Market Wizard and Think and Trade Like a Champion. Mark’s journey from rags-to-riches is a remarkable and inspiring success story. His success, books and performance coaching have become legendary around the world.

Direct download: 815.mp3
Category:general -- posted at: 10:00pm EDT

Jim Simons is the greatest money maker in modern financial history. No other investor–Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros–can touch his record. Since 1988, Renaissance’s signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars.

Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that’s sweeping the world.

As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump’s victorious 2016 effort. Mercer also impacted the campaign behind Brexit.

The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It’s also a story of what Simons’s revolution means for the rest of us.

Gregory Zuckerman is the author of The Greatest Trade Ever and The Frackers, and is a Special Writer at the Wall Street Journal. At the Journal, Zuckerman writes about financial firms, personalities and trades, as well as hedge funds and other investing and business topics. He’s a three-time winner of the Gerald Loeb award, the highest honor in business journalism. Zuckerman also appears regularly on CNBC, Fox Business and other networks and radio stations around the globe.

Direct download: 814.mp3
Category:general -- posted at: 8:00pm EDT

Around the world, populist movements are gaining traction among the white working class. Meanwhile, members of the professional elite―journalists, managers, and establishment politicians–are on the outside looking in, left to argue over the reasons. In White Working Class, Joan C. Williams, described as having “something approaching rock star status” by the New York Times, explains why so much of the elite’s analysis of the white working class is misguided, rooted in class cluelessness.

Williams explains that many people have conflated “working class” with “poor”–but the working class is, in fact, the elusive, purportedly disappearing middle class. They often resent the poor and the professionals alike. But they don’t resent the truly rich, nor are they particularly bothered by income inequality. Their dream is not to join the upper middle class, with its different culture, but to stay true to their own values in their own communities–just with more money. While white working-class motivations are often dismissed as racist or xenophobic, Williams shows that they have their own class consciousness.

White Working Class is a blunt, bracing narrative that sketches a nuanced portrait of millions of people who have proven to be a potent political force. For anyone stunned by the rise of populist, nationalist movements, wondering why so many would seemingly vote against their own economic interests, or simply feeling like a stranger in their own country, White Working Class will be a convincing primer on how to connect with a crucial set of workers–and voters.

Joan C. Williams is Distinguished Professor of Law and Hastings Foundation Chair at the University of California, Hastings College of the Law.

Direct download: 813.mp3
Category:general -- posted at: 10:00pm EDT

The Art of Not Thinking with Michael Covel on Trend Following Radio.

Direct download: 812.mp3
Category:general -- posted at: 9:00pm EDT

Tara Swart, neuroscientist and Senior Lecturer at MIT, reveals the surprising science that supports The Law of Attraction as an effective tool for self-discovery and offers a guide to discovering your authentic self to access your best life now.

Self-help books like The Secret show us that if we can tap into “The Law of Attraction,” we have the power to change our destiny simply by reshaping our mind. Millions of people have used the ancient systems of manifestation and visualization to find health, success, love, friendship, wealth, and more. But does the “Law of Attraction” actually work? And more important, is this kind of life-changing philosophy within reach for everyone, even the most skeptical among us?

Tara Swart shows us if we can strip away our skepticism, these ancient tools of manifestation and visualization are fundamentally powerful and incredibly effective at freeing us of self-limiting behaviors and propelling us toward our truest, most authentic selves. Swart reveals how and why these systems actually work by offering the latest breakthroughs in neuroscience and behavioral psychology, including lessons in neuroplasticity, magneticism, emotional and logical thinking, and even hydration, self-care, and relaxation. Next, she describes her own journey from skeptic to believer, and guides readers through the scientific breakthroughs and personal revelations that changed her from an unhappy, close-minded, and disconnected woman wanting more from life, to a successful entrepreneur living with confidence, purpose, and joy.

The truth is, most of the things we want—health, happiness, wealth, love—are governed by our ability to think, feel, and act—in other words, by our brain. Dr. Swart combines the insights and inspiration of The Secret with the practical lessons of The Master Key System to help a new generation fulfill their dreams. The Source is a rigorous, proven toolkit for unlocking our minds—and reaching our fullest potential.

Direct download: 811.mp3
Category:general -- posted at: 10:00pm EDT

Michael digs into We Work and SoftBank for an outside the box lesson on Trend Following Radio.

Direct download: 810.mp3
Category:general -- posted at: 10:00pm EDT

Technology has enabled us to be more interconnected today than ever before. So why do so many of us feel isolated and undervalued at work? Why does it feel like something is missing? It doesn’t have to be this way. In these rapidly changing, challenging times, how do we―YOU―develop the intuition, self-awareness, and interpersonal agility required to prosper?

