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Michael Covel's Trend Following

Ep. 58: Dirt Off Your Shoulder with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 13 September 2012

⏱️ 27 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Dirt Off Your Shoulder 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.

0:12.2

Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings. I am your host, Michael Covell,

0:24.6

not filtered, raw, honest. That's my passion. So let me tell you, first off, I want to read a quote from Malcolm Gladwell, the author.

0:40.4

My goal of the day is to fully listen to my critics, even if they may not know exactly what they're critical of.

0:48.0

Love it.

0:48.6

I love it.

0:49.7

So, you know, I also want to kind of just add some clarity to, you know, dusting the dirt off my

0:56.9

shoulders, so to speak. And I was looking up the exact definition. And there's a couple

1:04.1

different ways it could be interpreted. There's an interesting donkey parable about being buried

1:08.5

in a well about dusting the dirt off your shoulders.

1:12.3

But I think the one that I like, the one version that seemed to make the most sense for me,

1:16.2

was, you know, as more people hate on you or become envious or angry at you for whatever reason,

1:22.4

the dust accumulates into dirt.

1:24.6

And soon, you've got to dust that dirt off your shoulders.

1:28.9

So that's my kind of my setup here, and you'll see where I'm going with this.

1:35.9

So yesterday I find an article, JZ, kind of slamming Occupy Wall Street.

1:42.3

You know, I went to Occupy Wall Street events here on the West

1:45.3

Coast, and I saw a bunch of people that were seemingly lost, and they did not know what they

1:52.2

were really doing or what they were complaining about. A lot of them had not showered in a long time,

1:57.0

and the first book that I saw at their book-selling event was the Communist Manifesto in Spanish.

2:04.2

And now amazingly, well, maybe not amazing, but the press gave a lot of these folks a green light

2:10.2

that somehow or another they were on to a good path. And, you know, eventually we saw what happened.

...

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