Ep. 1053: Fundamental Bullshit with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 25 February 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue Fundamental Bullshit with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0	This is trend following radio where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Covel, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.4	Let me get this straight.
0:35.5	Some of you use fundamentals to invest in trade. You use quote news.
0:43.3	You get Yahoo finance. Bloomberg. You read this stuff. Perhaps you pay for some analysis.
0:52.4	Perhaps you have a Bloomberg terminal.
0:57.5	The headlines, the articles.
0:59.5	Maybe you read 100 of them.
1:05.0	And somehow or another, after you read all these articles, you condense these articles down to something.
1:08.3	What do you condense the articles down to to take action? Well, you don't. It's all
1:13.5	bullshit. You know that, but you still do it. So you get these 100 articles and then you're going to make
1:18.8	investing decisions. Where's the laugh track? Who's laughing? It's impossible. Nobody makes
1:26.7	sound investing decisions. sound trading decisions by reading news,
1:32.7	by using fundamentals. For example, China, mainland China, they love the idea of trend following.
1:41.2	They love the idea of technical analysis. Now, I'm sure all kinds of
1:45.4	not useful technical analysis is sold to mainland China, as it is sold around the world with all
1:52.7	kinds of patterns and squiggly lines and chart reading and all this crap that is not trend following.
2:00.9	But the Chinese are quite wise.
2:03.7	They realize that messaging from news is not useful.
2:11.0	It's not to be trusted.
	...

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