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.

I want to give a gentle reminder.

Well, perhaps it's going to be harsh by the time I'm finished.

Let's talk surefire predictions,

otherwise known as 100% complete fucking bullshit.

Now, for those of you academics out there, for those few quant traders,

those brilliant minds that want to use prediction

in a very mathematical sense, in a very edge sense,

you're excused.

I get it.

But for those of you that think you can predict tomorrow, you can predict next week,

you can predict all of 2016.

You are sadly mistaken.

You know this deep down in your gut. You know you can't.

But you want to believe. You want to be foolish.

Well, of course, you will get exactly what you want, to paraphrase Edzikota.

If you want to believe in something that cannot happen, you will get exactly what can happen,

which is nothing.

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