Ep. 379: John Casti Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 11 September 2015

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is John Casti, an internationally-recognized complexity scientist and best-selling popular science author, mathematician, and entrepreneur. He has written more than 120 scientific articles, seven technical monographs and textbooks on mathematical modeling, and sixteen books on popular science. His book, Alternate Realities, was awarded the Association of American Publishers prize. Prey for Me is his first work of fiction.

The topics are his books X-Events: The Collapse of Everything and Mood Matters: From Rising Skirt Lengths to the Collapse of World Powers.

In this episode of Trend Following Radio we discuss:

The fundamentals of socionomics
The science of surprise
Understanding that social mood is time-dependent
How X-events can trigger mood reversals
Isolating the collective social belief
The mindset of "the crowd"

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.
0:27.4	That's my passion.
0:33.1	My guest today is John Casti.
0:35.3	He's an author, mathematician, and entrepreneur.
0:38.7	As an author, John has written more than 120 scientific articles and seven technical monographs and textbooks on mathematical modeling.
0:48.8	To say that John is prolific would be an understatement.
0:53.3	Our conversation today centers on some key issues and
0:57.4	ideas, the science of surprise, mood, social mood, the collective social belief. How does a social
1:08.5	mood get created? And what John calls X events.
1:15.8	This is not a trading episode per se.
1:19.1	You are not going to find investing insight in this episode.
1:23.5	However, what you will find is a very strong psychological thought process.
1:29.8	As John describes what he calls socioeconomics, there are reasons.
1:37.6	There are understandings for why the crowd goes in a direction, for why the crowd goes wild. You can't predict any of that,
1:48.7	and John is not about to say that he can predict any of it. However, it is absolutely worthy
1:55.7	of conversation to think about this mood, to think about surprise.
2:01.9	And then how can one put themselves in the best position
2:05.6	that when the anarchy hits, the chaos hits,
2:10.1	that you are in a position to either thrive or survive or both?
	...

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