Ep. 879: The Opportunity Cost with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 26 June 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue The Opportunity Cost 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!
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. |
| 0:33.4 | Maybe it's a function of getting older, maybe just not caring or realizing the cards have been dealt. |
| 0:44.9 | And that's just the way it is. |
| 0:47.8 | That's today. |
| 0:49.6 | The chaos, the insanity, the 24-7 news coverage, everybody with a social media account, |
| 0:59.9 | everybody trying to influence, everyone trying to say their voice, give their opinion. |
| 1:09.0 | It's a cacophony of just nonstop. |
| 1:14.3 | What are you supposed to do with that? |
| 1:17.0 | I mean, there's a simple concept called an opportunity cost. |
| 1:20.8 | So if all of that stuff is ringing in your ear, |
| 1:26.3 | how are you supposed to do something on the other side of the equation? |
| 1:31.7 | How are you supposed to achieve? How are you supposed to make something, build something, |
| 1:37.0 | or do anything? It's pretty tough if you got something buzzing in your ear nonstop. |
| 1:44.9 | Now look, I plead guilty. |
| 1:48.1 | I do check in generally every day for a few minutes to see what's going on, to see what |
| 1:54.2 | manufactured story or chaos is all the rage. |
| 1:59.0 | But I don't live on Twitter or anything like that. If I did, what could I do |
| 2:04.3 | about it? I generally like to take a thought that I have, something that I feel is interesting, |
| 2:10.6 | and share it. And I generally don't pick things to share that really have another side, meaning there |
... |
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 2026.

