Ep. 1349: Practice Makes Perfect with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 28 July 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue Practice Makes Perfect 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	One of my favorite podcast episodes was with a professor named Anders Erickson.
0:07.0	He developed the concept of deliberate practice.
0:11.1	A fantastic interview.
0:13.7	Today, a chapter from my book, Trend Following Masters, Volume 2.
0:20.2	It is yours truly reading that interview with Anders Erickson.
0:26.1	Now, the only thing you have to ask yourself, and maybe I date myself when I say this,
0:32.3	but today when you listen, is it live or is it Memorex? I hope you enjoy this chapter from my book,
0:42.3	Trend Following Masters, Volume 2.
1:03.0	Thank you. Chapter 2. K. Anders Erickson Deliberate Practice Anders Erickson was an internationally renowned psychologist who studied expert performance in domains such as music,
1:12.7	chess, medicine, and sports, and how expert performers attain their superior performance by acquiring
1:19.4	complex cognitive mechanisms through extended deliberate practice. He was the author of nearly 300
1:27.2	publications and the author or editor of several
1:30.5	books, including the 2016 book, Peek, Secrets from the New Science of Expertise, which he co-wrote
1:38.5	with Robert Poole. Michael Note, Kay, Anders Erickson was one of my top five favorite interviews, and I have conducted 500-plus interviews.
1:50.0	If you have infinite excuses about why you can't do this or that, then you won't like Anders's research and wisdom.
1:57.9	Michael Covel. Stephen Curry is probably the best basketball player in the NBA today. He's not a
2:04.4	big guy, no huge physical attributes, but he has hit three-pointers like they're going out of style.
2:11.0	I posted on Facebook, this is all a result of deliberate practice. Immediately somebody jumped in and said, oh no, he was born with it.
2:20.3	His father played in the NBA. It's the genes. I thought to myself, I wonder what the professor
2:26.7	would say. K. Anders Erickson. We know of a number of fathers and sons who were successful in
2:33.4	sports.
2:36.9	It raises the issue. Why does that happen?
	...

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