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Bestselling author Michael Covel is the host of Trend Following Radio with 9.5+ million listens. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trading -- all passionately explored and debated. Guests include Nobel Prize winners: Robert Aumann, Angus Deaton, Daniel Kahneman, Oliver Hart, Harry Markowitz & Vernon Smith. More guests: Jack Canfield, Howard Marks, 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.

Praise:

“Your questions were excellent questions. I enjoyed this very much.”

--Vernon Smith, Nobel Prize in Economics

“You’ve surrounded yourself with one of the most advanced group of mentors possible…The people on your podcasts, and people in your life, all are people with strong opinions, all people that make you think and make you grow. You just have some kind of an affinity for people like that, and that’s part of what makes you good at what you do.”

--Ed Seykota

“Michael Covel’s podcast has had over [9.5] million listeners and he’s completed [900+] episodes. He’s probably the most established podcaster on this list—and it shows. Mr. Covel’s podcast is great for those looking for alternative views on the market, those who are tired of hearing the same old stories told on CBNC and other traditional outlets. This is highly recommended if you are looking to expand your mind in investing. Mr. Covel has had some incredible guests, to include multiple Nobel Prize winners and world-famous investors. One of my favorite episodes was when Mr. Covel interviewed Annie Duke, a former professional poker player who has some incredible insights on decision making. Mr. Covel always has me thinking and Annie Duke only amplified my brain-wave activity.”

--Wall Street Journal

Sep 24, 2018

Michael explores new research showing pharmaceutical statins do nothing to help prevent medical problems relating to heart disease–if you have no risks. For years people have believed there was a special pill to save them from high cholesterol. Turns out, there is no special pill to help–exercise, eat well, get adequate sleep–these things are how you improve your health. It’s about personal responsibility. Trust yourself? Or trust the system that has been proven wrong time and time again?

$400 billion dollars has been lost in crypto currencies. Michael shares an example of a man who lost 95% of his $120,000 investment in Bitcoin. When Bitcoin started going down he tried diversifying into other crypto currencies. He said his learning process was like “solving the plot of a murder mystery.” The notion that he could use fundamental data and figure out how to trade Bitcoin was all wrong. Jerry Parker commented on this story by saying, “He should have studied trend following.” Having a stop in place, and looking at the data would have saved him from his financial ruin.

Statins and cryptos connect? You bet.

In this episode of Trend Following Radio:

Big pharma
Statins
Trusting the system
Personal responsibility