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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

Oct 3, 2012

"The pleasure is to play, it makes no difference what you say. You win some, lose some, it's all the same to me." Michael Covel opens up with one of the greatest heavy metal songs of all time and notes some unexpected lessons that can be taken from the lyrics. Sticking with the theme of taking trend following inspiration from unexpected places, Covel then goes on to discuss several posts from Zen Habits, a blog that contains lessons from the perspective of Zen Buddhism. Covel discusses "Finding Peace With Uncertainty": "Why is not knowing so scary? If you roll a dice and don’t know what it will be, is that scary? No, it’s not the 'not knowing' that’s the problem it’s the possibility that what comes up on that dice will bring us pain, suffering, loss." Covel relates this to a recent experiment he did that illustrates trend following through the roll of dice. If you get a two or a six, you win three pennies. Any other number, you lose a penny. The two and the six only come up a third of the time, and even though you don't win many of the rolls, the wins are big. The winners, because they're bigger, pay for the losers. That's trend following. So, how do you deal with uncertainty? Extricate yourself from harmful ideas and strategies: lose the small things that have no positive impact on your trading, such as buy & hold strategies, watching CNBC, etc. Know the worst case scenario. Become comfortable with waiting, and stop obsessing on uncertainty. Voltaire said, "We never live; we are always in the expectation of living." That's the goal. It's not the expectation of living--it's the "right now" that's important. In the next section, Covel comments on some trading and life commandments--inspirational reminders that you need to hear, including "The Ten Most Foolish Things a Trader Can Do". Special offer with free DVD: http://www.trendfollowing.com/win.