Ep. 28: Entrepreneurism: The Importance of Not Doing What You're Told with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 26 June 2012
⏱️ 16 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Entrepreneurism: The Importance of Not Doing What You're Told 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 |
| 0:17.8 | what drive us irrational human beings. I am your host, Michael Covell, |
| 0:25.2 | not filtered, raw, honest. That's my passion. You know, I just love that line. Hey, you out there on the road, always doing what you're told. |
| 0:41.7 | Can you help me? You know, Roger Waters, the chief singer, songwriter, lyricist, music, the creative force behind Pink Floyd. He had a way with words, |
| 1:00.9 | hey, you out there on the road, always doing what you're told. Can you help me? And I think what I |
| 1:05.6 | wanted to talk about today is just the idea of entrepreneurism, because we're not in in a we're not in a world anymore that |
| 1:14.5 | rewards doing as you're told that that game's over it's been over for a long time you You know, I look back to my experiences. |
| 1:30.0 | I grew up in the Washington, D.C. area in northern Virginia, in a county called Fairfax County, |
| 1:36.1 | which today, by most measures, is either first or second in terms of median income, highest median income in the United States of America. |
| 1:46.7 | Yes, this county that most people in America have probably never heard of, Fairfax County, Virginia, |
| 1:52.4 | highest median income in America. |
| 1:56.7 | Why is that? |
| 1:58.5 | We're 15 miles outside Washington, D.C. So everyone that lives in that area |
| 2:04.1 | has got a steady, secure government job. So even right now, when you can travel around America |
| 2:08.8 | and you can see just all kinds of downward spirals in the economy, if you were to go to Fairfax |
| 2:16.8 | County, Virginia, it looks like |
| 2:19.2 | Shangri-La. I mean, you can't really tell there's a problem. There's massive road construction. |
| 2:25.5 | Homes are selling for north of seven figures. It's just, it's game on. But how? |
| 2:35.8 | Why? |
| 2:36.3 | I mean, it's the government. |
| 2:37.7 | The government's creating all these jobs. |
... |
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