Here’s what we’ve lost track of: organizations are run by people, and people run on emotions. Strong relationships are the bedrock of lasting success, meaning, and joy at work. In this life-changing guide, Dr. Melanie Katzman shows an impactful approach to connect first as fellow humans, then as coworkers and colleagues, to forge the deep bonds that make a significant difference. Learn how to:

• Establish respect and make others feel valued
• Engage all of your senses to create a truly inclusive culture
• Become popular and be the person everyone wants to work with
• Grow loyalty by making it about them―your coworkers
• Resolve conflicts by remaining curious and open with others
• Fight fear (and prepare for the future) by stepping outside your comfort zone and experimenting with new ideas
• Have a big impact by leveraging your platform, living your values, and leading the change

Melanie Katzman, PhD, is a business psychologist, advisor, and consultant to the world’s top public and private companies, as well as governmental and nonprofit institutions. As the founder of Katzman Consulting, she is a sought-after expert in executive development, group dynamics, and leadership diversity, and has worked with businesses―including Accenture, Bain Consulting, Goldman Sachs, MTV, PwC, and Viacom―in 31 countries.

Direct download: 809.mp3
Category:general -- posted at: 10:00pm EDT

Niels Kaastrup-Larsen and Michael talk all things trend following today using Niels’ podcast as the starting point for discussion.

Niels Kaastrup-Larsen is Managing Director of DUNN Capital (Europe). DUNN Capital (Europe) is a Swiss entity with which DUNN has an exclusive consulting agreement to perform business development for DUNN’s programs in Europe. Niels has been in the managed futures business since 1990, holding management positions at several leading CTAs: GNI Fund Management, Chesapeake, Beach Capital and Rho Asset Management, the last two of which he co-founded. He is the founder and host of the podcast Top Traders Unplugged.

Direct download: 808.mp3
Category:general -- posted at: 10:00pm EDT

You might think you know what it takes to lead a happier life… more money, a better job, or Instagram-worthy vacations. You’re dead wrong. Yale professor Dr. Laurie Santos has studied the science of happiness and found that many of us do the exact opposite of what will truly make our lives better. Based on the psychology course she teaches at Yale–the most popular class in the university’s 300-year history–Laurie takes Michael through the latest scientific research and shares some surprising and inspiring stories that will change the way we all think about happiness.

Bio: Laurie Santos is a professor of psychology and cognitive science at Yale University. She is also the Director of Yale’s Comparative Cognition Laboratory, Director of Yale’s Canine Cognition Lab, and the Head of Yale residential college Silliman College. She has been a featured TED speaker, and has been listed in Popular Science Magazine as one of their “Brilliant 10” young minds in 2007, and in Time magazine as a “Leading Campus Celebrity” in 2013. In January 2018, her course titled, “Psychology and the Good Life” became the most popular course in Yale’s history, with approximately one-fourth of Yale’s undergraduates enrolled.

Direct download: 807.mp3
Category:general -- posted at: 10:00pm EDT

Vitaliy Katsenelson and Michael engage in a conversation that starts with a discussion of The Subtle Art of Not Giving a Fuck by Mark Manson.

Vitaliy Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates. While his primary focus is on discovering under-valued companies for his clients, he is also known for his uncommon common sense, which he has regularly expressed in articles in the Financial Times, Barron’s, Bloomberg Businessweek, the Christian Science Monitor, Institutional Investor, and the New York Post, among other outlets. He speaks frequently to investment groups around the world, and was most recently profiled in Barron’s. Previously, he was an adjunct faculty member at the University of Colorado Graduate School of Business, and he is also the author of Active Value Investing.

In this episode of Trend Following Radio:

  • The Subtle Art of Not Giving a Fuck
  • Active Value Investing
  • The Little Book of Sideways Markets: How to Make Money in Markets that Go Nowhere
Direct download: 806.mp3
Category:general -- posted at: 10:00pm EDT

Is it worth swimming in shark-infested waters to surf a 50-foot, career-record wave?

Is it riskier to make an action movie or a horror movie?

Should sex workers forfeit 50 percent of their income for added security or take a chance and keep the extra money?

Most people wouldn’t expect an economist to have an answer to these questions–or to other questions of daily life, such as who to date or how early to leave for the airport. But those people haven’t met Allison Schrager, an economist and award-winning journalist who has spent her career examining how people manage risk in their lives and careers.

