Ep. 943: GameStop with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 5 February 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue GameStop 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 Coval, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.4 | I want to take you back in time to a point in time that you may or may not have familiarity with, |
| 0:41.5 | but I'll try to describe it. |
| 0:44.7 | Netscape went public in the summer of 1995. |
| 0:49.8 | Mark Andresen, the famed venture capitalists now, started with Netscape, the first browser. |
| 0:57.0 | Of course, Netscape lost, but Andresen's done pretty damn good. |
| 1:01.6 | But it kicked off the dot-com bubble. |
| 1:04.3 | At the time, I was living in Northern Virginia, about 15 miles outside Washington, D.C. |
| 1:11.0 | At in nowhere, tech companies went gangbusters. |
| 1:16.7 | Companies like America Online, UUNet, micro strategy. |
| 1:22.7 | Every person that I knew at that time in my 20s were dying to work with these companies or had jobs |
| 1:30.9 | with these companies. Now, let's be honest, many of the people that worked inside these companies |
| 1:35.0 | at the highest echelons, very smart people. But these companies were not really that special, |
| 1:42.1 | honestly. They were the first wave of the dot com stuff, and they rode the wave. |
| 1:48.6 | I can't tell you how many really, really dumb people were involved with these companies that I knew, |
| 1:57.6 | that worked for these companies. |
| 1:59.4 | It was a mania. |
| 2:01.5 | It was euphoria. |
| 2:03.4 | People just thought money was going to fall from the trees. |
... |
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