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Michael Covel's Trend Following

Ep. 588: Dan Pena Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 11 September 2017

⏱️ 49 minutes

🧾️ Download transcript

Summary

My guest today is Dan Pena, a high performance coach, philanthropist, businessman and author. He has seen every type of business imaginable. He brings an attitude that inspires and provokes action. Dan doesn’t have a subtle, gentle teaching style – as anyone can sense from this podcast. His students regularly ask him, “Why are you so mean? Why do you use such harsh language?” He responds by saying, “Because life is hard.” Most people want change, but they only want change that conforms to their definition — and that is not change. That is staying the same.

The topic is his book Your First 100 Million.

In this episode of Trend Following Radio we discuss:

  • Lack of leadership in today’s society
  • Alpha males
  • Beta males
  • Getting out of victim mode
  • Political correctness syndrome
  • Snowflakes

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

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.

0:33.5

Before I jump into this podcast today, let me talk about how I pay the bills. I pay the bills

0:41.4

by you and the audience, hopefully enjoying my work, hopefully using my work to your advantage,

0:52.3

finding value, whether that's a book, whether that's my flagship training,

0:58.3

which is easily found at trendfollowing.com forward slash products.

1:04.2

But let me talk about one book in particular for just a moment.

1:09.4

My first book was trend following, and it came out over a decade ago.

1:15.2

You're talking about somebody who is learning how to write on the fly. But that first book,

1:21.2

over 100,000 copies sold all these years later, 2017, the new mega edition of trend following is out. Please, please, please.

1:33.7

If you already have a copy of trend following, the first edition, perhaps even the third or fourth

1:39.2

edition, forget it. The fifth edition is twice the material. It's also hardcover. This is the book you put on your shelf

1:49.0

that your grandkids pick up decades from now, guaranteed. I think Wiley did a great job on the

1:57.6

construction of this book. It's probably of all the books I've had, and you know,

2:02.4

sometimes these publishers won't let you have hard backs and all that kind of stuff.

2:05.7

I am most proud of how this book feels. The content, yes, 100%, but it just feels like a book.

2:15.1

And of course, for those of you that don't want to have a book in your hands anymore,

2:18.4

the new audiobook version of trend following, the 2017 edition, is out 34 hours.

2:26.9

Please check the books out.

...

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