4.6 • 730 Ratings
🗓️ 16 June 2025
⏱️ 21 minutes
🧾️ Download transcript
Please enjoy my monologue The Value of Fundamentals 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!
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0:00.0 | Of course, I always talk trend following. |
0:04.0 | But there are other strategies. |
0:06.8 | For example, fundamental analysis. |
0:11.3 | Fundamental analysis is Bloomberg, CNBC, Jim Kramer. |
0:19.2 | Whatever guru has whatever opinion based on some piece of data and then predicts what |
0:27.2 | will happen at any point in time. |
0:30.7 | This is fundamental analysis. |
0:33.6 | And if you are inexperienced, if you're young, even if you're old, it seems perfectly logical. |
0:41.1 | If I gather all this information, I can do something with it. I can analyze it. And I've heard in the |
0:49.2 | back of my mind that Warren Buffett does this too. So if Warren Buffett does it, why not me? |
0:56.8 | Well, first off, let's put Warren Buffett off to the side. |
1:00.5 | He's one of the best investors ever. |
1:03.0 | You're not him. I'm not him. Nobody is him. |
1:07.2 | Now, you can go down the rabbit hole and you can study Warren Buffett, |
1:10.4 | but honestly, if you really |
1:12.0 | want to trade like Warren Buffett, it's probably better just to give your money to Warren |
1:17.3 | Buffett. |
1:18.3 | But most people really aren't thinking about Warren Buffett. |
1:21.4 | They're thinking about the fundamentals. |
1:24.5 | What can they know? |
1:25.5 | What edge can they get? How can they exploit something by knowing some piece of data that supposedly nobody else knows? |
1:36.3 | Therefore, you buy cheap. This is the mentality. This is the thought process. I think it hits everybody. How can it not? |
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