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Michael Covel's Trend Following

Ep. 511: A Zen Money Perspective with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 16 December 2016

⏱️ 47 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue A Zen Money Perspective 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.

0:21.2

I am your host, Michael Coval.

0:24.0

Not filtered, raw, honest.

0:27.4

That's my passion.

0:33.1

I invited another dead guest onto this week's show.

0:38.9

Alan Watts, the Eastern philosopher, one of my favorites, a man who can wander and wind

0:46.2

down many paths, and he doesn't necessarily reach only logical conclusions, but this man, his ability to bring out food for thought to make

0:58.5

you think, he's right there. For a little background, for those of you that don't know, Alan Watts,

1:04.5

introduced Eastern traditions, Buddhism to the West. His video on money I have featured on this podcast many times, because it never gets old.

1:14.0

It's 100% brilliant.

1:17.3

Is money the root of all evil?

1:19.7

Is money the goal?

1:22.2

What about confusing money with happiness?

1:25.3

This sure happens a lot, doesn't it?

1:30.1

Watts has some thoughts there too as well.

1:37.4

Making mistakes, are you so afraid to make a mistake that you don't get anything done?

1:46.2

Watts is fantastic at laying out why that is just a massive mistake in your life.

1:50.6

The massive mistake in your life is if you're afraid to make mistakes, you never get anything done.

1:53.4

You never learn a damn thing.

2:04.6

But before I get into Watts, let me tell you why this particular excerpt with Watts, and this is decades decades ago why this came to be on this week's monologue. I was in Malibu, California recently. With my fiance, driving down from San Francisco,

2:14.6

we stopped at a seafood restaurant. I don't recall the name.

...

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