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Michael Covel's Trend Following

Ep. 778: Feynman Teaches Us All with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 8 July 2019

⏱️ 23 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Feynman Teaches Us All 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 Covel, not filtered, raw, honest.

0:27.4

That's my passion.

0:33.3

I like to get controversial.

0:36.0

I want to cause people to feel a little bit something inside.

0:43.3

Some people are going to agree. Some are going to disagree.

0:48.3

But there's a method to my madness. I try to stay true to a scientific method thinking. I have my biases like everyone else,

1:01.7

but I try for just a touch of being objective. Why would you listen if I was just some hack,

1:14.0

ranting and raving without some foundation?

1:22.0

I have many friends on the right. I have many friends on the left, so to speak, conservative and liberal.

1:33.3

But nonetheless, I try, try my damn level-headed best to stay in some form and all of my inquiry and all of my discussion, my research, my writing, to stay in line with the scientific

1:40.4

method.

1:41.8

And let's be frank, at least 50% of the world does not. They have no desire

1:49.5

to apply any kind of scientific reasoning. They are emotion, times emotion, times emotion.

1:58.0

That's it. They literally have no ability to be rational, to be logical,

2:04.9

to think through, to deduce, to gather facts, to be proven wrong. They don't have that ability.

2:13.1

Now, maybe I can sway a few of them to my perspective, but doubtful.

2:18.5

Because the reality is when most people are faced with information that shows their prior

2:24.2

held beliefs are incorrect, they don't come over to the new correct views.

2:30.8

They double down and go in the wrong direction even more. That's life.

2:37.3

But today, before I go into my example, I want to play a clip from a famous physicist, one

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