4.6 • 730 Ratings
🗓️ 1 July 2019
⏱️ 21 minutes
🧾️ Download transcript
Please enjoy my monologue Getting Rich The Smart Way with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
---
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 Coval. |
0:24.0 | Not filtered, raw, honest. |
0:27.4 | That's my passion. |
0:33.4 | There's this guy on Twitter, very well-known angel investor, Neval, at N-A-V-A-L. |
0:44.5 | I generally will see his stuff when I peruse Twitter, and I like the way he thinks. |
0:51.5 | And he had this tweet storm, how to get rich without getting lucky. Some real |
0:58.1 | nice wisdom. And what he put together. I will run through some of them with a little bit of my |
1:05.3 | commentary. His first one, seek wealth, not money or status. Wealth is having assets that you earn while you sleep. |
1:14.2 | Money is how we transfer time and wealth. Status is your place in the social hierarchy. |
1:20.8 | Boy, status is an interesting one. Have you ever watched somebody who has F you money and they're faced with a problem or a conundrum |
1:32.4 | or an opportunity? And they can't make a good decision because their entire life has been set up |
1:42.2 | around how they sit in the social hierarchy. |
1:47.3 | Now, I can't relate to this. |
1:49.6 | I mean, I guess I'm in some kind of social hierarchy, but this podcast has taught me one thing. |
1:55.1 | I can talk to anyone. |
1:57.2 | They might not like me. |
1:59.5 | They might think I'm full of it. They might not think I'm qualified |
2:03.4 | enough for something. But I know I can relate. I can connect with just about anybody. I can |
2:11.5 | find common ground. And at that moment of time in your life that you know you can find common |
2:17.3 | ground, well, when |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.