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Michael Covel's Trend Following

Ep. 899: Michael Canic Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6732 Ratings

🗓️ 4 September 2020

⏱️ 50 minutes

🧾️ Download transcript

Summary

My guest today is Michael Canic, PhD, the president of Making Strategy Happen, which specializes in helping committed leaders of midsize companies turn ambition into strategy, and strategy into reality. Canic originated his strategy model while working as a corporate leader for FedEx, during which time his district became the most recognized in the Americas for service quality.

The topic is his book Ruthless Consistency: How Committed Leaders Execute Strategy, Implement Change, and Build Organizations That Win.

In this episode of Trend Following Radio we discuss:

  • Football
  • Change and Fear
  • "Cut Your Losses and Let Your Profits Run"
  • Importance of Commitment
  • Leadership
  • Asian Experience
  • Taking Action
  • Zen Temples of Kyoto
  • Control your Ego

Jump in!

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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.

0:26.6

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

0:37.3

That's my passion. I got to give my guest today credit for the title of his new book, Ruthless Consistency.

0:40.8

When you hear that title, before you even know where my guest goes today, you say to yourself,

0:48.1

ruthless consistency. And damn it, we all know, even if we don't know my author's exact definition of it yet,

0:57.4

we all know when we hear that title,

1:00.0

ruthless consistency,

1:01.7

we know that's the secret.

1:04.7

Or, you know, there's lots of secrets to success,

1:07.0

but that's a damn important one.

1:09.5

And we all know it in our gut. My guest today is Michael

1:13.4

Kenneck, and he is the guy that is pushing ruthless consistency. Look, if this year has taught us

1:21.4

anything, the year of COVID, I mean, it's turmoil out the wazoo. Today, if there was ever a need for focus, alignment,

1:32.6

and execution, it's now. But all of this starts with commitment. Your commitment, whether you

1:42.3

are the leader of a team or you're leading yourself, you've got to have

1:45.8

the right commitment. Because if there's no commitment, there's no ruthless consistency. It starts with

1:52.5

you. And this is one of those conversations I love because I like to find out about the individual,

1:59.1

about the author. I want to have a conversation. And I tell this to my

2:03.9

many guests that I have on this show, have a conversation with me. And if people like you,

2:09.9

if they like where you're coming from, they're going to check your book out. That's just life.

2:14.5

That's reality. Now, a lot of people don't know that, but it's true.

...

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