Ep. 1207: Trust But Verify with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 18 August 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Trust But Verify 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. |
| 0:33.7 | Trust, but verify. |
| 0:36.6 | I'm sure you've heard it. Ronald Reagan, former American president, |
| 0:42.0 | said it about Mikhail Gorbachev, the former president of the USSR, the country before Russia. |
| 0:51.7 | As a quick side tangent, I once had a chance to meet Mikhail Gorbachev. I've talked about |
| 0:56.0 | that on this podcast. I've shared it in my books. One of my favorite experiences. But I bring up |
| 1:04.4 | trust but verify because it is a critically important thought process for success. Trust, but verify. If you meet a random stranger, that random |
| 1:17.0 | stranger could be a very interesting person who's made himself a billion dollars and could be |
| 1:25.4 | your friend. It could be a scam artist. But it's up to you to jump in. |
| 1:32.5 | You can't go through life, just avoiding people. How the hell are you going to achieve? You have to |
| 1:38.8 | build a network. You have to meet and greet. You have to shake hands. You have to get out there and make it happen. |
| 1:47.5 | Somebody asked me recently, how do I get podcast guests? They thought there was some big process. |
| 1:53.2 | I've got some whole team. No, it's simple. I've interviewed a lot of interesting people over a very |
| 1:59.9 | long period of time. I'm pitched guests all the time, but I also know a lot of interesting people over a very long period of time. I'm pitch guests all the time, |
| 2:03.2 | but I also know a lot of interesting people. So if it strikes my fancy to ask somebody to appear, |
| 2:10.4 | which I do all the time, a lot of very well-known names, and if I do it humbly and I do it respectfully |
| 2:17.3 | and I make them look good, which generally I |
| 2:21.1 | have people in this podcast that I like, I like their thought process, so they're going to look good. |
| 2:28.2 | As another side tangent, I must say back in the early days of this podcast, I did get fooled |
... |
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