Ep. 1156: Bent Flyvbjerg Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 20 February 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Bent Flyvbjerg, the first BT Professor and inaugural Chair of Major Programme Management at Oxford University's Saïd Business School and the Villum Kann Rasmussen Professor and Chair in Major Program Management at the IT University of Copenhagen. He has pioneered research in behavioral science, including power bias, strategic misrepresentation, optimism bias, the planning fallacy, and reference class forecasting. He is the founder and co-founder of a dozen highly successful research groups, degree programs, and startups.

The topic is his book written with co-author Dan Gardner: How Big Things Get Done.

In this episode of Trend Following Radio we discuss:

The greatest achievement as an entrepreneur
Identifying the psychology
Perspective in an execution chasm
Democracy
The key to success

Jump in!

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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

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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	My guest today is Ben Flubier, his book, How Big Things Get Done, the Surprising Factors
0:39.3	that determine the fate of every project from home renovations to space exploration
0:44.1	and everything in between. This is one of those cool conversations that you don't expect
0:49.9	because there's so many elements of success embedded in his book.
0:56.0	When you start to talk psychology, when you start to talk power, you start to talk about
1:00.4	planning, when you start to talk about execution, and you take some of the greatest
1:04.4	entrepreneurial examples, some of the greatest achievements beyond just entrepreneurism,
1:09.0	anything, constructing a high rise, you name it.
1:11.7	That's this conversation.
1:13.6	How do you get big things done?
1:15.2	If you want to know, stay tuned.
1:17.4	I hope you enjoy this conversation with Ben Flubier.
1:32.6	I just want to make an initial comment jumping in.
1:38.3	If I didn't know anything about you, and I saw your book in the bookstores, he got Conaman and Talib to put an endorsement on that book.
1:41.5	This guy must be okay.
1:44.1	That's not an easy proposition. I know.
1:46.7	That is true, but actually, I've known both Cannonman and Tadadadip for decades, actually,
1:51.2	and they have been very kind to be interested in my work, and obviously I'm interested in their
	...

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