Ep. 1211: Second Generation TurtleTrader with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 1 September 2023
⏱️ 39 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Second Generation TurtleTrader 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
Click on a timestamp to play from that location
| 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. |
| 0:21.3 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.7 | Coming to you here at the end of the summer, 2023, I want to go a little Turtle Trader, my book, The Complete Turtle Trader. |
| 0:40.9 | And I got the idea to bring this particular audiobook chapter from my book, The Complete Turtle Trader, to you because Salem Abraham is the focus of this chapter. and a new interview with Salem is coming soon. |
| 0:58.6 | Now, what is so cool about this chapter is what I consider Salem Abraham, or what I titled him back in the day, |
| 1:06.2 | a second generation turtle trader, meaning he learned from one of the original turtle traders. |
| 1:16.1 | There it is. That's the proof. Now I know there's some of you out there say, Mike, this is just one |
| 1:22.5 | guy. Look, if the turtle trader story did not excite you, okay, whatever, but if a completely |
| 1:31.3 | random person learns the turtle approach and then becomes super successful, and that doesn't |
| 1:37.9 | excite you, there's probably something wrong with you. Let's jump right in with a chapter |
| 1:44.0 | from my book, The Complete Turtle Trader, about Salem |
| 1:46.6 | Abraham, and look out for that new interview with Salem coming soon. |
| 1:52.0 | I hope you enjoy. |
| 1:56.9 | Chapter 13, Second Generation Turtles |
| 2:05.1 | I have been broke three or four times, but fortunately for me I'm not an MBA, so I didn't know I was broke. |
| 2:15.5 | T. Boone Pickens |
| 2:16.5 | That second generation turtles exist is arguably the most important part of the turtle |
| 2:24.0 | story. Ultimately, these turtles present an even more convincing argument, supporting nurture |
| 2:30.5 | over nature, than does the success of the original turtles. |
| 2:35.7 | They prove that, |
... |
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