Ep. 297: Gabriele Oettingen Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 1 December 2014
⏱️ 37 minutes
🧾️ Download transcript
Summary
My guest today is Gabriele Oettingen, a Professor of Psychology at New York University and the University of Hamburg. Her research focuses on how we think about the future, and how this impacts cognition, emotion, and behavior.
The topic is her book Rethinking Positive Thinking: Inside the New Science of Motivation.
In this episode of Trend Following Radio we discuss:
- Positive thinking, optimism and over-confidence
- How positive thinking can reign in your sense of urgency
- The effect of positive thinking on us from a scientific viewpoint
- Whether Oettingen views her work as an attack on the self-help industry
- Oettingen's process and how she views data
- The WOOP (Wish, Outcome, Obstacle, Plan) process
- Understanding each component part of WOOP
- "Ah-ha" moments in Oettingen's early development
- The idea of WOOP as mental contrasting
- Non-conscious processes
Jump in!
---
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 | 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. |
| 0:21.1 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.0 | My conversation today is with Gabrielle Otagen. |
| 0:36.4 | She's a professor of psychology at New York University and the University of Hamburg. |
| 0:41.4 | Her research focuses on how we think about the future and how this impacts cognition, |
| 0:47.1 | emotion, and behavior. |
| 0:49.8 | Her first book for the mass audience is called Rethinking Positive Thinking. |
| 0:56.1 | This is a really interesting conversation for me. |
| 1:00.0 | Gabrielle is also looking at data, just like traders would, just like trend followers would. |
| 1:05.7 | But she is looking at data on motivation. |
| 1:09.9 | What drives us? Positive thinking. Is too much positive thinking |
| 1:14.8 | a problem? Well, it can be. Is there a way to go about thinking about the future and thinking |
| 1:22.1 | positively? Gabrielle has a framework, a structure that can help us all. |
| 1:28.6 | I hope you enjoy this conversation. |
| 1:37.3 | So where are you? |
| 1:38.8 | I'm in Saigon. |
| 1:41.0 | What? |
| 1:42.1 | Yeah. |
| 1:42.9 | Why are you in Saigon? This is so interesting. Tell me more. |
| 1:48.1 | You know, I have this side gig where I've readed a bunch of books about trading. And so last |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.