Jun 27, 2016
Michael starts the podcast asking, “Do you need permission to
get through your day?” He goes right into two examples: The first
example is of his 12 year old nephew who just finished his baseball
season. The second example is of a new show called “Billions.” It
is about a hedge fund manager pitted against the U.S. attorney of
Michael argues against/for the political corruption that starts in child sports. Michael says that being screwed over early by the system is a good thing. It makes you stronger in the long run. Every time you face these types of obstacles, you need to learn to punch through them. You can’t get bogged down with seeking permission. Especially at a young age, if children learn to push through and work hard they will have a much better chance at success later on in life.
Michael recommends watching the show, “Billions”. However, there are some things about Wall Street that have been left out. The show is based around a corrupt hedge fund manager that only trades off insider trading. The show does not highlight any other form of trading other than trading off fundamentals. Basing a character off of trend following is not nearly as “sexy” or dramatic. They want to position all of Wall Street as insider traders and corrupt because that is a far better story than making money off of rules and algorithms.
In this episode of Trend Following Radio: