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Michael Covel's Trend Following

Ep. 84: The Incessant Search For The New New Thing with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 28 November 2012

⏱️ 20 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue The Incessant Search For The New New Thing 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.

0:12.2

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

0:22.5

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

0:28.7

That's my passion.

0:35.3

I have to read something from Seth Godin.

0:38.6

I think this is great.

0:39.8

I put it on my blog, but it's the incessant search for the new, new thing.

0:47.1

Today, an internet video or an investment philosophy or a political moment might last for weeks or even a few days.

0:53.8

It's not unusual for a movie or a book

0:55.7

or even a TV series to come and go before most people notice it. Neophilia has fundamentally

1:02.2

changed the culture. The result is there's an increasing desire, almost a panic for something new.

1:08.5

Yesterday was a million years ago and tomorrow is already here.

1:12.1

The rush for the new continues to increase and it's now surpassing our ability to satisfy

1:16.3

it.

1:17.9

When that need can't be filled, which is not surprising if you think about it, and we're

1:22.0

inclined to declare that it's the end, the end of new ideas, the end of progress, the end of

1:26.4

everything that's interesting.

1:28.6

It's been a week or two watching TED videos and once you catch up, you might find yourself

1:32.0

saying, sure, but what's new now? If you're in the business to making a new thing,

1:37.3

the churn may be an opportunity because it's easier now than ever to send up a hit up

1:42.3

the pop charts, whatever sort of pop you make. But it comes

1:46.6

at a price, which is that it won't last and you'll quickly have to go back and make another one.

...

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