Ep. 257: Cullen Roche Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 17 July 2014
⏱️ 57 minutes
🧾️ Download transcript
Summary
My guest today is Cullen Roche, the founder of Orcam Financial Group, a financial services company based out of San Diego. He also runs a very well-known blog called Pragmatic Capitalism (pragcap.com).
The topic is his book Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance.
In this episode of Trend Following Radio we discuss:
- Entrepreneurism
- Investing in yourself
- The advantages of starting a blog
- Why the word "pragmatic" is a word that has become central to Roche's universe
- Eliminating your biases
- Why the US going bankrupt is a myth
- The myth that central banks exist to enrich bankers
- Dr. Laurie Santos and her work with monkeys
- Bringing risk down to something we can measure
- Warren Buffett
- Hedging your bets
Jump in!
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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. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.2 | Today on the show I have Cullen Roach. |
| 0:36.2 | Cullen is the founder of Orcam Financial Group, financial services company based out of San Diego. |
| 0:42.5 | He also, his claim to fame, his hard work, his big effort, pragcap.com, pragmatic capitalism. |
| 0:52.7 | Very well-known blog. |
| 0:56.4 | Tens of thousands, maybe more, |
| 0:57.7 | readers every day. |
| 0:59.3 | He's got quite the following. |
| 1:02.7 | And his new book, Pragmatic Capitalism, is out now. |
| 1:05.2 | We discuss all of this today. |
| 1:06.4 | The word pragmatic. |
| 1:07.7 | I don't know. |
| 1:08.9 | Maybe I can learn something. |
| 1:10.1 | I need to be a little more pragmatic. |
| 1:12.3 | I hope you enjoy. |
| 1:20.0 | Hey, Cullen. |
| 1:20.5 | How are you? |
| 1:21.7 | I'm good. |
... |
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