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.

As with all of my monologues, diversity is starting to become, I guess, my motto, so to speak.

And I took about 10 minutes tonight just to look around.

And I had actually a friend, a student, Jim Byers, emailed me a Bank of England speech.

And I've not read the whole thing yet, but everything you're going to hear tonight,

and I am recording this at night, is related to or started with this speech that Jim

Byers sent me.

And the speech is called The Dog and the Frisbee.

Before I get into that, though, I just, because I think it's going to, I think it comes better after I skewer some of the typical sacred cows.

First off, you know, this stuff is pretty typical that you see all the time.

I just poked around a little bit tonight.

John Bogle's 10 Rules of Investing.

Remember a reversion to the mean?

Yeah, sure.

Okay.

Time is your friend.

Impulse is your enemy.

Buy right and hold tight.

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