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Michael Covel's Trend Following

Ep. 384: Living by Your Own Rules with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 28 September 2015

⏱️ 25 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Living by Your Own Rules 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

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.

0:21.6

I am your host, Michael Covel.

0:23.6

Not filtered, raw, honest.

0:26.6

That's my passion.

0:32.6

Good evening.

0:34.6

For too long, we in Washington have been lying to you. We say we're here to serve you when in fact we're serving ourselves. And why? We are driven by our own desire to get reelected. Our need to stay in power eclipses our duty to govern. That ends tonight. Tonight I give you the truth.

0:59.0

And the truth is this. The American dream has failed you. Work hard, play by the rules. You aren't guaranteed success.

1:09.0

Your children will not have a better life than you did.

1:12.6

Ten million of you can't even get a job even though you desperately want one.

1:17.6

We've been crippled by Social Security, Medicare, Medicaid, by welfare, by entitlements.

1:24.6

And that is the root of the problem. Entitlements. Let me be clear. You are entitled to nothing.

1:35.3

You are entitled to nothing. America was built on the spirit of industry. You build your future. It isn't handed to you.

1:49.6

Frank Underwood at his best. You are entitled to nothing. You are entitled to nothing.

2:05.6

I would argue for the limited time that you have on this planet,

2:09.0

if you can believe that deep in your bones,

2:11.5

that you are entitled to nothing,

2:18.3

then and only then do you have a chance for success? A chance for a real success of your making that involves freedom that doesn't involve

2:26.7

sitting in an office cube for the rest of your life saying, yes, sir, to a blank.

2:38.3

My thoughts today revolve around decision-making.

2:42.4

How do we decide?

2:44.3

I want to use some touchstone cultural examples

...

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