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Bestselling author Michael Covel is the host of Trend Following Radio with 10+ 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.


“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

Apr 4, 2013

Michael Covel comes to today from Ho Chi Minh City, Vietnam after spending several weeks in Kuala Lumpur, Malaysia, and a few days in Singapore. Covel talks about some of his experiences is Singapore and Vietnam, but first he shares a quote from legendary trend following trader Ed Seykota regarding day trading: "Traders use it medicinally as distraction from deeper issues." Seykota has a remarkable ability to take complicated thoughts and reduce them down to only a few words, holding a mirror up to you and your life in the process. Covel talks about the "screen watchers" who have to look at their trades all day long and questions their performance. Where are all the day traders' performance data? They simply don't exist with only a few exceptions for big traders like Steve Cohen. Take that and compare it to trend following which has the performance data to prove its success. Without that data Covel's "Trend Following" book would have simply been opinion with no foundation. Covel digs deeper into the Seykota quote and discusses the core issues of what he's really talking about: is day trading simply the answer to your other problems? It's very similar to the lottery mentality regardless of how people try and talk it up: there's a very small chance of you winning big in the end. Covel also recounts some of his experiences abroad and compares it to the situation in America today. Compared to Singapore, America simply can't compete with what they are able to get done. Singapore has great economic freedom and there's a wide desire there to make money--not just live off the State nipple. Economic freedom and the desire to make money, however crass, leads to a better life. Covel mentions a book he's currently reading about how the Russian oligarchs came to power and made their billions. It's really rooted in the system that was the old Soviet Union system: the state-run economy and taking advatnage of that. Everything was run by the state: the banks, the delivery of bread, the production of produce, etc. Covel brings it up because he's currently in Ho Chi Minh City (formerly Saigon). Today, there's nothing that feels remotely communist to Covel. He saw a couple of flags on some government buildings, but that's about it. Instead, it's mostly commerce and entrepreneurs. There's an energy there and people are clearly ready to make something happen. Ultimately, this brings Covel back to America. America does not have the ability to build a Singapore right now. Covel discusses the voting process and whether it's better to have a system where you know you don't have certain rights and freedoms (like Vietnam) or to have a system that gives you those rights and freedoms, but it's more akin to a fantasy. He's not some angry ex-pat: Covel simply wants to point out that the American system was founded on pure and noble ideals, but the bureaucracy has gotten so big and so unwieldy that the average vote makes no difference. Even a change in political leadership doesn't make a difference, and those on the right and left have more in common than not in common. Want a free trend following DVD? Go to