Ep. 158: Simple Heuristics with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 19 September 2013
⏱️ 38 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Simple Heuristics 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. |
| 0:35.9 | Today I want to talk about certainty and uncertainty. |
| 0:44.3 | Each one side of the coin, right? |
| 0:49.3 | I don't know about you, but when it comes to tomorrow, I am majorly uncertain. |
| 0:56.9 | I don't know what's going to happen. |
| 0:59.4 | I have no clue. |
| 1:01.8 | I can think of, though, the worst-case scenarios, a very stoic tradition. |
| 1:08.2 | I can think of the worst-case scenarios. |
| 1:10.6 | I could go all Marcus Aurelius. |
| 1:14.9 | But you know, a lot of people today, they kind of figure like, yeah, a crisis of 08, |
| 1:20.9 | a few years back, fed's got everything figured out. Things are certain. |
| 1:29.0 | Things are certain. |
| 1:30.4 | Stock markets at all-time highs, right? |
| 1:34.5 | Stock markets at all-time highs. |
| 1:35.9 | There's nothing to be worried about. |
| 1:38.0 | Daddy government's got it all figured out. |
| 1:43.0 | Certainty versus uncertainty. |
| 1:47.1 | I want to read a few quotes to start this podcast off. |
| 1:50.4 | First, this is from Gilda Radner, who was originally on Saturday Night Live. |
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