This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

Following up on last week's free chapter from my book trend following this week a free chapter from

my book turtle trader chapter four the philosophy now there are some of you out there that

think philosophy is not important but But in reality, it's the

philosophy that makes the damn rules. If you're bright enough, you can take the philosophy

and have the rules. If you're bright enough, that sounds really cocky, but it's somewhat true.

Now, I'm one of these people that was not bright enough.

I needed to see the rules early on.

And so did the original Turtle Traders.

They needed to see the rules.

But it starts with a philosophy.

I hope you enjoy chapter four from my book, The Complete Turtle Trader.

Chapter 4, The Philosophy

When you have eliminated the impossible, whatever remains, however improbable, must be the

truth.

Sir Arthur Conan Doyle, Sherlock Holmes

Dennis and Eckhart's two weeks of training were heavy with the scientific method,

the structural foundation of their trading style, and the foundation on which they had based their

arguments in high school. It was the same foundation relied upon by Hume and Locke.

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