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Michael Covel's Trend Following

Ep. 1135: Conformity with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 9 December 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Conformity 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.

0:33.6

One of the more interesting comments that I've seen in the last handful of months was this guy,

0:41.6

SBF, the guy that took down this exchange, lost all this billions of dollars or stole. I guess we'll

0:50.3

find out. But he's a big left-wing guy, supports all kinds of woke causes.

0:56.5

And he came out and he said it was all scam. He was just doing it because he knew there was power

1:04.6

to say, I'm woke. He knew that half the world would embrace him if he said he was woke.

1:13.0

Only a psychopath can think like that.

1:16.0

A sociopath can think like that.

1:18.7

Real people don't operate like that.

1:22.3

Real people would rather not have money be living in the jungle,

1:34.9

then spend their life lying like a little weasley MF to curry favor.

1:37.4

But this is where we are today.

1:44.2

This is the mindset that is coursing through the veins of society.

1:50.1

Sure, some people may believe the woke precepts.

1:52.9

But the vast majority don't.

1:54.9

They're doing it for power.

1:57.1

They're doing it for hopefully money.

2:06.4

Because as long as you trust the system, let the system take care of you, you'll be okay.

2:17.1

Now, how does that okay actually work? Markets have to go up for everyone at the same time. It's a mentality built on no outliers. No surprises. No

...

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