4.6 • 730 Ratings
🗓️ 16 December 2022
⏱️ 21 minutes
🧾️ Download transcript
Please enjoy my monologue Don’t Fight It 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. |
0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
0:27.4 | That's my passion. |
0:33.5 | I posted on Twitter recently. |
0:36.2 | I said, Ed Sikota still has the best political argument for modern times. |
0:41.9 | You can't stop it. So prepare with trend following. As somebody came in and they saw that and they said, look, I've listened to that episode. |
0:51.1 | He met my podcast episode where Ed Sikota talks about his Gavopoli book. |
0:56.8 | This guy says, I've listened to that episode many times. He's obviously right. You can't |
1:01.0 | stop it in its current form. You can, however, advocate for the separation of money and state. |
1:07.4 | The current trends towards centralized power, more corruption, and income inequality lead us to tyranny. |
1:14.6 | And I said, and after you advocate, you still won't stop it. |
1:20.0 | He came back and he said, I'm sure the same was said about the separation of church and state when the church became too corrupt and powerful. |
1:28.2 | In modernity, it is money and the production thereof that has become too powerful and corrupt. |
1:33.9 | We have a tool that fixes this. I replied, |
1:37.9 | The premise of Sikoda's Gavoply book is that you can't stop these things. They will run to their |
1:43.6 | natural conclusion and trend following is how you deal't stop these things. They will run to their natural conclusion, and trend following is how you deal. |
1:47.7 | He came back and said, from within the current system, he's right, they can't be stopped. |
1:52.6 | Wealth inequality, corruption, the centralization of power, etc., will all continue to trend in one direction. |
1:59.4 | Luckily, we've discovered a certain decentralized software protocol that flips the system on its head. |
2:05.5 | Now, I knew where he was going. |
2:07.1 | I replied, for people trying to understand what Sakota's govopolis premise is all about, question mark, |
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