Whether we realize it or not, we all take risks large and small every day. Even the most cautious among us cannot opt out–the question is always which risks to take, not whether to take them at all. What most of us don’t know is how to measure those risks and maximize the chances of getting what we want out of life.

In An Economist Walks into a Brothel, Schrager equips readers with five principles for dealing with risk, principles used by some of the world’s most interesting risk takers. For instance, she interviews a professional poker player about how to stay rational when the stakes are high, a paparazzo in Manhattan about how to spot different kinds of risk, horse breeders in Kentucky about how to diversify risk and minimize losses, and a war general who led troops in Iraq about how to prepare for what we don’t see coming.

When you start to look at risky decisions through Schrager’s new framework, you can increase the upside to any situation and better mitigate the downside.

Bio: Allison Schrager is an economist, journalist at Quartz, and co-founder of LifeCycle Finance Partners, LLC, a risk advisory firm. Allison diversified her career by working in finance, policy, and media. She led retirement product innovation at Dimensional Fund Advisors and consulted to international organizations, including the OECD and IMF.

Direct download: 805.mp3
Category:general -- posted at: 10:00pm EDT

Michael talks with Larry Hite about his first book The Rule.

It's the empowering story of Larry Hite’s unlikely rise to the top of the hedge fund world―with critical insights and lessons you can take to the bank

Larry recounts his working-class upbringing in Brooklyn as a dyslexic, partially blind kid who was anything but a model student―and how he went on to found and run Mint Investment Management Company, one of the most profitable and largest quantitative hedge funds in the world.

Hite’s wild success is based on his deep understanding that markets are flawed―just like people. Through his early-life struggles and failures, Hite came to know himself well―his fears, his frustrations, his self-doubt, and his tolerance for all of the above. This motivational book reveals that by accepting the facts of his life and of himself, he was able to accept markets as they are. And that was the key to his success.

You’ll walk of the footsteps of an investing legend, who imparts smart, practical trading lessons throughout the journey. Making a successful living in trading isn’t about beating the markets. It’s about meeting markets where they are, embracing the fact of risk, knowing yourself, and playing it strictly by the numbers.

The Rule shows that investing decisions are not only bets or gambles, but investments in time, energy, and attention. By focusing on realistic returns on your investments―versus what you expect or hope to get―you immediately improve your probability for success.

***

Larry Hite was the founding principal and Managing Director of Mint Investment Management Company. During his 13-year tenure at Mint, the composite of funds achieved a compounded annual rate of return greater than 30% before fees during that period. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint be the first to raise over $1 billion.

Direct download: 804.mp3
Category:general -- posted at: 8:33pm EDT

The first prescriptive, innovative guide to seeing inflection points before they happen—and how to harness these disruptive influences to give your company a strategic advantage.

Paradigmatic shifts in the business landscape, known as inflection points, can either create new, entrepreneurial opportunities (see Amazon and Netflix) or they can lead to devastating consequences (e.g., Blockbuster and Toys R Us). Only those leaders who can “see around corners”–that is, spot the disruptive inflection points developing before they hit–are poised to succeed in this market.

Columbia Business School Professor and corporate consultant Rita McGrath contends that inflection points, though they may seem sudden, are not random. Every seemingly overnight shift is the final stage of a process that has been subtly building for some time. Armed with the right strategies and tools, smart businesses can see these inflection points coming and use them to gain a competitive advantage. Seeing Around Corners is the first hands-on guide to anticipating, understanding, and capitalizing on the inflection points shaping the marketplace.

McGrath is a globally recognized expert on strategy, innovation, and growth with an emphasis on corporate entrepreneurship. A long-time member of the Columbia Business School faculty, she is recognized consistently as one of the top 10 management thinkers. McGrath’s best-selling book The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business was recognized by Strategy+Business as the #1 business book of 2013. She is also a co-author of MarketBusters: 40 Strategic Moves that Drive Exceptional Business Growth (2005) and The Entrepreneurial Mindset (2000).

Direct download: 803.mp3
Category:general -- posted at: 10:00pm EDT

A T. Boone Pickens Memory with Michael Covel on Trend Following Radio.

Direct download: 802.mp3
Category:general -- posted at: 10:00pm EDT

Want to deliver a pitch or presentation that grabs your audience’s ever-shrinking attention span? Ditch the colorful slides and catchy language. And follow one simple rule: Convey only what needs to be said, clearly and concisely, in three minutes or less.

That’s the 3-Minute Rule.

Brant Pinvidic and Michael Covel dig into the rule.

