Ep. 442: Process, Outcome and Sport with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 18 April 2016
⏱️ 24 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Process, Outcome and Sport 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
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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. |
| 0:21.1 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | My last podcast I talked about Brad Stevens, the Boston Celtics basketball coach. |
| 0:40.9 | A statistics guy who believes the process outweighs outcome. |
| 0:50.0 | Now, of course, in his world, basketball wins. |
| 0:54.7 | Ultimately, you have to have the outcome. |
| 0:57.9 | But to get that outcome, you have to put a damn good process in place. |
| 1:06.2 | Building on my Brad Stevens podcast, I want to read a letter. |
| 1:10.8 | This is a resignation letter from |
| 1:13.6 | Sam Hinky. Sam recently resigned as the general manager of the Philadelphia 76ers NBA basketball team. |
| 1:24.2 | He was GM from May 2013 to April 2016. |
| 1:30.4 | Young guy, not even 40 years of age yet, 38, but a big basketball stats guy. |
| 1:37.9 | He was hired from the Houston Rockets because the Houston Rockets had been big stats people |
| 1:43.5 | and had a lot of success with it. |
| 1:46.1 | So three years ago, he came to the Philadelphia 76ers as GM to the outside world. |
| 1:53.9 | His strategy appeared to be lose as many games as possible to try and get the first pick in the draft. |
| 2:03.3 | Well, he's done that for several years now. |
| 2:05.6 | The team has been absolutely terrible, and Sam has resigned. |
| 2:11.6 | Those are the facts. |
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