4.6 • 730 Ratings
🗓️ 18 June 2018
⏱️ 26 minutes
🧾️ Download transcript
Please enjoy my monologue Value Versus Trend Following 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!
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. |
0:33.2 | There was something about episode 667 that I really liked. |
0:38.6 | Professor from Duke, and we talked about a concept called preference falsification. |
0:43.6 | In a nutshell, to restate it, people don't tell the truth. |
0:48.5 | I mean, if you ask people a poll question, most of the time they'll tell you the truth, but not always. So there's this |
0:58.5 | variability there. And I thought to myself, a few days later after the episode went live, I thought, |
1:04.6 | why do people love polls? So you're going to have an election. People are going to vote. |
1:10.0 | That's concrete. That's like going to vote. That's concrete. |
1:11.6 | That's like the traded price. |
1:14.2 | It's done. |
1:15.8 | It counts. |
1:18.0 | But why the preliminary? |
1:20.3 | Let me be frank here. |
1:21.5 | Why are we jerking ourselves off to actually think that the poll will correlate, |
1:30.8 | will be the same as the election day result. |
1:37.0 | How did we even get this into our mind? And I think if you can allow yourself to think about that example, the idea of, oh my gosh, look at the polls. The polls are telling us what's going to |
1:42.4 | happen, and then the election happens, and the |
1:44.4 | polls didn't tell a shit. If you can let that out of your mind and be more of a scientist about |
1:49.9 | it and just trust the data and trust that you can't predict about damn anything, you're much |
... |
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