This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covell, not filtered, raw, honest.

That's my passion.

We can all lose our mind about certain things at certain points in time.

Happens to the best of us.

Not so much where they ship us off to the padded white room and give you an intravenous drip.

Or perhaps they put that ice pick behind your eyeball to wake you up with that full frontal

lobotomy. I'm not sure exactly what I'm talking about. Let me jump right in. So I received an email

from a gentleman who I don't think I know, but if I do know you and you're listening,

please don't rip me. Or if you do want to rip me, I will still sleep like a baby anyways.

It says, greetings, Mr. Covel.

Below is my most recent Dow theory analysis.

Just wanted to say I enjoy your podcast.

By the way, I reminded that the fundamental investors, they are closet trend followers with the focus on rising earnings, dividends, cash flow, and book value.

Buffett's preferred method for measuring his performance.

Well, I don't know if they are closet trend followers and following fundamental information.

I mean, look, everyone's got to have a trend to make money.

But a Buffett's preferred method for making money, the best that I can tell is to have

a hotline to the president. Because when you are so intimately close with the likes of Goldman Sachs,

and things go wrong, he sure is heck wasn't focused on fundamental information in making his

decisions. He was manipulating the

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