Hollywood producer Brant Pinvidic has sold more than three hundred TV shows and movies, run a TV network, and helmed one of the largest production companies in the world with smash hits like The Biggest Loser and Bar Rescue. In his nearly twenty years of experience, he’s developed a simple, straightforward system that’s helped hundreds—from Fortune 100 CEOs to PTA presidents—use top-level Hollywood storytelling techniques to simplify their messages and say less to get more.

Pinvidic proves that anyone can deliver a great pitch, for any idea, in any situation, so your audience not only remembers your message but can pass it on to their friends and colleagues. You’ll see how his methods work in a wide range of situations—from presenting investment opportunities in a biotech startup to pitching sponsorship deals for major sports stadiums, and more.

Direct download: 801.mp3
Category:general -- posted at: 10:00pm EDT

JetBlue Chairman Joel Peterson and Michael talk through the playbook for establishing and maintaining a culture of trust that breaks down the operational silos and CYA mentality that plague many organizations.

Trust is the glue that holds an organization together. It turns deflection into transparency, suspicion into empowerment, and conflict into creativity. With it, a tiny company like John Deere grew into a worldwide leader. Without it, a giant corporation like Enron toppled.

How does it feel to work for a firm where leaders and colleagues trust one another? Freed from micromanagement and rivalry, every employee contributes his or her best. Risk-taking and innovation become the norm. And, as Peterson notes, “When a company has a reputation for fair dealing, its costs drop: Trust cuts the time spent second-guessing and lawyering.”

With The 10 Laws of Trust Expanded Edition in hand, you’ll be able to plant the seeds of trust—and reap the rewards of reputation, profits, and success. This fully expanded edition includes a powerful self-assessment tool for organizations to evaluate their culture of trust and discover areas for improvement. Peterson has also added rich new case studies and chapters on the theme of betrayal, including how to manage and guard against it.

Biography: Joel Peterson is the chairman of JetBlue Airways and the founding partner of Peterson Partners, a Salt Lake City-based investment management firm. Joel is on the faculty at the Graduate School of Business at Stanford University and has been since 1992. After three careers, four decades of marriage and seven kids, and demanding roles as CFO, CEO, chairman, lead director, adjunct professor, founder, author, entrepreneur and investor, Joel is often sought as a mentor and coach by leaders and aspiring leaders.

Direct download: 800.mp3
Category:general -- posted at: 10:00pm EDT

Paul Gulino believes in Hitchcock’s adage that “films are made on paper.” Although students may obsess about a film’s look, all of the visual elements, he says, function to enhance the story. And that, ultimately, comes from the mind of the screenwriter.

In spite of the fact that there seems to be a screenwriter behind every corner (in California, at least), screenwriting is something of a lost art, Gulino maintains, having seen hundreds of flat screenplays as a story analyst for Showtime Entertainment.

Honing his own skills through writing for the theater and practicing the craft as taught by Frank Daniel and Milos Forman, Gulino secured an agent with William Morris on the basis of his thesis script. With that “real world” confirmation in hand, Gulino went on to write and see produced features, plays and comedy sketches.

Screenwriting, he says, isn’t a craft you can learn from a book. “The best way is to learn from someone who knows the craft, so you can see how theories can be applied to your own work.” There must be something to that. Or at least it’s worked for screenwriter Paul Gulino.

Paul and Michael go on the film-making journey!

Direct download: 799.mp3
Category:general -- posted at: 10:00pm EDT

What's Old Is New with Michael Covel on Trend Following Radio.

Direct download: 798.mp3
Category:general -- posted at: 10:00pm EDT

Is the American system of colleges and universities designed to protect the privileged and leave everyone else behind? Or can a college education today provide real opportunity to young people seeking to improve their station in life?

The Years That Matter Most tells the stories of students trying to find their way, with hope, joy, and frustration, through the application process and into college. Drawing on new research, the book reveals how the landscape of higher education has shifted in recent decades and exposes the hidden truths of how the system works and whom it works for. And it introduces us to the people who really make higher education go: admissions directors trying to balance the class and balance the budget, College Board officials scrambling to defend the SAT in the face of mounting evidence that it favors the wealthy, researchers working to unlock the mysteries of the college-student brain, and educators trying to transform potential dropouts into successful graduates.

With insight, humor, and passion, Paul Tough takes readers on a journey from Ivy League seminar rooms to community college welding shops, from giant public flagship universities to tiny experimental storefront colleges. Whether you are facing your own decision about college or simply care about the American promise of social mobility, The Years That Matter Most will change the way you think—not just about higher education, but about the nation itself.

