4.6 • 730 Ratings
🗓️ 23 April 2018
⏱️ 30 minutes
🧾️ Download transcript
Please enjoy my monologue Asymmetric Information and Entrepreneurship 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
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LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
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, not filtered, raw, honest. |
0:27.4 | That's my passion. |
0:33.1 | The sexiest word you hear thrown about, and I'm guilty of this, entrepreneurship, to be an entrepreneur. 99% of the population. I don't care what country you're in, what state, what city. 99% of the population, not entrepreneurs. |
0:56.1 | Maybe that's wrong, I'm guessing, but I'm going to say 99% based on my own sampling |
1:01.6 | of just regular people over the last 20 years. |
1:05.9 | Now, I thought this was going to be different when Netscape went public in 1995. I thought there would be an avalanche |
1:14.6 | of entrepreneurs. And perhaps there was during the dot-com bubble and perhaps the dot-com bubble |
1:21.5 | washed people away. We're seeing some rise in entrepreneurship again with crypto, I think. |
1:31.5 | But is this stuff really being an entrepreneur? |
1:35.8 | I mean, if a wave happens, the dot-com bubble, crypto, and you're not doing anything other than |
1:42.2 | going along for the r ride with no particular plan. |
1:47.3 | Yeah, it's not really being an entrepreneur. |
1:51.4 | Being an entrepreneur is something visceral. |
1:54.1 | It's deep down. |
1:56.5 | And there's a starting point. |
2:00.2 | There's a starting point for being an entrepreneur. |
2:03.0 | Where I'm going to go today, I'm going to bring in three different pieces, things that I did not |
2:07.7 | write, but that are really great to me. |
2:11.7 | A very old Tim Ferriss blog post called the Top Five Re to be a jack of all trades. First. |
2:19.7 | Second, why entrepreneurs start companies rather than join them by guy named Steve Blank, |
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