Ep. 846: When Mass Panic Rolls Out You Need A Plan with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 2 March 2020
⏱️ 74 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue When Mass Panic Rolls Out You Need A Plan 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
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| 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 | This coronavirus is an amazing window into the understanding of what a black swan is. |
| 0:43.2 | If I get one more person that tells me how many people die from the common flu, a common cold, |
| 0:51.8 | thus therefore coronavirus is irrelevant or overhyped or whatnot. |
| 0:58.8 | It could be overhyped. |
| 1:01.0 | It could be completely wrong. |
| 1:03.3 | It could be complete bullshit. |
| 1:06.9 | But all you have to do is look around. |
| 1:10.0 | Look around the world at China, the situation on the ground. |
| 1:15.8 | The spread to Korea. |
| 1:17.0 | The spread to Japan. |
| 1:18.1 | The spread to Iran. |
| 1:20.0 | The spread to Italy. |
| 1:22.2 | The wholesale canceling of flights. |
| 1:26.0 | Does this mean we're all going to die of corona? Not exactly. But then again, |
| 1:31.9 | who the hell knows? So the issue becomes straight to Andy Grove and Intel, his famous expression, |
| 1:42.1 | only the paranoidids survive. |
| 1:45.3 | Can you spend a little time to make sure that you survive? |
| 1:51.0 | Or will you just always assume that somebody will take care of you and everything will be okay? |
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