4.6 • 730 Ratings
🗓️ 21 October 2022
⏱️ 27 minutes
🧾️ Download transcript
Please enjoy my monologue Darvas 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!
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. |
0:20.9 | I am your host, Michael Covel, not filtered, raw, honest. |
0:27.4 | That's my passion. |
0:33.5 | Kansas City, that song was number one in America, May 25th, 1959. |
0:45.0 | A date that means absolutely nothing to me. I wasn't born. I sure as hell had no idea that there was anything relevant to the subject of trend following on May 25th, 1959 in Time Magazine. |
1:04.0 | Now, the song has nothing to do with Time Magazine or what I'm going to talk about. |
1:09.1 | I just looked it up and happened to be the number one song |
1:11.6 | when this issue of Time Magazine came out. |
1:16.8 | Why am I talking about Time Magazine? |
1:19.0 | May 25th, 1959. |
1:20.7 | There was an article titled Pass D-D-D-D-O, P-A-S-D-E-D-O, like money. |
1:29.8 | Pass the dough, pass the money. |
1:33.1 | I had to spend my $3 on the Time Magazine website to get access. |
1:38.8 | And boom, I now have probably one of the first trend following articles to ever appear in a major |
1:47.7 | publication in America. So how did this random event in my life start? Ira Schumann, a gentleman |
1:59.2 | residing in Washington, D.C., randomly sends me an email the other day. |
2:04.4 | In that email, he includes a scan of the front and back cover of a book, How I Made 2 Million Dollars in the Stock Market by Nicholas Darvis. |
2:15.4 | I've heard of this book for years. I've never read it. I've read about half of it right now. |
2:21.7 | I get the picture. I know what it is. It's trend following. But Iris sends me a scan of the front and back |
2:29.1 | of this book, How I Made $2 million in the Stock Market, and one other book by Nicholas Darvis. |
2:36.6 | And the quote on one of the backs of the books. |
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