Direct download: 797.mp3
Category:general -- posted at: 10:00pm EDT

This Trend Stuff Won't Die with Michael Covel on Trend Following Radio.

Direct download: 796.mp3
Category:general -- posted at: 10:00pm EDT

An unconventional business book for the rebels and misfits--the Rare Breeds--who don't fit the traditional mold, offering an approach that's anything but business as usual. What if your biggest weaknesses are actually your greatest strengths?

Sunny Bonnell and Ashleigh Hansberger, award-winning brand consultants and founders of Motto, bring their wisdom and insights to this radical "outside the box" business guide written specifically for the mavericks, oddballs, and visionaries they call Rare Breeds. While most advice guides encourage you to change your inherent characteristics to get the job, get the promotion, get the client, Bonnell and Hansberger identify a different approach: instead of trying to conform, march to the beat of your own drum. By following your own path, you'll find your success.

They know this approach works based on their own experience. When these iconoclastic thinkers behind the company acclaimed by the Chicago Tribune and Forbes started their company, they didn't follow the rules of most leadership books and business school courses. "Instead of doing everything people told us we should be doing--be transactional, be conservative, be nice--we did the opposite. Instead of burying our innate vices--obsessive perfectionism, rebelliousness, weirdness--we made them our selling points." The result: a flourishing company that is the model for an entirely new approach to success.

Rare Breeds don't get what they want by adapting to the conventional rules: instead, they use the traits often considered shortcomings as tools for creation and growth. Combining examples and practical tools, Bonnell and Hansberger identify seven vices-turned-virtues--Rebellious, Audacious, Obsessed, Hot-Blooded, Weird, Hypnotic, Emotional--to help disruptors and trailblazers discover their inner Rare Breed and tap into them to realize their full potential in work and life.

Sunny Bonnell and Ashleigh Hansberger are the award-winning founders of Motto, one of the top branding and digital agencies for rule breakers and game changers. They’ve been featured on CBS News and Fox Business and in Entrepreneur, American Express, Chicago Tribune, Forbes, Inc., Huffington Post, the Wall Street Journal, and elsewhere.

Direct download: 795.mp3
Category:general -- posted at: 10:00pm EDT

The World Doesn't Care About You with Michael Covel on Trend Following Radio.

Direct download: 794.mp3
Category:general -- posted at: 9:28pm EDT

This week we explore a part of human nature that is often largely left untouched.

Desire.

Over the past eight years, journalist Lisa Taddeo has driven across the country six times to embed herself with ordinary women from different regions and backgrounds. The result, Three Women, is the deepest nonfiction portrait of desire ever written and one of the most anticipated books of the year.

Based on years of immersive reporting, and told with astonishing frankness and immediacy, Three Women is a groundbreaking portrait of erotic longing in today’s America, exposing the fragility, complexity, and inequality of female desire with unprecedented depth and emotional power. It is both a feat of journalism and a triumph of storytelling, brimming with nuance and empathy, that introduces us to three unforgettable women—and one remarkable writer—whose experiences remind us that we are not alone.

Together we chat about how we as humans deal with desire – the thrills, the complications, the opportunity for misunderstanding. In a conversation, that I think, breaks new ground for this podcast, we really dive into the delicate nature of relationships and how we interact in them.

Lisa Taddeo has contributed to New York magazine, Esquire, Elle, Glamour, and many other publications. Her nonfiction has been included in the Best American Sports Writing and Best American Political Writing anthologies, and her short stories have won two Pushcart Prizes. She lives with her husband and daughter in New England.

Direct download: 793.mp3
Category:general -- posted at: 10:00pm EDT

I Love This Podcast with Michael Covel on Trend Following Radio.

Direct download: 792.mp3
Category:general -- posted at: 10:00pm EDT

Nick Radge began trading in 1985. During a stint working for an investment bank in Singapore Nick dedicated his evenings testing trading strategies; 2 hours a day for 18 months, a total of at least 750 hours. Nick’s first book, Every-Day Traders, was written to identify the traits of successful traders. What do successful traders do that is different to other traders? In Adaptive Analysis for Australian Stocks, Nick shows his readers how to use price action to make the most of their winning trades and, often more importantly, to quickly recognize a losing trade and exit their position. In Unholy Grails–A New Road to Wealth, Radge outlines simple strategies to make money during uptrends and how to defend capital when the markets turn down. Nick is a Director at The Chartist, a stock market advisory service based in Queensland, Australia.

This is Nick’s third appearance on my show and his no nonsense approach to life and markets is always a breath of fresh air!

Direct download: 791.mp3
Category:general -- posted at: 10:00pm EDT

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

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