Ep. 228: The Vocabulary of The Media with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 13 April 2014
⏱️ 28 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue The Vocabulary of The Media 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 | So a little monologue today, I want to do a dissection. |
| 0:41.7 | I want to dissect a Yahoo finance tech ticker Jeff Mackey piece that came out on Monday. |
| 0:52.9 | I want to dissect it. |
| 0:54.5 | I want to go through this thing and just get you to think about the phraseology, the terminology, the words used by media. |
| 1:04.1 | I think it'll be useful. |
| 1:07.0 | First, just a quick note that was inspired from Larry Tenterelli, the idea of researching |
| 1:14.6 | for those fundamental folks out there, those fundamental investors, those fundamental traders, |
| 1:21.8 | I've never seen this before, but literally there is advice saying that for every stock you own, |
| 1:30.3 | you should be doing one hour of fundamental research per week on that stock. |
| 1:36.4 | SEC filings, conferences, media, |
| 1:42.1 | that you should constantly be doing all this homework, all this fundamental homework |
| 1:47.1 | every week. You own 50 stocks, 50 hours a week, those 50 stocks. I have to say that is some of |
| 1:55.5 | the most asinine advice that I've ever heard. Absolutely assonide, because you know what? |
| 2:01.1 | The best traders don't do that. |
| 2:03.2 | And if you know the best traders don't do that, why should you? |
| 2:11.4 | It's mind-boggling. |
| 2:13.8 | If you own 50 stocks, you are going to study. |
| 2:16.9 | Study. |
... |
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