Ep. 125: Education System Chaos with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 28 May 2013
⏱️ 23 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Education System Chaos 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. |
| 0:12.2 | Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings. |
| 0:22.4 | I am your host, Michael Covell, not filtered, raw, honest. |
| 0:28.7 | That's my passion. |
| 0:35.8 | Education is a disaster. Organized education is a disaster. |
| 0:38.9 | Organized education is a disaster. |
| 0:41.9 | In fact, organized education today, the typical university experience is a fraud. |
| 0:48.4 | It is 100% a fraud. |
| 0:51.8 | Tenured professors making a ton of money and students being stuck with hundreds of |
| 0:56.8 | thousands of dollars of debt by the time they get out with frankly their best hopes for a steady |
| 1:02.0 | job is to serve you a latte at Starbucks. It is absolutely terrible. |
| 1:15.4 | Now, I'm starting to hear a little, there's this old song by Lou Reed. |
| 1:16.9 | I think it was called Vicious. |
| 1:20.4 | I'm kind of hearing that humming in my head right now. |
| 1:25.5 | You know, that there's some people out there right now that say, God, Mike, this sounds vicious. |
| 1:32.1 | Yeah, I think Lou kind of has it right it is vicious it's a vicious it's a vicious system that has created a situation where millions of people think they think |
| 1:41.9 | if they go and sit through those classes at the university for four years, |
| 1:47.4 | listening to these professors who have never made a dime in their life, |
| 1:51.5 | that when they get out, they'll be in a good position, a better position to make money. |
| 1:56.7 | It's nonsensical. |
| 1:58.5 | Look, there's a great website out there called Of2Mines.com. |
| 2:02.6 | And there's an essay on there about the current generation. |
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