Ep. 59: Don't Let Them F*** You Around with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 18 September 2012
⏱️ 27 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Don't Let Them F*** You Around 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
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| 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. |
| 0:22.4 | I am your host, Michael Covell, not filtered, raw, honest. |
| 0:28.7 | That's my passion. |
| 0:34.6 | Today, in society, there's so much what I call, you know, boiling pot of water lobster behavior out there. |
| 0:45.3 | And the point being is, if you take a, what, you take a big old pot of water and you put it on the stove and it's cold water and you put a lobster in there and you bring it to boil, |
| 0:56.8 | the lobster is really never going to, he's never going to really move around. |
| 0:58.0 | He's just kind of going to take it. |
| 1:00.8 | He's just going to kind of accept his fate. |
| 1:05.8 | But if the water is boiling and you try and throw him in there, he's probably going to throw a fit. |
| 1:22.8 | But, you know, the point is, is that most of society, most investors today, I think are like the live lobster in a big pot of cold water as it's slowly coming to a boil. |
| 1:24.0 | And they don't know. |
| 1:30.8 | And I guess I was somewhat inspired even to bring that up because I was thinking the connections here are entirely crazy because dance this mess around was another B-52's song, and that was |
| 1:39.8 | what got me into the lobster song. |
| 1:42.3 | But those were both inspired from a quote that I saw from |
| 1:45.0 | Christopher Hitchens, the author, provocateur, debater, challenger, skeptic, who unfortunately |
| 1:53.4 | passed away last year from cancer. And Hitchens, I actually briefly met him in person on the |
| 1:59.2 | Excella going to New York from D.C. one time. |
| 2:02.8 | Didn't really get a chance to talk with him much, but he had this great quote the other day. |
| 2:09.6 | And essentially, a defiance quote. |
| 2:14.2 | Now, if you're a lobster and you're in the water and it's cold and it's starting to get hot |
| 2:19.6 | and you're not really doing anything, there's not much defiance there. |
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