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. Fear drives everything. Fear of not making it.

Fear of missing out.

Fear that your neighbor may have figured it out.

And we'll get ahead of you.

Fear, fear, fear.

Today I want to break apart performance.

Because performance is that flagpole in the ground that we can all look to if we're objective.

Plenty of us are not objective.

Consider two very, very successful investors or traders.

However, you might like to refer to them.

I prefer trader.

Some people prefer investor.

Traders, though, however, have that plan of, I will enter here, I will exit here.

Investors typically just sound smart and I'll buy here and I'll hold on forever, which is where much of the world is today. So I highly recommend at the outset, kind of a

side note, examine why you might want to call yourself a trader versus an investor.

But the two big names that I want you to consider, Warren Buffett, the superstar of all superstars,

so well known, books by the dozens. But then I want you to also consider Bill Dunn and Dunn Capital.

Bill Dunn started Dunn Capital.

He's now Chairman Emeritus of Dunn.

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