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Michael Covel's Trend Following

Ep. 770: Social Control Arrives with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 10 June 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Social Control Arrives 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 Coval, not filtered, raw, honest.

0:27.4

That's my passion.

0:33.3

Let me get a little controversial today.

0:36.6

On some subjects, near and dear to all of us.

0:41.0

I recently posted on my Facebook, quote,

0:44.2

people can criticize China's social credit system,

0:47.2

but if there's not going to be privacy, guaranteed to be true soon,

0:52.7

then I like rewarding good behavior and punishing bad. Or I can

0:58.7

ponder the permissiveness that allows defecating on San Francisco streets after finishing up and in

1:06.2

public in front of the kids, heroin shoot up. And I asked rhetorically, what is freedom again?

1:14.3

So I got a bunch of feedback on that particular comment, not surprising. One of the first people

1:19.0

said, in theory, I agree. In practice, it would present an attractive way for politicians

1:24.1

and even corporations to target opposition.

1:29.0

Excuse me.

1:31.4

That's already happening.

1:34.2

That is America today.

1:38.0

You say the wrong thing in America today.

1:39.9

You are deplatformed.

1:42.0

You are tossed off.

1:43.8

You are excommunicated. Forever sent to the hinterland, to Siberia, so to speak. That exists right now. Somebody else responded. Freedom without responsibility or respect is decay. Like a businessman removing too much money from his company for his vices.

...

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