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Michael Covel's Trend Following

Ep. 1147: Is It Useful with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 20 January 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Is It Useful 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.

0:21.0

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

0:27.4

That's my passion.

0:33.1

I just spent a month in America.

0:42.0

Near Washington, D.C., in Virginia, traveled in that mid-Atlantic area some. First time back in a year, I'm not impressed. Now, it's going to

0:50.4

sound like I'm drawing all kinds of conclusions about the entirety of America in this conversation, but I think I can.

0:58.8

The feeling that I have as an American, going back to America after the last one year, is something

1:07.5

akin to implosion.

1:09.9

In my hometown, there are unlimited numbers of vape shops now.

1:16.6

There are massage parlors everywhere.

1:19.6

Now, this is a bedroom community outside Washington, D.C., where the average home price is probably 1.5 million,

1:31.4

with a main business area of strip malls with all the requisite fast food joints and coffee shops and all that kind of fun stuff.

1:38.3

But the vibe, the change in feeling in one year, what the hell is going on in America? And let me get right to the

1:47.5

heart of the matter. Why is violence tolerated? Why has America decided that violence is okay?

1:54.8

Sure, it's always been violent in inner city America, at least for the last 50 years.

2:02.4

But now, it's everywhere.

2:06.1

For example, a friend of mine, not from America, we walked into the local pharmacy,

2:11.7

local CVS, Sunday afternoon, 3 o'clock.

2:15.7

We were inside for maybe 10 minutes.

2:19.0

Came back outside, there's six cop cars We were inside for maybe 10 minutes. Came back outside,

2:23.9

there's six cop cars, lights flashing in the parking lot. Now again, this is a parking lot with a CVS, a Popeyes fried chicken, a Michael's Arts and Craft, a giant supermarket, normal stuff.

...

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