This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

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

That's my passion.

A bunch of fun topics on my mind today.

First, I want to start with averages versus individuals.

I've seen a popular personality out there making the argument recently that gross statistics

mean nothing. He looks at individuals, meaning don't tell him that some population does something, some

percentage of the time.

He doesn't care.

He looks at the individual.

That's intentionally dishonest.

It's reckless.

But then again, this is how people play it these days. Most people are so

weak, they have to say such bullshit. Here's the reality, if we follow through on his

individual discussion, if he meets 100 of these individuals that comprise the population

that he doesn't want to look at the statistics,

guess what? You meet enough of those people, whether it's 100 or some other number,

they're going to start to reflect the averages. So does that mean that every person that comprises

some population, that averages some behavior,

will behave the same? No. But we don't throw out the data because we are weak. We don't throw out the

data because we are emotionally children. We accept the data for what it is. And if the group in that population

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