Ep. 693: Terence Tse Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 14 September 2018

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Terence C.M. Tse, an educator, speaker, advisor and commentator. He is a co-founder of Nexus FrontierTech and co-author of “Understanding How the Future Unfolds: Using Drive to Harness the Power of Today’s Mega Trends.” His mantra is “You can’t predict the future, but you can be ready with a plan.” Terence’s book focuses on a term he calls “Presentcasting.” He does not promote forecasting but rather teaches people to look at what’s in front of them and see how things are unfolding in current time. He has created the acronym DRIVE – defining 5 interrelated mega trends: demographic and social changes, resource scarcity, inequalities, volatility, complexity and scale and enterprising dynamics. These are the five directions Terence points clients in when they start thinking about improving their lives.

The topic is his book Understanding How the Future Unfolds: Using Drive to Harness the Power of Today’s Mega Trends

In this episode of Trend Following Radio we discuss:

Preparing of uncertainty
Entrepreneurship
Economics abroad
New technology
Rise of the internet
Disappearance of white collar jobs
Student loans

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

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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.
0:33.5	Before I jump into my guest today, a little announcement,
0:41.8	a little Michael Covel, PSA.
0:48.8	For those of you that are interested in a greater trend following understanding, a greater move ahead,
1:00.8	check out trendfollowing.com slash e-course. That's slash e-course. A nice little introduction into the trend following headspace with a special unannounced bonus if you make it to the end.
1:12.9	Go take a look. I think you'll enjoy.
1:21.1	Today I'm going to dive into with my guest a new book, understanding how the future unfolds,
1:29.9	using Drive to harness the power of today's megatrends. The book's authors Terrence C and Mark Esposito.
1:40.1	Look, we all know predicting anything about tomorrow is damn near impossible. But preparing for an uncertain future, if you're not doing it, forget it, you're toast.
1:46.8	Terrence and Mark have developed an acronym, D-R-I-V-E, that examines five interrelated
1:55.2	megatrends.
1:57.2	Demographic and social changes, resource scarcity, inequalities, volatility, complexity, and scale,
2:05.7	and finally, enterprising dynamics. Terrence and Marx see this as a GPS system for our new
2:13.7	global economy. And again, they're not attempting to tell you they know what's going to happen tomorrow.
2:20.7	But they are pointing out that if you have that proper foundation, you could be ready.
2:26.7	I wonder why someone like me would be interested in a topic like this.
2:32.1	Huh, you can't predict the future, but you can be ready with a plan.
2:37.2	Sure sounds like trend following. So let's jump right in with Terrence and dig into
	...

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