Ep. 1191: The Empirical Mind with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 23 June 2023
⏱️ 23 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue The Empirical Mind 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 Coval. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | I want to start my thoughts today with a commercial. |
| 0:37.1 | This is a golf commercial that I saved from years ago, |
| 0:40.7 | and it lays out the foundation for where I'm going to take you today. |
| 0:46.3 | To Bobby Jones, golf wasn't just a game. |
| 0:49.8 | It was a science. |
| 0:51.9 | A subject worthy of study. |
| 0:57.2 | By focusing less on his score and more on the mechanics of his swing, he performed better than anyone in his day. It just goes to show you, |
| 1:06.5 | looking at data is one thing, knowing what to do with it. Well, that's a whole different game. |
| 1:13.1 | Now, on the surface, that seems completely normal. I can't imagine there are too many people out there |
| 1:20.0 | unless they are mentally challenged that disagree with that. Why would you disagree with that? |
| 1:26.9 | Unless you're a fool, an idiot, a moron, or just somebody who should be inside of that. Why would you disagree with that? Unless you're a fool, an idiot, a moron, |
| 1:29.3 | or just somebody who should be inside an asylum. And ultimately, what is it about? It's about |
| 1:34.8 | science, the scientific method, putting a hypothesis out there, testing it, looking at the results, |
| 1:43.1 | and trying to find agreement. |
| 1:46.1 | But these days, science has become a political weapon. |
| 1:51.9 | For example, I saw a meme today. |
| 1:54.4 | It said, trust the science is a euphemism for trust the system. |
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