Ep. 632: The Machines Will Kill Us with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 12 February 2018

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Please enjoy my monologue The Machines Will Kill Us 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.
0:10.9	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 Covel.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	What a run.
0:36.2	Nice, straight, upward stock prices. Super low interest rates. How we got there? Who the
0:44.9	hell knows exactly? We can all take guesses. But what a fabulous run. And then boom. February
0:53.7	2018, volatility returns. Now, it might just be a one-month
1:00.2	blip and right back to the racetrack for standard issue long only is the best strategy in the
1:06.1	world. But right now, in this moment, February 2018, volatility returning, it's like watching the cockroaches scream out across the floor when you turn the lights on.
1:24.2	Flip on CNN.
1:25.8	Flip on CNBC.
1:32.5	The largest point drops ever, two of them in one week on the Dow.
1:40.3	Oh my gosh, the worst in the world, the largest point drops, not percentages, point drops.
1:44.8	Of course it's not the biggest percent ever.
1:53.8	Everyone can go back and look at the historical record and see what was going on in October of 1987 on one particular day.
1:55.1	That's a drop.
2:00.7	February 2018, the biggest point drops.
2:02.7	Now, why do they phrase it that way?
2:05.3	Why do they phrase it that way?
2:07.3	They know it's inaccurate.
	...

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