Ep. 51: Charles Faulkner Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 29 August 2012
⏱️ 63 minutes
🧾️ Download transcript
Summary
My guest today is Charles Faulkner, a trader, mentor and author who has been featured in Jack Schwager's "Market Wizards" series. Faulkner is an international expert on modeling the knowledge and performance of exceptional individuals, teams and organizations, and applying the latest research in cognitive neuroscience and linguistics.
The topic is his book Higher Level Trading: The Five Stages to Trader and Investor Mastery.
In this episode of Trend Following Radio we discuss:
- Faulkner's idea of "system one" and "system two" - a dual-process theory of how the brain works - and how it relates to trading
- Herding, bubbles, and panics and how they relate to "mirror neurons", group think, and sheep behavior
- The idea of making sense of the world through our bodies (and how this might be relevant to trading)
- Neurolinguistics (the relationship between the neurology of the brain and the language we use)
- How our brains crave stories (and how we have to be careful how we use them)
- The importance of using money to buy experiences over objects
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
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Twitter: @covel
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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. |
| 0:21.2 | I am your host, Michael Cobell. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.2 | So today on the show I have Charles Faulkner, and I, how do you look at the schedule even? |
| 0:37.3 | It's been a few months since we talked on the podcast. |
| 0:40.8 | But, you know, such good feedback from Charles' episode. |
| 0:43.3 | And for those that don't know, I think Charles is a wide and varied career trader, trader |
| 0:48.9 | mentor. |
| 0:49.9 | He was in the New Market Wizards book. |
| 0:52.5 | And we will talk about it today, working on your new book. |
| 0:56.5 | Hey, Charles. |
| 0:56.9 | How are you doing today? |
| 0:58.2 | I'm great. |
| 0:58.8 | Hi, Michael. |
| 0:59.7 | So let's just get this out of the gate. |
| 1:01.8 | So make an announcement. |
| 1:02.9 | You are in the process of this new work, this new book. |
| 1:10.4 | Where do you stand and what kind of a time frame can folks |
| 1:14.7 | expect to be able to get their hands on on your new work? |
| 1:20.3 | Well, it's the title is higher level trading, the five stages to trading and investor mastery. |
... |
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