This is Trend Following Radio, where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel.

Not filtered, raw, honest.

That's my passion.

Let me put it out there boldly and bluntly.

If you have never failed, you have never done a fucking thing in your life.

Absolutely guaranteed, period.

If you've never failed, you've done nothing.

Why all the anger this morning?

I wouldn't call it exactly anger, but why the...

In the last few weeks, I've seen many people, many situations come at me.

And it seems like from the trading perspective, maybe even the life perspective. We've created a fantasy. And the fantasy

goes something like this. Markets go up forever. I make consistent money every year. There's

somebody to take care of me when something goes wrong. There will never be failure because

there's caring everywhere.

The Federal Reserve cares about you.

The local politicians care about you.

The national politicians care about you.

Someone cares about you and you will never hit the ground.

Your face will never hit that sidewalk because somebody cares.

There's a warm embrace, a big hug.

...