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

Nobel Prize winners, legendary traders, best-selling 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.

It's always a challenge.

How does one take a topic like trend following trading, a very statistically quant-driven philosophy, technique, mindset, any way you want to slice it, it comes back to numbers.

In numbers, thinking in terms of numbers, counting, is not something as a population,

as a whole population, that we like to do.

Emotions rule.

Gut feels rule.

I mean, having a philosophical bent, a philosophical direction for one's life with a certain

formula that you follow and that formula will crank out wins and perhaps some major

home runs, some major victories over the course of a lifetime. Maybe it won't be consistent,

but it will get the big home runs. Consistency is the illusion. I'm not sure exactly how consistency, in whatever discipline one wants to talk about,

I'm not sure how consistency became the norm, the accepted way that so many people think life unfolds.

Today, another great anti-consistency story.

In the late 1970s, the early 1980s, I lived very close to Baltimore, Maryland.

As a kid who was playing baseball, and there was no Washington

Nationals team at the time, the Baltimore Orioles were it. I knew all of their players.

I knew all of the players at all of the starting positions. I probably knew every player for years,

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