Ep. 1179: The Numbers Lie with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 12 May 2023
⏱️ 18 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue The Numbers Lie 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
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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. |
| 0:33.1 | I have an observation about modern life here in 2023. |
| 0:39.1 | It's not necessarily new to 2023 for me. |
| 0:43.1 | It's been building and building and building for many years. |
| 0:47.9 | But we are at this point in history where people lie about numbers. |
| 0:53.7 | Because if the truth of numbers is understood, |
| 0:57.8 | then you can solve problems. |
| 1:00.2 | Then you can take action. |
| 1:02.2 | But if the numbers are lied about constantly, |
| 1:04.9 | nothing happens. |
| 1:06.6 | No action. |
| 1:08.1 | No solutions. |
| 1:09.9 | It's the lie. It's the lie about numbers. For example, Harvard admissions. If Harvard admissions were based on merit, based on numbers, numbers where you could fairly compare each candidate to each candidate, |
| 1:30.5 | Harvard would probably be 75% Asian. |
| 1:33.1 | But we don't do that because Harvard is not fair. |
| 1:38.4 | Harvard is not just. |
| 1:40.3 | Harvard doesn't give a shit about fairness. |
| 1:43.7 | Harvard has an idea of what they want to do, |
| 1:47.4 | and that is some selected population that includes all these different other populations. |
... |
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