Ep. 885: The Island Visit with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 17 July 2020
⏱️ 25 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue The Island Visit 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 | You want to hear a crazy story. |
| 0:36.4 | In my infinite wisdom, somewhere I believe in 1997 or 1998, |
| 0:43.9 | I registered, I don't know how many domain names of famed hedge fund managers. All the ones that you |
| 0:53.9 | could name, I registered. |
| 0:57.3 | Now, I wasn't stupid. |
| 1:00.0 | I was not a domain squatter. |
| 1:02.6 | I was not holding these domains hostage. |
| 1:05.8 | I had the idea of creating news and information sites |
| 1:09.0 | about these individuals and their strategies. |
| 1:12.9 | Not unlike what I did with Turtle Trader. |
| 1:15.6 | And before I ever knew him, I registered the domain name, Ed Seikota.com, the famous trader, |
| 1:24.4 | the one profiled in my book trend following. |
| 1:26.7 | I didn't do anything with it. I don't think I had a |
| 1:30.1 | website. I might have had like a one-page bio site or something like that. I can't recall. |
| 1:37.8 | But I think there was actually no site up. Then one day I got a email from a contact. I did not know this individual. He was representing Ed. And he said, Ed would like his domain name. I thought to myself, okay, why not? Now back in the day, you had to sign a piece of paper and put it in the mail. |
| 2:03.2 | So I remember signing a piece of paper from Network Solutions, I think it was, dropping it in the mail, and thinking nothing of it. |
| 2:12.3 | And I just gave him the domain name. I had paid, you know, a couple hundred dollars or something for a couple years to own it. And I just sent him the ownership. I didn't think anything of it. A couple |
| 2:24.7 | weeks later, same individual contacted me on behalf of Ed and said, hey, would you like to come |
... |
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