Ep. 372: Letting Your Systems Run with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 17 August 2015
⏱️ 31 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Letting Your Systems Run 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. |
| 0:10.9 | 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. |
| 0:33.3 | Someone made the comment to me recently |
| 0:35.4 | that perhaps the big names, so to speak, |
| 0:41.1 | and the big amounts that have been earned historically by certain traders, |
| 0:46.4 | that perhaps that is too much for the average person to grasp. |
| 0:53.3 | I mean, if someone makes a hundred million or a billion or more, how can the average person |
| 1:00.8 | appreciate that? |
| 1:01.8 | Maybe the average person hears those numbers and says, this isn't for me. |
| 1:06.4 | I can't do this. |
| 1:09.4 | These guys are super extraordinary. They got lucky. They did this. These guys are super extraordinary. |
| 1:11.8 | They got lucky. |
| 1:12.6 | They did this. |
| 1:13.1 | They did that. |
| 1:15.9 | My counter to that type of an argument. |
| 1:19.8 | Why in the hell is everyone fascinated with Warren Buffett then? |
| 1:25.2 | What's the fascination with Buffett? |
| 1:32.0 | Books upon books, interviews. He's been on CNBC so much the last 15 years. How in the world does everyone think they're going to be the |
| 1:38.3 | next Warren Buffett? I mean, if that's the logic, if someone says to me, hey, Mike, these guys in the trend following |
... |
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